<table>
<tr>
                                            <td vAlign="top" align="left" width="1337" height="64">
                                              <div class="Section1">
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp; </font></p>
                                                <p class="Style" style="text-align: center">
                                                <font face="Arial"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
												Anti-Money Laundering Act, 2008&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
												Act&nbsp;749</b></font></p>
												<p class="Style" style="text-align: center">&nbsp;
                                                </p>
                                                <p class="Style" style="text-align: center">
                                                <b>
                                                <font face="Arial">ARRANGEMENT 
                                                OF SECTIONS </font></b></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial"><i>Section
                                                </i></font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial"><b><i>Money 
                                                laundering </i></b></font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -21.8pt; margin-left: 21.8pt">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp; 1.</font><span style="font-style: normal; font-variant: normal; font-weight: normal; font-family: Arial">&nbsp;</span><font face="Arial">Money 
                                                laundering </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -21.8pt; margin-left: 21.8pt">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp; 2.</font><span style="font-style: normal; font-variant: normal; font-weight: normal; font-family: Arial">&nbsp;</span><font face="Arial">Aiding 
                                                and abetting money laundering 
                                                activities </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -21.8pt; margin-left: 21.8pt">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp; 3.</font><span style="font-style: normal; font-variant: normal; font-weight: normal; font-family: Arial">&nbsp;</span><font face="Arial">Penalty for money laundering
                                                </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial"><b><i>
                                                Financial Intelligence Centre
                                                </i></b></font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -21.8pt; margin-left: 21.8pt">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp; 4.</font><span style="font-style: normal; font-variant: normal; font-weight: normal; font-family: Arial">&nbsp;</span><font face="Arial">Establishment of Financial 
                                                Intelligence Centre </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -4.55pt; margin-left: 4.55pt">
                                                <span style="font-family: Arial">
                                                &nbsp;&nbsp;&nbsp;
                                                5.</span><font face="Arial">Objects 
                                                of the Centre </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -4.55pt; margin-left: 4.55pt">
                                                <span style="font-family: Arial">
                                                &nbsp;&nbsp;&nbsp;
                                                6.</span><font face="Arial">Functions of the Centre </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -4.55pt; margin-left: 4.55pt">
                                                <span style="font-family: Arial">
                                                &nbsp;&nbsp;&nbsp;
                                                7.</span><font face="Arial">Governing body of the Centre
                                                </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -21.8pt; margin-left: 21.8pt">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp; 8.</font><font face="Arial">Functions of the Board on policy 
                                                formulation </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -21.8pt; margin-left: 21.8pt">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp; 9.</font><font face="Arial">Tenure 
                                                of office of members </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -22.55pt; margin-left: 22.55pt">
                                                <font face="Arial">&nbsp; 10.</font><font face="Arial">Meetings of the Board </font>
                                                </p>
                                                <p class="Style" style="text-align: justify; text-indent: -22.55pt; margin-left: 22.55pt">
                                                <font face="Arial">&nbsp; 11.</font><span style="font-style: normal; font-variant: normal; font-weight: normal; font-family: Arial">&nbsp;</span><font face="Arial">Disclosure of interest </font>
                                                </p>
                                                <p class="Style" style="text-align: justify; text-indent: -22.55pt; margin-left: 22.55pt">
                                                <font face="Arial">&nbsp; 12.</font><span style="font-style: normal; font-variant: normal; font-weight: normal; font-family: Arial">&nbsp;</span><font face="Arial">Committees of the Board </font>
                                                </p>
                                                <p class="Style" style="text-align: justify; text-indent: -22.55pt; margin-left: 22.55pt">
                                                <font face="Arial">&nbsp; 13.</font><span style="font-style: normal; font-variant: normal; font-weight: normal; font-family: Arial">&nbsp;&nbsp;</span><font face="Arial">Allowances </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial"><b><i>
                                                Administrative and financial 
                                                matters</i></b></font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp; 14.&nbsp;Appointment of Chief Executive 
                                                Officer</font></p>
                                                <p class="Style" style="text-align: justify; line-height: 12.0pt">
                                                <font face="Arial">&nbsp;&nbsp; 15&nbsp;&nbsp;&nbsp;Functions of the Chief Executive 
                                                Officer </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp; 16,&nbsp;&nbsp;Appointment of Deputy Chief 
                                                Executive Officer</font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp; 17.&nbsp;&nbsp;Appointment of other staff</font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp; 18.&nbsp; Funds 
                                                of the Centre</font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp; 19. 
                                                Accounts and audit</font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp; 20. Annual 
                                                repor1 and other reports </font>
                                                </p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial"><b><i>
                                                Accountable institutions, 
                                                records and information</i></b></font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp; 21.&nbsp; 
                                                Accountable institutions</font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp; 22&nbsp;&nbsp; Registration of accountable 
                                                institutions</font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp; 23.&nbsp; 
                                                &nbsp;Accountable institutions to 
                                                keep records</font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp; 24.&nbsp;&nbsp; Duration for keeping records</font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp; 25.&nbsp; Unauthorised access to computer 
                                                system or application data</font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp; 26.&nbsp; Unauthorised modification of 
                                                computer system</font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp; 27&nbsp; Duty 
                                                of operators of games of chance.
                                                </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp; 28. 
                                                Request for information </font>
                                                </p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp; 29. 
                                                Information held by supervisory 
                                                bodies and revenue agencies
                                                </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;30. 
                                                Suspicious transaction report
                                                </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp; 31. 
                                                Conducting transaction to avoid 
                                                giving rise to a reporting duty</font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;32.&nbsp;Protection against civil or 
                                                criminal liability </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;33. 
                                                Conveyance of currency to or 
                                                from the Country </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;34. 
                                                Electronic transfer of currency
                                                </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;35. 
                                                Reporting procedures </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;36. 
                                                Continuation of transactions
                                                </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;37 .Intervention by the Centre
                                                </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;38&nbsp; Monitoring orders </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;39. 
                                                Offences in relation to records 
                                                and information </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial"><b><i>
                                                Compliance </i></b></font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -23.75pt; margin-left: 23.75pt">
                                                <font face="Arial">&nbsp;&nbsp; 40.</font><span style="font-style: normal; font-variant: normal; font-weight: normal; font-family: Arial">&nbsp;</span><font face="Arial">Formulation and implementation 
                                                of internal rules&nbsp;&nbsp; </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -25.2pt; margin-left: 25.2pt">
                                                <font face="Arial">&nbsp;&nbsp; 41.</font><font face="Arial">Training and monitoring for 
                                                compliance&nbsp;&nbsp; </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -25.2pt; margin-left: 25.2pt">
                                                <font face="Arial">&nbsp;&nbsp; 42.</font><span style="font-style: normal; font-variant: normal; font-weight: normal; font-family: Arial">&nbsp;</span><font face="Arial">Referral of suspected offences 
                                                to investigating authorities and 
                                                other public bodies </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -25.2pt; margin-left: 25.2pt">
                                                <font face="Arial">&nbsp;&nbsp; 43.</font><font face="Arial">Responsibility for the 
                                                supervision of accountable 
                                                institutions </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -25.2pt; margin-left: 25.2pt">
                                                <font face="Arial">&nbsp; 44.</font><span style="font-style: normal; font-variant: normal; font-weight: normal; font-family: Arial">&nbsp;</span><font face="Arial">Offences in relation to 
                                                compliance </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial"><b><i>
                                                Miscellaneous provisions </i>
                                                </b></font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -25.9pt; margin-left: 25.9pt">
                                                <font face="Arial">&nbsp; 45.</font><span style="font-style: normal; font-variant: normal; font-weight: normal; font-family: Arial">&nbsp;</span><font face="Arial">Extraditable offence </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -25.2pt; margin-left: 25.2pt">
                                                <font face="Arial">&nbsp; 46.Trial 
                                                Court and proceedings </font>
                                                </p>
                                                <p class="Style" style="text-align: justify; text-indent: -25.2pt; margin-left: 25.2pt">
                                                <font face="Arial">&nbsp; 47.</font><font face="Arial">Freezing of transactions or 
                                                accounts </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -25.2pt; margin-left: 25.2pt">
                                                <font face="Arial">&nbsp; 48.</font><font face="Arial">Oath 
                                                of secrecy </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -25.2pt; margin-left: 25.2pt">
                                                <font face="Arial">&nbsp; 49</font><span style="font-style: normal; font-variant: normal; font-weight: normal; font-family: Arial">
                                                </span><font face="Arial">
                                                Co-operation by officers of 
												pubic agencies </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -25.2pt; margin-left: 25.2pt">
                                                <font face="Arial">&nbsp; 50.Regulations </font></p>
                                                <p class="Style" style="text-align: justify; text-indent: -25.2pt; margin-left: 25.2pt">
                                                <font face="Arial">&nbsp; 51.</font><font face="Arial">Interpretation </font></p>
                                                <p class="Style" style="text-align: justify">
                                                <font face="Arial"><b>SCHEDULE</b></font></div>
                                              <p>
                                              <span style="font-size: 12.0pt; font-family: Arial">
                                              <br clear="all" style="page-break-before: always">
                                              </span><font face="Arial">
                                              &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                                              <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>&nbsp;</font></p>
                                              <p class="Style" style="text-align: center">
                                              <font face="Arial"><b>ACT OF THE 
                                              PARLIAMENT OF THE REPUBLIC OF 
                                              GHANA</b></font></p>
                                              <p class="Style" style="text-align: center">
                                              <font face="Arial">ENTITLED</font></p>
                                              <p class="Style" style="text-align: center">
                                              <font face="Arial"><b>ANTI-MONEY 
                                              LAUNDERING ACT, 2008&nbsp;&nbsp; </b></font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">AN ACT to 
                                              prohibit money laundering, 
                                              establish a Financial Intelligence 
                                              Centre and to provide for related 
                                              matters. </font></p>
                                              <p class="Style" style="text-align: center">
                                              <font face="Arial"><b>DATE OF 
                                              ASSENT: <i>22nd January, 2008.</i></b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>ENACTED by 
                                              the President and Parliament:</b></font></p>
                                              <p class="Style" style="text-align: center">
                                              <font face="Arial"><i>Money 
                                              laundering</i></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Money 
                                              laundering </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">1. (1) A person 
                                              commits an offence of money 
                                              laundering if the person knows or 
                                              ought to have known that property 
                                              is or fom1s part of the proceeds 
                                              or unlawful activity and the 
                                              person </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>
                                              converts, conceals, disguises or 
                                              transfers the property. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>
                                              conceals or disguises the unlawful 
                                              origin of the properly. Or</font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&nbsp;<i>(c) </i>
                                              acquires, uses or takes possession 
                                              of the property. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) For the 
                                              purpose of this Act, unlawful 
                                              activity means conduct which 
                                              constitutes a serious offence, 
                                              financing of a terrorist act or 
                                              contravening on of a la w which 
                                              occurs after the commencement of 
                                              this Act whether the conduct 
                                              occurs in this country or 
                                              elsewhere. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Aiding: and 
                                              abetting money laundering 
                                              &nbsp;activities </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">2. A person 
                                              commits an offence if the person 
                                              knows or ought to have known that 
                                              another person has obtained 
                                              proceeds from an unlawful activity 
                                              &nbsp;and enters into an agreement with 
                                              that other person or engages in a 
                                              transaction where </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>the 
                                              retention or the control by or on 
                                              behalf of that other person of the 
                                              proceeds from unlawful activity is 
                                              facilitated, or </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>the 
                                              proceeds from that unlawful 
                                              activity are used to make funds 
                                              available to acquire propel1y on 
                                              behalf of that other person,
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">Penalty for 
                                              money laundering </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">3. A person who 
                                              contravenes section l or 2 commits 
                                              an offence and is liable on 
                                              summary conviction to a fine of 
                                              not more than five thousand 
                                              penalty units or to a term of 
                                              imprisonment of not less than 
                                              twelve months and not more than 
                                              ten years or to both, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>Financial 
                                              Intelligence Centre</i></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>
                                              Establishment of Financial 
                                              Intelligence Centre </b></font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">4. (1) There is 
                                              established by this Act a body to 
                                              be known as the Financial 
                                              Intelligence Centre, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) The Centre 
                                              is a body corporate with perpetual 
                                              succession and a common seal and 
                                              may sue and be sued in its 
                                              corporate name. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) The Centre 
                                              may for the performance of its 
                                              functions acquire and hold movable 
                                              and immovable propel1y and may 
                                              enter into a contract or any other 
                                              transaction. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Objects of 
                                              the Centre </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">5. The objects 
                                              of the Centre are to </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>
                                              assist in the identification of 
                                              proceeds of unlawful activity and 
                                              the combat of money laundering 
                                              activities; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">( <i>b) </i>
                                              make information available to 
                                              investigating authorities. the 
                                              intelligence agencies and the 
                                              revenue agencies&quot;:, to facilitate 
                                              the administration and enforcement 
                                              of the laws of the Republic; and
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>
                                              exchange information with similar' 
                                              bodies in other countries as 
                                              regards money laundering 
                                              activities and similar offences.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Functions of 
                                              the Centre </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">6. To achieve 
                                              the objects, the Centre shall
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(a)&nbsp; process, 
                                              analyse. disseminate and interpret 
                                              information disclosed to or obtain 
                                              by the centre in terms of this Act</font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>&nbsp;(b) </i>
                                              retain the information in the 
                                              manner and for the period required 
                                              under this Act: </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>&nbsp;(c) </i>
                                              inform, advise and co-operate with 
                                              investigating authorities, 
                                              supervisory bodies, the revenue 
                                              agencies, the intelligence 
                                              agencies and foreign counterparts; 
                                              and </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(d) </i>
                                              monitor and give guidance to 
                                              accountable instillations, 
                                              supervisory bodies and other 
                                              persons on the discharge of their 
                                              duties and in compliance with this 
                                              Act. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Governing 
                                              body of the Centre </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">7&nbsp; The 
                                              governing body of the Centre is a 
                                              Board consisting of </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>one 
                                              representative each from: </font>
                                              </p>
                                              <p class="Style" style="text-align: justify; margin-left: 36.0pt">
                                              <font face="Arial">(i) the 
                                              Ministry of Finance not below the 
                                              rank of director, </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 36.0pt">
                                              <font face="Arial">(ii) the 
                                              Ministry responsible for National 
                                              Security not below the rank of 
                                              director, </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 36.0pt">
                                              <font face="Arial">(iii) ?'the 
                                              Bank of Ghana not below the rank 
                                              of director; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>one 
                                              senior police officer not below 
                                              the rank of Assistant Commissioner 
                                              nominated by the Minister for the 
                                              Interior; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>the 
                                              Chief Executive Officer, </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(d) </i>one 
                                              lawyer in private practice with at 
                                              least tell years experience 
                                              nominated by the Attorney-General 
                                              and Minister for Justice, on the 
                                              advice of the Ghana Bar 
                                              Association, and </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(e) </i>one 
                                              other person from the private 
                                              sector with accounting, banking 
                                              and finance experience nominated 
                                              by the Minister. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) The 
                                              President shall appoint the 
                                              chairperson and the other members 
                                              of the Board in accordance w;[h 
                                              ar1ic1e 70 of [he Constitution.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Functions of 
                                              the Board on policy formulation
                                              </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">8. The Board 
                                              shall formulate and ensure the 
                                              implementation of policies 
                                              neces­sary for the achievement of 
                                              the objects of the Centre. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Tenure of 
                                              office of members </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">9. (1) A member 
                                              of the Board other than the Chief 
                                              Executive Officer shall hole! 
                                              office for a period of four years 
                                              and is eligible for 
                                              re-appointment, but a member shall 
                                              not be appointed for more than two 
                                              terms. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) \\There a 
                                              member of the Board resigns, dies, 
                                              is removed from office or is for a 
                                              sufficient reason unable to act as 
                                              a member, the Minister shall 
                                              notify the President of the 
                                              vacancy and the President shall, 
                                              in accordance with article 70 of 
                                              the Constitution, appoint another 
                                              person to hold office for the 
                                              unexpired portion of the members 
                                              term of &nbsp;office. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) A member of 
                                              the &nbsp;Board other than the Chief 
                                              Executive Officer may at any time 
                                              resign from office in writing 
                                              addressee! to the President 
                                              through the Minister. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&nbsp;(4) A member 
                                              of the Board who is absent from 
                                              three consecutive meetings of the 
                                              Board without sufficient cause 
                                              ceases to be a member of the 
                                              Board. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(5) The 
                                              President, by a letter addressed 
                                              to a member </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>may 
                                              revoke the appointment of that 
                                              member where there are sufficient 
                                              grounds for the revocation; and
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>
                                              shall revoke the appointment of a 
                                              member at the request of the 
                                              nominating body. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Meetings of 
                                              the Board </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>10. </b>(1) 
                                              The Board shall meet at least once 
                                              every three months for the 
                                              despatch of business at the times 
                                              and in the places determined by 
                                              the chairperson. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) The 
                                              chairperson shall at the request 
                                              of not less than three of the 
                                              members of the Board convene an 
                                              extraordinary meeting of the' 
                                              Board at the place and time 
                                              determined by the chairperson.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) The quorum 
                                              at a meeting of the Board is 
                                              three. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(4) The 
                                              chairperson shall preside at 
                                              meetings of the Board and in the 
                                              absence of the chairperson, a 
                                              member of the Board elected by the 
                                              members from among their number 
                                              shall preside. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(5) Matters 
                                              before the Board shall be decided 
                                              by a majority of the members 
                                              present and voting and in the 
                                              event of equality of votes, the 
                                              person presiding shall have a 
                                              casting vote. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(6) The Board 
                                              may co-opt a person to attend a 
                                              Board meeting but that person 
                                              shall not vote on a matter for 
                                              decision at the meeting. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(7) The 
                                              proceedings of the Board shall not 
                                              be invalidated by reason of a 
                                              vacancy among the members or a 
                                              defect in the appointment or 
                                              qualification of a member. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(8) Subject to 
                                              this section, the Board may 
                                              detem1ine the procedure for its 
                                              meetings. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Disclosure 
                                              of interest </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>11. </b>(1) 
                                              A member of the Board who has an 
                                              interest in a matter for 
                                              consideration by the Board shall 
                                              disclose in writing the nature of 
                                              that interest and is disqualified 
                                              from participating in the 
                                              deliberations of the Board in 
                                              respect of that matter. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) Where a 
                                              member contravenes sub section (1) 
                                              the chairperson shall notify the 
                                              Minister who shall inform the 
                                              President to revoke the 
                                              appointment of the member. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Committee of 
                                              the Board </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">12. (1) The 
                                              Board may constitute committees 
                                              consisting of members of the Board 
                                              or non-members or both, to perform 
                                              a function of the Board. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) A committee 
                                              of the Board may be chaired by a 
                                              member of the Board. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) Section 11 
                                              applies to a member of a committee 
                                              of the Board. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Allowances
                                              </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">13. Members of 
                                              the Board and members of a 
                                              committee of the Board shall be 
                                              paid allowances approved by the 
                                              Minister. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>
                                              Administrative and financial 
                                              matters </i>Appointment of Chief 
                                              Executive Officer </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">14. (1) The 
                                              President shall. in accordance 
                                              with article 195 of the 
                                              Constitution, appoint a Chief 
                                              Executive Officer for the Centre.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) The Chief 
                                              Executive Officer shall hold 
                                              office on the terms and conditions 
                                              specified in the letter of 
                                              appointment. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Functions of 
                                              the Chief Executive Officer </b>
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">15. (1) The 
                                              Chief Executive Officer is 
                                              responsible for the day to day 
                                              adminis­tration of the Centre and 
                                              is answerable to the Board in the 
                                              performance of functions under 
                                              this Act. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) The Chief 
                                              Executive Officer may delegate a 
                                              function to the Deputy Chief 
                                              Executive Officer but the Chief 
                                              Executive Officer shall not be 
                                              relieved of the ultimate 
                                              responsibility for the performance 
                                              of the delegated function. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Appointment 
                                              of Deputy Chief Executive Officer
                                              </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">16. (1) The 
                                              President shall, in accordance 
                                              with article 195 of the 
                                              Constitution, appoint a Deputy 
                                              Chief Executive Officer for the 
                                              Centre. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) In the 
                                              absence of the Chief Executive 
                                              0lficer, the Deputy Chief 
                                              Executive Officer shall perform 
                                              the functions of the Chief 
                                              Executive Officer. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Appointment 
                                              of other staff </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">17. (I) The 
                                              President shall in accordance with 
                                              artic Ie 195 of the Constitution, 
                                              appoint other staff of the Centre 
                                              that are necessary for the proper 
                                              and effective performance of the 
                                              functions of the Centre, </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) Other 
                                              public officers may be transferred 
                                              or seconded to the Centre or may 
                                              otherwise give assistance to the 
                                              Centre. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) The Centre 
                                              may engage the services of 
                                              consultants on the recommen­dation 
                                              or the Board. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(4) The Chief 
                                              Executive Deputy Chief Executive 
                                              and staff&nbsp; of the centre shall be 
                                              subject to sedulity screening.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Funds of' 
                                              the Centre </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">I8. The funds 
                                              of the Centre shall include </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>
                                              moneys approved by Parliament
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&nbsp;(b) donations. 
                                              grants. and </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>any 
                                              other moneys that are approved&nbsp; by 
                                              the Minister responsible for 
                                              Finance &nbsp;</font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Accounts and 
                                              audit </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>19. </b>(1) 
                                              The Board shall keep books of 
                                              account and proper records in 
                                              relation to the Centre in the form 
                                              approved by the Auditor-General.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) The Board 
                                              shall, within three months after 
                                              the end of the financial year, 
                                              submit the accounts of the Centre 
                                              to the Auditor-General for audit.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) The 
                                              Auditor-General shall, not later 
                                              than three months, after the 
                                              receipt of the accounts, audit the 
                                              accounts and forward a copy of the 
                                              audit report to the Board. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(4) The 
                                              Internal Audit Agency Act, 2003 
                                              (Act 658) applies to this Act. <i>
                                              (S) </i>The financial year of the 
                                              Centre is the same as the 
                                              financial year of the Government.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Annual 
                                              report and other reports </b>
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>20. </b>(1) 
                                              The Board shall, within one month 
                                              after the receipt of the audit 
                                              report, submit an annual report to 
                                              the Minister covering the 
                                              activities and operations of the 
                                              Centre for the year of which the 
                                              report relates. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) The annual 
                                              rep0l1 shall include the 
                                              Auditor-General's report. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) The 
                                              Minister shall, within one month 
                                              after the receipt of the annual 
                                              rep0l1, submit the report to 
                                              Parliament with a statement that 
                                              the Minister considers necessary.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(4) The Board 
                                              shall also submit to the Minister 
                                              any other report which the 
                                              Minister may require in writing.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>Accountable 
                                              institutions, records and 
                                              information </i></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Accountable 
                                              institutions </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>21. </b>(1) 
                                              For the purposes of this Act 
                                              accountable institutions are as 
                                              set out in the First Schedule.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) The 
                                              Minister may by Legislative 
                                              Instrument amend the First 
                                              Schedule. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Register of 
                                              accountable institutions </b>
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>22. </b>(l) 
                                              Each supervisory body shall 
                                              furnish the Centre with a list of 
                                              account­able institutions which 
                                              are registered with it. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(2) The 
                                              Centre shall allocate to each 
                                              registered accountable institution 
                                              a number for identification 
                                              purposes. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) The 
                                              Centre shall maintain a register 
                                              of accountable institutions.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Accountable 
                                              institutions to keep records </b>
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">23. (1) An 
                                              accountable institution that 
                                              establishes a business 
                                              relationship with a </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">person shall 
                                              keep records of </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>the 
                                              identity of the person or the 
                                              agent of the person; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>
                                              transaction made through the 
                                              accountable institution, and <i>
                                              (c) </i>suspicious transactions 
                                              reports made to the Centre. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) For the 
                                              purposes of this Act records may 
                                              be kept on a computer system or an 
                                              electronic device capable of being 
                                              used to store information. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) This 
                                              section applies to each single 
                                              transaction with an accountable 
                                              institution. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Duration for 
                                              keeping records </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">24. (1) An 
                                              accountable institution shall keep 
                                              the records for </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>not 
                                              less than six years after the date 
                                              on which a relationship is 
                                              terminated in case of a business 
                                              relationship, or </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>not 
                                              less than six years after the date 
                                              a transaction is concluded. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) An 
                                              accountable institution may 
                                              appoint a person to keep records 
                                              on behalf of the accountable 
                                              institution. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) An 
                                              accountable institution that 
                                              appoints a per~ on to keep records 
                                              on its behalf shall inform the 
                                              Centre of the appointment in 
                                              wrighting. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(4) At the end 
                                              of the six year period, the 
                                              account .the institution shall 
                                              send the records to the Public 
                                              Records and Archives 
                                              Administration DepaI1ment. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Unauthorised 
                                              access to computer system or 
                                              application data </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">25. A person 
                                              shall not </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>
                                              access a computer system, </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>
                                              access application data held in a 
                                              computer system, or </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>
                                              cause a computer system </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">that belongs 
                                              to, or is under the control of the 
                                              Centre or an accountable 
                                              institution to perform or fail to 
                                              perform a function without the 
                                              consent of the Centre or the 
                                              accountable institution. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Unauthorised 
                                              modification of computer system
                                              </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">26. A person 
                                              shall not </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>
                                              modify, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>
                                              erase, or </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">( c) destroy
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">the contents of 
                                              a computer system or application 
                                              data of a computer system that 
                                              belongs to the Centre or an 
                                              accountable institution without 
                                              the consent of the Centre or the 
                                              accountable institution. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Duty of 
                                              operators of games of chance </b>
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>27. </b>(1) 
                                              The Gaming Commissioner shall not 
                                              issue or renew a licence for the 
                                              operation of a game of chance 
                                              under the Gaming Act, 2006 (Act 
                                              721) unless the applicant for the 
                                              licence or renewal provides proof 
                                              of the lawful origin of the 
                                              capital for the intended operation 
                                              or in the case of a renewal, the 
                                              origin of its additional capital 
                                              to the Games Commissioner. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) A betting 
                                              or gaming operator shall </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>
                                              verify the identity of a person 
                                              who buys or exchanges chips or 
                                              tokens, by requesting the person 
                                              to present an authentic document 
                                              bearing the name and address of 
                                              the person; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>keep 
                                              records of gaming transactions in 
                                              chronological order in a register 
                                              indicating </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(i) the nature 
                                              and amount of currency involved in 
                                              each transaction, and </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(ii) the full 
                                              name and address of the person in 
                                              a register in a form authorised by 
                                              the Centre. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) The 
                                              register shall be preserved for at 
                                              least six years after the last 
                                              re­corded transaction in the 
                                              register and after the six year 
                                              period, the register shall be sent 
                                              to the Public Records and Archives 
                                              Administration Department. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Request for 
                                              information </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>28. </b>(1) 
                                              The Centre or an authorised 
                                              representative of the Centre may 
                                              request an accountable institution 
                                              to disclose whether </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>a 
                                              person is or has been a client of 
                                              the accountable institution,
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">( <i>b) </i>a 
                                              person is acting or has acted on 
                                              behalf of a client of the 
                                              accountable institution, or </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>a 
                                              client of the accountable 
                                              institution is acting or has acted 
                                              on behalf of another person </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">and the 
                                              accountable institution shall 
                                              comply. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) The Centre 
                                              may request further information 
                                              where the Centre is of the opinion 
                                              that the information given to the 
                                              Centre is not adequate. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Information 
                                              held by supervisory bodies and 
                                              revenue agencies </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>29. </b>(1) 
                                              Where a supervisory body or a 
                                              revenue agency becomes aware or 
                                              believes that an accountable 
                                              institution, as a result of a 
                                              transaction concluded by or with 
                                              the accountable institution,
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>has 
                                              received or is about to receive 
                                              the proceeds of unlawful activity, 
                                              or </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&nbsp;( <i>b) </i>
                                              has been used or may be used for 
                                              money laundering or a suspicious 
                                              transaction, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">the supervisory 
                                              body or revenue agency shall 
                                              advise the Centre of the fact and 
                                              furnish the Centre with the 
                                              information and records in respect 
                                              of the knowledge or suspicion 
                                              which the Centre may reasonably 
                                              require. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) Where the 
                                              Centre believes that a supervisory 
                                              body or revenue agency may have 
                                              information indicating that an 
                                              accountable institution </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>is 
                                              about to receive the proceeds of 
                                              unlawful activity as a result of a 
                                              transaction, or </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>has 
                                              been used or may be used for money 
                                              laundering or for the purpose
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">of any 
                                              suspicious transaction, </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">the Centre may 
                                              request the supervisory body or 
                                              revenue agency to confirm or rebut 
                                              the belief and the supervisory 
                                              body or revenue agency shall 
                                              comply. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Suspicious 
                                              transaction report </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>30. </b>(1) 
                                              A person who or an institution 
                                              which knows or suspects that
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>a 
                                              business entity, an accountable 
                                              institution or a trust has 
                                              received or is about to receive 
                                              the proceeds of unlawful activity, 
                                              or </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>a 
                                              transaction to which the business 
                                              entity is a part </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(i) facilitated 
                                              or is likely to facilitate the 
                                              transfer of the proceeds of 
                                              unlawful activity, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(ii) has no 
                                              apparent business or lawful 
                                              purpose, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(iii) is 
                                              conducted to avoid or give rise to 
                                              a reporting duty under this Act,
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(iv) may be 
                                              relevant to an investigation into 
                                              tax evasion or an attempt to evade 
                                              the payment of tax, duty or a levy 
                                              imposed by legislation, or </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(v) has been 
                                              used or is about to engage in 
                                              money laundering, shall within 
                                              twenty four hours after the 
                                              knowledge or the ground for 
                                              suspicion of the transaction 
                                              submit a suspicious transaction 
                                              report to the Centre. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) Where a 
                                              person suspects a transaction to 
                                              be linked to or used for the 
                                              financing of a terrorist act as 
                                              defined by law, the person shall 
                                              make a report to the Centre within 
                                              twenty four hours of the 
                                              suspicion. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) A person 
                                              who makes a suspicious transaction 
                                              report shall not <i>(a) </i>
                                              disclose the contents to another 
                                              person, or </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>
                                              reveal the personal details of the 
                                              officer of the Centre who receives 
                                              the report to another person.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(4) A person 
                                              who receives a suspicious 
                                              transaction report shall not
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>
                                              disclose the contents of the 
                                              report to a person not authorised 
                                              to know the contents of the 
                                              report, or </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>&nbsp;(b) </i>
                                              disclose the personal details of 
                                              the person who made the report to 
                                              another person. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(5) A person 
                                              who makes a suspicious transaction 
                                              report shall disclose the contents 
                                              where </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>the 
                                              person is required by law to 
                                              disclose the contents, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>it 
                                              is to carry out the provisions of 
                                              this Act, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>it 
                                              is for legal proceedings, or
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(d) </i>it 
                                              is by an order of a Court. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Conducting 
                                              transaction to avoid giving rise 
                                              to a reporting duty </b></font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>31. </b>A 
                                              person shall not conduct two or 
                                              more transactions separately with 
                                              one or more than one accountable 
                                              institution so as to avoid the 
                                              duty to report a transaction or in 
                                              breach of the duty to disclose 
                                              information under this Act. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Protection 
                                              against civil or </b>criminal 
                                              liability </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>32. </b>A 
                                              person who makes a suspicious 
                                              transaction report under section 
                                              30 is not liable for the breach of 
                                              a restriction on disclosure of 
                                              information imposed by con­tract 
                                              or by any law if the person 
                                              reports the suspicion to the 
                                              Centre in good faith. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Conveyance 
                                              of currency to or from the country
                                              </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>33. </b>(1) 
                                              A person who intends to convey 
                                              currency that exceeds the amount 
                                              prescribed by the Bank of Ghana to 
                                              or from this country shall declare 
                                              the particu­lars of the currency 
                                              and the amount to be conveyed to 
                                              the Bank of Ghana or its 
                                              authorised agent at the port of 
                                              entry or exit. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) A person 
                                              authorised to receive the 
                                              declaration shall immediately on 
                                              receipt of the declaration send a 
                                              copy to the Centre. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) The 
                                              declaration shall be made in 
                                              accordance with the Foreign 
                                              Exchange Act, 2007 (Act 723) and 
                                              Regulations made under that Act.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Electronic 
                                              transfer of currency </b></font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>34. </b>
                                              Where an accountable institution 
                                              through electronic means and in 
                                              accor­dance with the Foreign 
                                              Exchange Act, 2007 (Act 723) and 
                                              Regulations made under that Act,
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>
                                              transfers currency outside the 
                                              country, or <i>(b) </i>receives 
                                              currency from outside the country
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">which exceeds 
                                              the amount prescribed by the Bank 
                                              of Ghana, the accountable 
                                              institution shall within 
                                              twenty-four hours after the 
                                              transfer or receipt of the 
                                              currency, report the particulars 
                                              of the transfer or receipt to the 
                                              Centre. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Reporting 
                                              procedures </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>35. </b>(1) 
                                              A report to the Centre on the 
                                              conveyance of currency and the 
                                              elec­tronic transfer of currency 
                                              by an accountable institution 
                                              shall be made in a manner 
                                              prescribed. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(2) The 
                                              Centre or an authorised officer, 
                                              may request an accountable 
                                              insti­tution that has made a 
                                              report to furnish the Centre or 
                                              body with additional informa­tion 
                                              concerning the report. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Continuation 
                                              of transactions </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>36. </b>(1) 
                                              An accountable institution 
                                              required to make a report to the 
                                              Centre may continue to carry out 
                                              the transaction in respect of 
                                              which the report is required to be 
                                              made but shall inform the Centre.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) The 
                                              Centre may within three days, 
                                              direct an accountable institution 
                                              or a person not to proceed with a 
                                              transaction on which a report has 
                                              been made. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Intervention 
                                              by the Centre </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>37. </b>
                                              Where the Centre after consulting 
                                              an accountable institution, or a 
                                              person required to make a report, 
                                              has reasonable grounds to suspect 
                                              that a transaction or proposed 
                                              transaction may involve the 
                                              proceeds of unlawful activity or 
                                              may constitute money laundering, 
                                              the Centre may direct the 
                                              accountable institution or person 
                                              to </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>&nbsp;(a) </i>
                                              make the necessary inquiries 
                                              concerning the transaction, or
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&nbsp;<i>(b) </i>
                                              inform and advise an investigating 
                                              authority, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">where the 
                                              Centre considers it appropriate.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Monitoring 
                                              orders </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>38. </b>(1) 
                                              A Court may, on written 
                                              application by the Centre, make a 
                                              monitoring order requesting an 
                                              accountable institution to make a 
                                              report to the Centre. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) The order 
                                              may request that transactions 
                                              conducted by a specified person 
                                              with an accountable institution 
                                              and transactions conducted in 
                                              respect of a specified account or 
                                              facility at the accountable 
                                              institution shall be reported if 
                                              there are reasonable grounds to 
                                              suspect that </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>that 
                                              person has transferred or may 
                                              transfer the proceeds of unlawful 
                                              activity through the accountable 
                                              institution or is using or may use 
                                              the accountable institution for 
                                              money laundering, and </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>the 
                                              account or other facility has 
                                              received or may receive &nbsp;the 
                                              proceeds of unlawful activity or 
                                              is being or may be used for money 
                                              laundering purposes. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) The order 
                                              lapses after three months except 
                                              that before the expiry of the 
                                              three months an application may be 
                                              made to the Court to extend the 
                                              order for a period of not more 
                                              than three months at a time if
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>the 
                                              grounds on which the order is 
                                              based still exists, and </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>the 
                                              Court is satisfied that the 
                                              interest of justice may best be 
                                              served by monitoring the person, 
                                              account or facility referred to in 
                                              subsection (1) and in the manner 
                                              provided for in this section.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&nbsp;(4) An 
                                              application under this section 
                                              shall be made by one party without 
                                              notice to the other. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Offences in 
                                              relation to records and 
                                              information </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>39. </b>(1) 
                                              A person who without reasonable 
                                              excuse </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial"><i>(a) </i>
                                              fails to keep records, contrary to 
                                              section 23; </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial"><i>(b) </i>
                                              accesses a computer system, 
                                              application data held in a 
                                              computer system or causes a 
                                              computer system that belongs to or 
                                              is under the control of the Centre 
                                              or an accountable institution to 
                                              fail to perform contrary to 
                                              section 25; </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial"><i>(c) </i>
                                              modifies a computer system 
                                              contrary to section 26;</font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial">&nbsp;<i>(d) </i>
                                              fails to comply with section 27 
                                              (2); </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial">( <i>e) </i>
                                              fails to or refuses to advise the 
                                              Centre or an authorised 
                                              representative of the Centre of a 
                                              client contrary to section 28;
                                              </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial"><i>(f) </i>
                                              fails to report a suspicious 
                                              transaction contrary to section 
                                              30; </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial"><i>(g) </i>
                                              fails to protect the identity of 
                                              the officer of the Centre who 
                                              receives the report contrary to 
                                              section 30; </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial"><i>(h) </i>
                                              fails to protect the identity of a 
                                              person who makes a suspicious 
                                              transaction report contrary to 
                                              section 30; </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial">(<i>i) </i>
                                              conducts transactions in a manner 
                                              to avoid a reporting duty contrary 
                                              to section 31; </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial"><i>(j) </i>
                                              fails to give notice of the 
                                              conveyance of currency within, to 
                                              or from the Republic contrary to 
                                              section 33; </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial"><i>(k) </i>
                                              fails to inform the Centre of the 
                                              electronic transfer of currency 
                                              contrary to section 34; </font>
                                              </p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial"><i>(I) </i>
                                              fails to furnish the Centre with 
                                              additional information contrary to 
                                              section 35; </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial"><i>(m) </i>
                                              fails to comply with a direction 
                                              of the Centre and proceeds with a 
                                              transaction contrary to section 
                                              37; or </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 27.0pt">
                                              <font face="Arial"><i>(n) </i>
                                              fails to comply with a monitoring 
                                              order contrary to section 38, 
                                              commits an offence and is liable 
                                              on summary conviction to a fine of 
                                              not more than fi ve hundred 
                                              penalty units or to a term of 
                                              imprisonment of not more than 
                                              three years or to both. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) Where the 
                                              offence is committed by a company 
                                              or a body of persons the penalty 
                                              shall be a fine of not more than 
                                              one thousand penalty units, and
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>in 
                                              the case of a body corporate, 
                                              other than a partnership, each 
                                              director or an officer of the body 
                                              is considered to have committed 
                                              the offence; and </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>in 
                                              the case of a partnership, each 
                                              partner or officer of that body is 
                                              considered to have committed that 
                                              offence. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&nbsp;(3) A person 
                                              shall not be convicted of an 
                                              offence under subsection (2), if 
                                              the person proves that the offence 
                                              was committed without the person's 
                                              knowledge or connivance and that 
                                              the person exercised due care and 
                                              diligence to prevent the 
                                              commission of the offence having 
                                              regard to all the circumstances.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(4) The court 
                                              shall in addition to the penalty, 
                                              refer the matter to the Bank of 
                                              Ghana for administrative sanction 
                                              where the offence is committed by 
                                              a bank. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(5) A court 
                                              shall refer the conviction of an 
                                              accountable institution to the 
                                              supervisory body concerned for 
                                              administrative sanction </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>Compliance
                                              </i></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Formulation 
                                              and implementation of internal 
                                              rules </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>40. </b>(1) 
                                              An accountable institution shall 
                                              in consultation with the Centre 
                                              formulate and implement internal 
                                              rules concerning </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>the 
                                              establishment and verification of 
                                              the identity of persons whom the 
                                              institution is required to 
                                              identify, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">( <i>b) </i>
                                              information of which records must 
                                              be kept, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>the 
                                              manner in which and the place at 
                                              which the records must be kept,
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(d) </i>the 
                                              steps to be taken to determine 
                                              when a transaction is reportable, 
                                              and <i>(e) </i>other matters that 
                                              an institution may determine.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) An 
                                              accountable institution shall make 
                                              its internal rules available to 
                                              its employees involved in dealing 
                                              with transactions to which this 
                                              Act applies. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) An 
                                              accountable institution shall, on 
                                              request, make a copy of its 
                                              internal rules available to </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>the 
                                              Centre, and </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">( <i>b) </i>a 
                                              supervisory body which performs 
                                              regulatory or supervisory 
                                              functions over that accountable 
                                              institution. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(4) An 
                                              accountable institution shall 
                                              ensure that the foreign branches 
                                              and subsidiaries of the 
                                              accountable institution observe 
                                              the rules consistent with a 
                                              subsidiary company of the 
                                              accountable institution registered 
                                              in the Republic. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Training and 
                                              monitoring for compliance </b>
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>41. </b>An 
                                              accountable institution shall
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>
                                              train its employees on the 
                                              provisions of this Act and the 
                                              internal rules, and </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>
                                              appoint a compliance officer to 
                                              ensure observance </font></p>
                                              <p class="Style" style="text-align: justify; margin-left: 36.0pt">
                                              <font face="Arial">(i) of the 
                                              provisions of this Act and the 
                                              internal rules by the employees of 
                                              the &nbsp;accountable institution, and
                                              </font></p>
                                              <p class="Style" style="text-align: justify; text-indent: 36.0pt">
                                              <font face="Arial">(ii) of the 
                                              obligations under this Act by the 
                                              accountable institution. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Referral of 
                                              suspected offences to 
                                              investigating authorities and 
                                              other public bodies </b></font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>42. </b>
                                              Where the Centre has reasonable 
                                              grounds to suspect that an 
                                              accountable institution or a 
                                              person other than a supervisory 
                                              body subject to the provisions of 
                                              this Act, has contravened or 
                                              failed to comply with a provision 
                                              of this Act or a rule </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">or guideline 
                                              applicable to the accountable 
                                              institution or person which 
                                              facilitates compliance with this 
                                              Act, the Centre shall refer the 
                                              matter to </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>the 
                                              relevant investigating authority, 
                                              or </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>an 
                                              appropriate supervisory body, a 
                                              public body or other authority 
                                              affected by the contravention or 
                                              non-compliance, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">together with 
                                              recommendations considered 
                                              appropriate by the Centre. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>
                                              Responsibility for the supervision 
                                              of accountable institutions </b>
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>43. </b>(1) 
                                              Where the Centre refers a matter 
                                              to a supervisory body, public body 
                                              or authority, the supervisory 
                                              body, public body or authority 
                                              shall investigate the matter and 
                                              may after consultation with the 
                                              Centre take steps to remedy the 
                                              matter. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) Where the 
                                              supervisory body, public body or 
                                              an authority fails to take steps 
                                              to remedy the matter, the Centre 
                                              may in consultation with the 
                                              supervisory Body, public body or 
                                              authority take steps to remedy the 
                                              matter. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Offences in 
                                              relation to compliance </b></font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>44. </b>An 
                                              accountable institution, which 
                                              fails to </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>
                                              formulate and implement internal 
                                              rules contrary to section 40, or
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">( <i>b) </i>
                                              provide training or appoint a 
                                              compliance officer contrary to 
                                              section 41, commits an offence and 
                                              is liable on summary conviction to 
                                              a fine of not more than five 
                                              hundred penalty units. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>
                                              Miscellaneous provisions</i></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Extraditable 
                                              offence </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>45. </b>
                                              Money laundering and terrorist 
                                              financing are extraditable 
                                              offences under the Extradition 
                                              Act, 1960 (Act 22). </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Trial court 
                                              and proceedings </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>46. </b>(1) 
                                              The High Court and Circuit Court 
                                              have jurisdiction to try an 
                                              offence under this Act. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) In a trial 
                                              for an offence under this Act, the 
                                              accused person may be presumed to 
                                              have unlawfully obtained pecuniary 
                                              resources or property in the 
                                              ab­sence of evidence to the 
                                              contrary if the accused person,
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>is 
                                              in possession of pecuniary 
                                              resources or a property for which 
                                              the accused cannot account and 
                                              which is disproportionate to the 
                                              accused person's known sources of 
                                              income, or </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>&nbsp;(b) </i>had 
                                              at the time of the alleged offence 
                                              obtained access to personal 
                                              pecuniary resources or property 
                                              for which the accused cannot 
                                              satisfactorily account. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Freezing </b>
                                              of transactions <b>or accounts </b>
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>47. </b>(1) 
                                              The Centre shall not investigate 
                                              serious offences but where the 
                                              Chief Executive Officer is of the 
                                              opinion that it is necessary to 
                                              freeze a transaction or an account 
                                              to prevent money laundering, the 
                                              Chief Executive Officer may direct 
                                              the freez­ing of a transaction or 
                                              account of any accountable 
                                              institution. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) The Chief 
                                              Executive Officer shall apply to a 
                                              court within seven days after 
                                              freezing a transaction or account 
                                              for confirmation of the action 
                                              taken and the court may confirm 
                                              the freezing on conditions or 
                                              direct the de-freezing of the 
                                              transaction or account. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) Where a 
                                              transaction or account has been 
                                              frozen, the person affected shall 
                                              be notified by the Chief Executive 
                                              Officer within forty-eight hours 
                                              of the freezing of the transaction 
                                              or account and the person affected 
                                              may seek redress from court.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Oath of 
                                              secrecy </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>48. </b>(1) 
                                              A person </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>
                                              appointed to an office, </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>
                                              appointed to act in an office, or
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>
                                              authorised to perform a function,
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">under this Act 
                                              shall swear the oath of secrecy 
                                              set out in the Second Schedule 
                                              before assuming office or before 
                                              performing the function under this 
                                              Act. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) A person 
                                              specified under subsection (1) 
                                              shall not disclose information
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">obtained by the 
                                              Centre under this Act from which a 
                                              person can be identified except <i>
                                              (a) </i>to enable the Centre carry 
                                              out its functions, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>for 
                                              the prevention or detection of an 
                                              offence, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">( c) in 
                                              connection with the discharge of 
                                              an obligation under an 
                                              international agreement, </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(d) </i>to 
                                              comply with a court order, or
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(e) as 
                                              otherwise provided under any other 
                                              law. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(3) A person 
                                              who contravenes this section 
                                              commits an offence and is liable 
                                              on summary conviction to a fine of 
                                              not more than five hundred penalty 
                                              units or to a term of imprisonment 
                                              of not more than three years or to 
                                              both. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Co-operation 
                                              by officers of public agencies </b>
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>49. </b>(1) 
                                              An officer of a public agency 
                                              shall co-operate with officers of 
                                              the Centre in the performance of 
                                              the functions of the officers of 
                                              the Centre under this Act. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) A public 
                                              officer who refuses or fails 
                                              without reasonable cause to 
                                              co­operate with an authorised 
                                              officer of the Centre commits an 
                                              offence and is liable on summary 
                                              conviction to a fine of not more 
                                              than fifty penalty units or to a 
                                              term of imprisonment of not more 
                                              than three months or to both.
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>Regulations
                                              </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>50. </b>(1) 
                                              The Minister, on the 
                                              recommendations of the Board, 
                                              shall by legislative instrument 
                                              make Regulations </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>to 
                                              add to or vary the list of 
                                              accountable institutions; </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>on 
                                              the records to be kept and 
                                              retained by financial institutions 
                                              and accountable institutions;
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>on 
                                              the format of suspicious 
                                              transactions reports; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(d) </i>for 
                                              the rules and directives for 
                                              accountable institutions to 
                                              identify clients for the purposes 
                                              of this Act; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">( <i>e) </i>on 
                                              the form of reports and other 
                                              documentation required under this 
                                              Act; and </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(f) </i>
                                              generally for the effective 
                                              implementation of this Act. </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(2) Despite the 
                                              Statutory Instruments Act, 1959 
                                              (No. 52) as amended, the penalty 
                                              for contravention of Regulations 
                                              shall be a fine of not more than 
                                              two thousand five hundred penalty 
                                              units or a term of imprisonment of 
                                              not more than three years or to 
                                              both. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>
                                              Interpretation </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>51. </b>In 
                                              this Act unless the context 
                                              otherwise requires: </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;account&quot; means 
                                              a facility or an arrangement by 
                                              which a financial institution does 
                                              anyone or more of the following;
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>
                                              accepts deposits of currency,
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>
                                              allows withdrawals of currency or 
                                              transfers into or out of the 
                                              account, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>pays 
                                              cheques or payment orders drawn on 
                                              a financial institution or cash 
                                              dealer by, or collects cheques or 
                                              payment orders on behalf of, a 
                                              person, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(d) </i>
                                              supplies a facility or an 
                                              arrangement for a safe deposit 
                                              box; &quot;accountant&quot; means a person 
                                              registered under the Chartered 
                                              Accountants Act, 1963, (Act 176);
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;accountable 
                                              institution&quot; includes the 
                                              institutions set out in the First 
                                              Schedule; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;application 
                                              data&quot; means a set of instructions 
                                              which causes a computer system to 
                                              perform a function when executed 
                                              on the computer; &quot;auctioneer&quot; 
                                              means a person registered under 
                                              the Auction Sales Act, 1989 (P.N.D.C.L. 
                                              230); </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;authorised 
                                              officer&quot; means a person authorised 
                                              by the Centre to perform a 
                                              function or discharge a duty on 
                                              behalf of the Centre; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;bank&quot; has the 
                                              meaning given to it in the Banking 
                                              Act, 2004 (Act 673); &quot;Board&quot; means 
                                              the governing body of the 
                                              Financial Intelligence Centre; 
                                              &quot;business entity&quot; includes </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>a 
                                              firm, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>an 
                                              individual licensed to carry out a 
                                              business, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>a 
                                              limited liability company, or
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(d) </i>a 
                                              partnership, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">for the purpose 
                                              of providing a product or service 
                                              either for profit or non-profit;
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;business 
                                              relationship&quot; means an arrangement 
                                              between a person and an 
                                              accountable institution for the 
                                              purpose of concluding a 
                                              transaction; &quot;Centre&quot; means the 
                                              Financial Intelligence Centre 
                                              established under section 4; 
                                              &quot;Chief Executive&quot; means the Chief 
                                              Executive Officer appointed under 
                                              section 14; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;computer 
                                              system&quot; includes an electronic, 
                                              magnetic, optical, 
                                              electro­chemical or other data 
                                              processing device, the physical 
                                              components and any removable 
                                              storage medium that is connected, 
                                              to the device or a group of 
                                              inter-connected or related 
                                              devices, one or more of which is 
                                              capable of </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>
                                              containing data, or </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>
                                              performing a logical, arithmetic 
                                              or any other function in relation 
                                              to data; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;Court&quot; means 
                                              the High Court or Circuit Court; 
                                              &quot;currency&quot; means </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">( <i>a) </i>
                                              coins, money or notes of the 
                                              Republic or of another country 
                                              that is designated as legal tender 
                                              and that circulates as and is 
                                              customarily used and accepted as a 
                                              medium of exchange in the country 
                                              of issue, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>
                                              'travellers' cheques or other 
                                              financial instruments denominated 
                                              in the currency of Ghana orin 
                                              foreign currency, and </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>any 
                                              right to receive coins or notes in 
                                              respect of a credit or balance 
                                              with a financial institution or a 
                                              non-resident; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;data&quot; means a 
                                              representation of</font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&nbsp;<i>(a) </i>
                                              information, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>
                                              knowledge, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>
                                              facts, or </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(d) </i>
                                              concepts </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">capable of 
                                              being processed in a computer 
                                              system; 
                                              &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&quot;electronic 
                                              device&quot; means anything or 
                                              apparatus that is used or capable 
                                              of being used to intercept a 
                                              function of a computer system;
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;electronic 
                                              transaction&quot; means a transaction 
                                              made through an electronic device;
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;intelligence 
                                              agency&quot; means the Internal or 
                                              External Intelligence Agency 
                                              established under the Security and 
                                              Intelligence Agencies Act, 1996 
                                              (Act 526); </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;entity&quot; means 
                                              a body corporate or 
                                              unincorporated, an association or 
                                              group of persons, a firm or a 
                                              partnership; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;financial 
                                              institution&quot; means an entity that 
                                              undertakes financial 
                                              intermediation; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;financial 
                                              instrument&quot; means a physical or 
                                              electronic document which embodies 
                                              or conveys monetary value~ </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;financial 
                                              intermediation&quot; means a process of 
                                              transferring funds from one entity 
                                              to another entity; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;foreign 
                                              counterpart&quot; means the authority 
                                              in another country that exercise
                                              <i>similar </i>powers <i>and 
                                              performs similar functions </i>as
                                              <i>the </i>Centre; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;game of 
                                              chance&quot; includes a game other than 
                                              lotto in which participants risk, 
                                              in anticipation of winning award 
                                              on the result of the game which 
                                              depends on luck and which cannot 
                                              be determined before the end of 
                                              the game, pay money for the right 
                                              to participate in the game; </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;internal 
                                              rules&quot; means rules formulated by 
                                              an accountable institution to 
                                              enable the accountable institution 
                                              comply with the rep0l1ing 
                                              requirements of the Centre; </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;investigating 
                                              authority&quot; means a body that is 
                                              designated by legislation to 
                                              investigate unlawful activities;
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;Minister&quot; 
                                              means the Minister responsible for 
                                              Finance; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;non-bank 
                                              financial institution&quot; means a 
                                              financial institution that 
                                              undertakes financial 
                                              intermediation outside the bank;
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">
                                              &quot;non-governmental organisation&quot; 
                                              means a civil organisation and 
                                              includes a community based 
                                              organisation, religious body and 
                                              association; &quot;notary&quot; means a 
                                              person appointed under the 
                                              Notaries Public Act, 1960 (Act 
                                              26); </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;order&quot; means a 
                                              monitoring order; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;prescribed&quot; 
                                              means prescribed by Regulations 
                                              made under this Act; &quot;proceeds&quot; 
                                              means property derived from or 
                                              obtained, directly or indirectly
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">through the 
                                              commission of an offence; </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;property&quot; 
                                              includes assets of any kind 
                                              situated in the country or 
                                              elsewhere whether movable or 
                                              immovable, tangible or intangible, 
                                              legal documents and instruments 
                                              evidencing title of interest in 
                                              the assets; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;record&quot; means 
                                              a material on which data is 
                                              recorded or marked and which is 
                                              capable of being read or 
                                              understood by a person, computer 
                                              system or other device; </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;record of 
                                              identity&quot; means the records 
                                              maintained by accountable 
                                              institutions on their clients in 
                                              accordance with rules and 
                                              directives </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">issued to the 
                                              accountable institutions by 
                                              relevant supervisory bodies; 
                                              &quot;Regulations&quot; means Regulations 
                                              made under this Act; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;religious 
                                              body&quot; means an association, a body 
                                              or organisation which professes 
                                              adherence to a belief in a system 
                                              of faith or worship or which is 
                                              established in pursuance of a 
                                              religious objective; &quot;Republic&quot; 
                                              means Republic of Ghana; </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;revenue 
                                              agency&quot; means an agency authorised 
                                              by law to collect revenue; 
                                              &quot;securities portfolio management&quot; 
                                              means the process of managing the
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">financial 
                                              assets of a client by a brokerage 
                                              firm for and on behalf of the 
                                              client in accordance with selected 
                                              investment strategy under agreed 
                                              management principles and 
                                              regulations; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;serious 
                                              offence&quot; means an offence for 
                                              which the maximum penalty is death 
                                              or imprisonment for a period of 
                                              not less than twelve months; 
                                              &quot;supervisory body&quot; means a body 
                                              responsible for the supervision of 
                                              the activities of accountable 
                                              institutions under this Act;
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;suspicious&quot; 
                                              means a matter which is beyond 
                                              mere speculations and based on 
                                              some foundation; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;transaction&quot; 
                                              includes an act which establishes 
                                              a right or obligation or gives 
                                              rise to a contractual or legal 
                                              relationship between the parties 
                                              to the contract or legal 
                                              relationship and any movement of 
                                              funds by any means with a covered 
                                              institution; and </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">&quot;trust and 
                                              company service providers&quot; means 
                                              paid professional companies or 
                                              unpaid persons who hold assets in 
                                              a trust fund separate from their 
                                              own assets; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>SCHEDULES</b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>FIRST 
                                              SCHEDULE </b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>( section
                                              </i>21 )</font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">Accountable 
                                              institutions include </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(a) </i>an 
                                              entity which is a bank or a 
                                              non-bank financial institution 
                                              which carries on any of the 
                                              following activities: </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(i) accepting 
                                              deposits of money from the public, 
                                              repayable on demand or otherwise 
                                              and withdrawable by cheque, draft, 
                                              orders or by any other means,
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(ii) financing, 
                                              whether in whole or in part or by 
                                              way of short, medium or long term 
                                              loans or advances of trade, 
                                              industry, commerce or agriculture,
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(iii) the issue 
                                              and administration of means of 
                                              payment including credit cards, 
                                              travellers' cheques bankers' 
                                              drafts and other financial 
                                              instruments, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(iv) the trade 
                                              in foreign exchange, currency 
                                              market instruments or transferable 
                                              securities, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(v) securities 
                                              portfolio management and advice 
                                              concerned with the portfolio 
                                              management, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(vi) dealing in 
                                              shares, stocks, bonds or other 
                                              securities, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(vii) leasing, 
                                              letting or delivering goods to a 
                                              hirer under a hire purchase 
                                              agreement, </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(viii) the 
                                              conduct of any business, </font>
                                              </p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(ix) the 
                                              collection of money or acceptance 
                                              of employer contributions and 
                                              payment from these funds of 
                                              legitimate claims for retirement 
                                              benefits; and </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(x) any other 
                                              business activities that the Bank 
                                              of Ghana may prescribe or 
                                              recognise as being part of banking 
                                              business; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(b) </i>
                                              auctioneers; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(c) </i>
                                              lawyers; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(d) </i>
                                              notaries; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(e) 
                                              accountants; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(1) religious 
                                              bodies; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(g) </i>
                                              non-governmental organisations;
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(h) </i>a 
                                              person whose business or a 
                                              principal part of whose business 
                                              con­sists of providing financial 
                                              services that involve the 
                                              remittance or exchange of funds;
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>&nbsp;(i) </i>
                                              operators of game of chance;
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(j) </i>a 
                                              company carrying on insurance 
                                              business within the meaning of the 
                                              Insurance Act, 2006 (Act 724);
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(k) </i>a 
                                              real estate company or agent, only 
                                              to the extent that the real estate 
                                              company or agent receives funds in 
                                              the course of the agent's business 
                                              to settle real estate 
                                              transactions; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(I) </i>
                                              dealers in precious metals and 
                                              precious stones; </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">(m)dealers in 
                                              motor vehicles; and </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>(n) </i>
                                              trust and company service 
                                              providers. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">SECOND SCHEDULE</font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">( <i>section
                                              </i>48)</font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>THE OATH OF 
                                              SECRECY</b></font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">
                                              &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I. 
                                              ...................................................... 
                                              holding the office of Do (in the 
                                              name of the </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">Almighty God 
                                              swear) (Solemnly affirm) that I 
                                              will not directly or indirectly 
                                              communicate or reveal to any 
                                              person any matter which shall be 
                                              brought under my consideration or 
                                              shall come to my knowledge in the 
                                              discharge of my official duties or 
                                              as may be specially permitted by 
                                              law (so help me God). </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><i>To be sworn 
                                              before the President, the Chief 
                                              Justice or such other person as 
                                              the President may designate. </i>
                                              </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial">Date of <i>
                                              Gazette </i>notification: 25th 
                                              January, 2008. </font></p>
                                              <p class="Style" style="text-align: justify">
                                              <font face="Arial"><b>&nbsp;</b></font></td>
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