21. Amendment of section 18 of the principal enactment

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

Section 18 of the principal enactment is hereby amended as follows: -

(1)

in subsection (1) of that section-

(a)

by the substitution for the words “the

Financial Intelligence Unit or any person authorised by it”, of the words “an officer or any other employee of the staff of the

Financial Intelligence Unit or any other person, authorised by the Head of the

Financial Intelligence Unit”; and

(b)

by the repeal of paragraph (a) of that subsection and the substitution therefor, of the following paragraph: -

“(a) at any reasonable time, enter any premises, in which such officer, other employee or other person believes, on reasonable grounds, that there are records relevant to ensuring compliance with the provisions of this Act or any regulations, rules, Orders or directions made or issued under this Act;”;

(2)

in subsection (2) of that section-

(a)

by the substitution for the words “the Financial

Intelligence Unit or any authorised person”,

Financial Transactions Reporting of the words “the officer or other employee of the staff of the Financial Intelligence Unit or other person, authorised by the Head of the Financial Intelligence Unit”; and

(b)

by the substitution for the words and figures

“administration of Parts, I, II and III of this

Act or the regulations made under the Act.”, of the words “administration of this Act or any regulations, rules, Orders or directions made or issued under this Act.”;

(3)

in subsection (3) of that section, by the substitution for the words “relevant to an investigation for non-compliance with this Act, or amounts to an offence constituting an unlawful activity.”, of the words “relevant to any investigation relating to any non-compliance with this Act or the offence of money laundering, terrorist financing or financing of proliferation of weapons of mass destruction or an offence constituting an unlawful activity.”; and

(4)

by the repeal of the marginal note to that section and the substitution therefor, of the following marginal note: -

“Power of the

Financial Intelligence Unit to examine books, records, &c.,”.

Read on from s 22