Section 44A: Information or Particulars not to be Disclosed

1) No reporting entity, nor its official or staff shall disclose to its customer or any other person that the following report, document, record, notice or information concerning suspected money
laundering or terrorist financing or predicate offence has been or is being submitted:

(a) Report of suspicious or threshold transaction,

(b) Report of ongoing monitoring order pursuant to section 19A,

(c) Any document, record or information provided to the Financial Information Unit, investigation officer or investigation authority pursuant to prevailing laws or regulator,

(d) Other details or information to be provided by the reporting entity under this Act, rules and directives thereunder,

(e) Individual introductory details of an official or staff member providing report, document, document, notice or information from (a) to (d).

2) The Department, investigation officer or staff of the Department, investigation authority, pursuant to prevailing laws, shall not disclose any information about the personal or institutional details of the reporting institution, Financial Information Unit or their official or staff submitting a notice or report or document, record or information that will identify or is likely to identify the Reporting Entities or Financial Information Unit and a person or official reporting or disseminating in relation to the offence of money laundering, terrorist financing or predicate offence to anyone.

3) No information that discloses or may disclose the introduction of an official, staff member, agency, or institution stipulated above shall be disclosed, even in judicial proceedings.

4) The following authority may impose the following sanction at each event of a violation of the provision of this section as follows:

(a) Regulator to fine up to one million rupees to the bank and financial institution or to the  casino,

(b) Regulator to fine up to two hundred thousand rupees to other designated non-financial businesses and professions,

(c) Reporting entity to take departmental action to its official or staff under their own laws,

(d) Notwithstanding whatever is written in the prevailing laws of service, the concerned authority to take departmental action against the Chief, investigation officer or staff of the Department or investigation officer pursuant to prevailing laws,

(e) Notwithstanding whatever is written in the prevailing laws of service, departmental action to the head and staff of the Financial Information Unit.