Section 21: Agents of Foreigners Must Declare Funding Sources
21.Declaration of sources of funding
(1)Subject to the Anti-Money Laundering Act, an agent of a foreigner shall submit a declaration of the source of funds to the Minister.
(2)An agent of a foreigner who makes a statement for the purpose of this section which is false or misleading commits an offence and is liable, on conviction, to a fine not exceeding seventytwo currency points or imprisonment for a term not exceeding five years, or both.
Plain English Summary
An agent of a foreigner must declare the source of funds to the Minister. A false or misleading statement is a criminal offence punishable by a fine o...
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