Skip to content
srilawsby aturio
As enacted
Contents

Part II · Provisions Applicable to Institutions and Other Persons

12. Protection of persons reporting suspicious transactions

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

No civil, criminal or disciplinary proceedings shall lie against —

(a)

a such Institution, an auditor or supervisory authority of an Institution ; or

(b)

a director, partner, an officer, employee or agent acting in the course of that person’s employment or agency of an Institution, firm of Auditors or of a supervisory authority, in relation to any action by the Institution, the firm of auditors or the supervisory authority or a director, partner, officer, employee or agent of such Institution, firm or authority, carried out in terms of this Act in good faith or in compliance with regulations made under this Act or rules or directions given by the Financial Intelligence Unit in terms of this Act.

(2)

The provisions of subsection (1) shall not apply in respect of any proceedings for an offence described in section 8 of this Act.

(3)

If an Institution, firm of auditors or supervisory authority or any director, partner, officer, employee or agent, of any Institution, firm or authority or makes a report under

Financial Transactions Reporting the provisions of this Act, such person shall for the purposes of a prosecution for the offence of money laundering, be deemed not to have been in possession of that information at any time.

Read on from s 13

Part III

Powers and Functions of the Financial Intelligence Unit

Read on from Part III

Part IV

Functions of Supervisory Authority of an Institution and Auditors

Read on from Part IV

Part V

Currency Reporting at the Border

Read on from Part V

Part VI

Offences and Liabilities

Read on from Part VI

Part VII

Miscellaneous

Read on from Part VII