Anti-Money Laundering and Countering Financing of Terrorism Act 2009

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Formal warnings

80 Formal warnings

(1)

The relevant AML/CFT supervisor may issue 1 or more formal warnings to a person if the AML/CFT supervisor has reasonable grounds to believe that that person has engaged in conduct that constituted a civil liability act.

(2)

A formal warning must be—

(a)

in the prescribed form; and

(b)

issued in the manner specified in regulations (if any).