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Cap. 373 · Prevention Of Money Laundering Act (Cap. 373)

Cap. 373 чл. 27BCooperation with Competent Authorities.

PART II

В силаОфициален текст

Without prejudice to the generality of the provisions of the Act, where the Unit is in possession of documentation or information which it considers to be of interest and relevance to any competent authority in the pursuance of its functions, the Unit may, subject to any conditions and restrictions that the Unit may impose, transmit such documentation or information to the relevant competent authority:

Provided that the transmission of information shall be subject to:

(a) a guarantee by the competent authority receiving such information that it has adequate rules and procedures in place governing the confidentiality and security of information;

(b) the condition that information or documents exchanged shall be used by the receiving competent authority only for the purposes of pursuing its functions at law;

(c) the condition that the transmitted information shall not be used for purposes other than those referred to in paragraph (b) above, nor shall it be disseminated to any other person, body, authority or agency without the express prior consent of the Unit; and

(d) any other condition or restriction that the Unit may determine, including the prior conclusion, if it deems so necessary, of any memorandum of understanding or other agreement to regulate any such transmission of information.

История на изменения
  • Amended by I.2020.13