Section 7I: Sanctions for reporting entities — Anti-Money Laundering Act, 2010

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7I. Sanctions for reporting entities.—If any reporting entity or natural person contravenes any of the provisions of sections 7(1), 7(3) to 7(6) and 7A to 7H, it may be subjected to sanctions, as mentioned under clause (h) of section 6A and as may be prescribed.

Effective date: 2010-03-27

Amendment history

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Related sections

Section 7H: Policies and procedures Section 7J: Appeal to concerned AML/CFT regulatory authority Section 7G: Compliance program Section 8: Attachment of property involved in money laundering Section 7F: Risk understanding Section 9: Investigation

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