As enacted

Contents

Financial Transactions Reporting Act 2006 · As enacted · Part III · Powers and Functions of the Financial Intelligence Unit

18. Power of Unit to examine books, records &c.,

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

Subject to the requirements of paragraph (e) of subsection (1) of section 15, the Financial Intelligence Unit or any person authorised by it in that behalf may examine the records and inquire into the business and affairs of an

Institution for the purpose of ensuring compliance with the

Act or any directions, orders, rules or regulations issued under the Act, and for that purpose may—

(a)

at any reasonable time, enter any premises, in which the Financial Intelligence Unit or authorised person believes, on reasonable grounds, that there are records relevant to ensuring compliance with the provisions of Parts I, II and III of this Act ;

(b)

use or cause to be used any computer system or data processing system found in the premises, to examine any data contained in or available to the system ;

(c)

reproduce any record, or cause it to be reproduced from the data, in the form of a printout or other intelligible output and remove the printout or the output for examination or copying ; and

Financial Transactions Reporting

(d)

use or cause to be used any copying equipment in the premises to make copies of any record.

(2)

The owner or person responsible for the premises referred to in subsection (1) and every person found thereon shall give the Financial Intelligence Unit or any authorized person all reasonable assistance to enable them to carry out their responsibilities and shall furnish them with any information that they may reasonably require with respect to the administration of Parts, I, II and III of this Act or the regulations made under the Act.

(3)

The Financial Intelligence Unit may transmit any information from, or derived from, such examination to the appropriate domestic or foreign law enforcement authorities or supervisory authorities, if the Financial Intelligence Unit has reasonable grounds to suspect that the information is suspicious or is relevent to an investigation for non-compliance with this Act, or amounts to an offence constituting an unlawful activity.

Read on from s 19

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