S.L. 373.1 Art. 23Additional administrative measures. 

(1) Where the Financial Intelligence Analysis Unit determines that a subject person has contravened its anti-money laundering and counter-funding of terrorism obligations, the Financial

Intelligence Analysis Unit shall have the power to impose, in conjunction with or instead of an administrative penalty, one or more of the following administrative measures:

(a) a reprimand in writing to admonish the subject person;

(b) an order requiring a subject person to desist from operating in a non-compliant manner;

(c) an order requiring a subject person to comply AND FUNDING OF TERRORISM with its anti-money laundering or funding of terrorism obligations, including taking such actions as may be necessary to remedy and, or correct the situation within such time-frames and subject to such conditions as may be determined by the Financial Intelligence Analysis Unit;

(d) an order requiring a subject person to cease from carrying out transactions or operations within the context of a business relationship, or to offer any particular product or service, be it temporarily or perpetually:

Provided that such administrative measures shall be without prejudice to the powers of the Financial Intelligence Analysis Unit under article 30D of the Act.

(2) The provisions of regulation 21(4) shall apply mutatis to the imposition of administrative measures under this mutandis regulation.

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