22. Warrants to search or seize
A magistrate may issue, to a police officer, a warrant —
-
(a) to enter premises belonging to or in the possession or control of a financial institution or a person engaged in other business activity or an employee of a financial institution or a person engaged in other business activity;
-
(b) to search the premises and remove any document, material or other thing on the premises if the magistrate is satisfied by evidence on oath that there are reasonable grounds to believe that —
-
(i) a financial institution or a person engaged in other business activity has failed to keep a transaction record as required by section 16(1)(a),
-
(ii) a financial institution or a person engaged in other business activity has failed to comply with section 16(1)(b), (Amended by Act 20 of 2016)
-
(iii) an employee of a financial institution or a person engaged in other business activity is committing, has committed or is about to commit an offence under this Act, (Amended by Act 20 of 2016)
-
(iv) a financial institution or person engaged in other business activity has failed without reasonable excuse to file a report under section 16(1)(d) or (k), or (Inserted by Act 20 of 2016)
-
(v) a financial institution or person engaged in other business activity has failed without reasonable excuse to comply with any instruction or written warning. (Inserted by Act 20 of 2016)
(Amended by Act 16 of 2021)