Section 34: Disclosure of information

34. Disclosure of information.— [(1) The directors, officers, employees and agents of any reporting entity or intermediary which report an STR or CTR pursuant to this law or any other authority, are prohibited from disclosing, directly or indirectly, to any person that the transaction has been reported unless there are disclosure agreements for corporate groups in accordance with regulations made hereunder.] (2) A violation of the sub-section (1) is a criminal offence and shall be punishable by a maximum term of [five] years imprisonment or a fine which may extend to [two million] rupees or both. (3) Any confidential information furnished by a [reporting entities], or any other person under or pursuant to the provisions of this Act, shall [****] be kept confidential by the FMU, investigation agency or officer as the case may be.

Effective date: 2010-03-27

Amendment history

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