Corruption offences
The Prevention of Corruption Act 2002 (PoCA) creates an array of corruption offences which may be committed by public officials, members of the public and personnel of the private sector.
The offences are described under section 4 to 17 of Part II of the Act. A public official can commit a corruption offence, by soliciting, accepting or obtaining from another person for himself or another person a gratification. The same principle will apply to someone giving, agreeing to give or offering a gratification to a public official.
Money laundering offences
The Financial Intelligence And Anti-money Laundering Act (FIAMLA) 2002 provides that:
- Any person shall commit an offence when he engages in a transaction that involves proceeds of any crime.
- Any financial institution or member of a relevant profession is liable if it fails to take measures to ensure that neither it nor any service offered by it is capable of being used by a person to commit money laundering.
- Any person shall commit an offence while making or accepting any payment in cash in excess of Rs 500,000 or equivalent amount in foreign currency.
- The law lays the burden on the banks, financial institution, cash dealers or members of a relevant profession or occupation to report any suspicious transactions to the Financial Intelligence Unit (FIU).
- There are other offences that pertain to obligation to report and keep records and the disclosure of information which is prejudicial to a request.