MONEY LAUNDERING (PREVENTION AND PROHIBITION) ACT
Section 14: Liability of directors and employees of financial institutions and designated Non-financial business and profession.
Where funds are blocked under section 7 (8) of this Act and there is evidence of conspiracy with the owner of the funds, the financial institution or the designated non-financial business and profession involved shall not be relieved of liability under this Act and criminal proceedings for all offences arising there from, may be brought against a director and employees involved in the conspiracy.
Cite this section
Section 14, MONEY LAUNDERING (PREVENTION AND PROHIBITION) ACT (2022).
https://repo.podus.ai/laws/money-laundering-prevention-and-prohibition-act/section/14/