(1) Subject to sections 17(3)(b) and 17(4)(d), a person who enters into a transaction with a financial institution or a person engaged in other business activity exceeding $25,000 shall fill out a source of funds declaration in the prescribed form. (Substituted by Act 13 of 2013 and amended by Act 20 of 2016)
(2) A person who makes a false declaration in a source of funds declaration commits an offence and is liable on summary conviction to a fine not exceeding $50,000 or imprisonment for a term not exceeding 5 years. (Inserted by Act 20 of 2016)