A financial institution or a person engaged in other business activity shall establish and maintain internal reporting procedures to —
(a) identify persons at the management level to whom an employee is to report information which comes to the employee's attention in the course of employment that a person may be engaged in money laundering, other criminal conduct; (Amended by Act 16 of 2021)
(b) enable a person identified in accordance with paragraph (a) to have reasonable access to all information that may be relevant to determining whether sufficient basis exists to report the matter under section 16(1)(c);
(c) require the person referred to in paragraph (b) to report the matter under section 16(1)(c) in the event that the person determines that sufficient basis exists.