(1) The Minister may suspend or revoke a permit if —
(a) a holder of a permit fails to comply with a condition of the permit;
(b) a holder of a permit has been convicted of an offence under this Act;
(c) the Minister is satisfied, having regard to any events that have occurred, or any information of which the Minister has become aware since the permit was granted, that would make the permitted activities contrary to Saint Lucia's international or treaty obligations, or its national interest.
(2) Notwithstanding subsection (1), prior to suspending or revoking a permit the holder of the permit shall be given written notice of the Minister's intention to suspend or revoke the permit.
(3) A notice under subsection (2) must state that within twenty- one days of notification, the holder of the permit on whom it is served may make representations in writing to the Minister concerning the matter and the Minister shall not determine the matter without considering any representations received within that period of twenty-one days.
(4) Notwithstanding subsection (3), the Minister may immediately suspend or revoke a permit if Saint Lucia's international or treaty obligations, or its national interests, require immediate action.
(5) Where the Minister suspends or revokes a permit, the Minister shall within seven days of the suspension or revocation notify —
(a) the Customs and Excise Department; and
(b) the Financial Intelligence Authority.