Section 33
of Criminal Asset Recovery Order, 2012
Section 33
(1)
The Financial Intelligence Unit may refer any report, and information pertaining to that report, to the appropriate law enforcement agency in Brunei Darussalam if, on the basis of its analysis and assessment, it has reasonable grounds to suspect that a transaction, attempted transaction or any other activity would be relevant to the investigation or prosecution of a money laundering offence, serious offence or terrorist financing offence, and in connection therewith, the Financial Intelligence Unit may send a copy of such referral or information to the relevant supervisory authority.
Incorporating amendments until S 22/2017
(Cleancopy) NHN/Amiriah/Bb/Karimah as of 26.12.2019
*Note: amendment on page 7,75,81,123 on 11.01.2020
43
BLUV as at 11th March 2017
(2)
Where the Financial Intelligence Unit has reasonable grounds to suspect that a transaction or attempted transaction may involve a serious offence, money laundering offence, or terrorist financing offence, it may direct in writing that the reporting institution concerned either proceed or refrain from proceeding with the transaction or attempted transaction, for a period to be determined by the Financial Intelligence Unit:
Provided that –
(a)
any direction must not exceed 5 business days if the direction is in writing;
(b)
any direction given orally must not exceed 24 hours and must be confirmed in writing within 24 hours of the oral direction; or
(c)
before the direction expires in 5 days, the Financial Intelligence Unit may apply to the Court for an extension of the period of the direction.
Sharing of information with foreign counterpart agencies.