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Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001)


Money Laundering Control Regulations


Part 8 : Miscellaneous



18) Exemptions do not apply in case of suspicious and unusual transactions


No exemption referred to in paragraph 4(1), 5(1), 6(1), 9 and 13 of this Schedule shall apply in any circumstances where consideration is given to the making of a report under section 29 of the Act unless the accountable institution concerned may, by carrying out the required steps to which the exemptions referred to in those paragraphs apply, directly or indirectly alert, or bring information to the attention of another person which will, or is likely to, prejudice an investigation.


19) Commencement


These regulations shall come into operation on 20 May 2005.