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from time to time) within any period of twenty-four hours;
(c) no financial institution shall knowingly permit any individual, trader or parastatal, or
person other than an individual to withdraw from it cash in contravention of paragraph
(a) or (b).
(2) Any individual who, or financial institution, trader, parastatal or person other than an
individual which, contravenes subsection (1) shall be guilty of an offence and liable to a fine not
exceeding level eight.
(3) The Unit may exempt any person referred to in paragraph (a) or (b) of subsection (1)
from the requirements of those provisions for good cause indicated by that person on a form to be
furnished by the Unit to financial institutions.
(4) The Unit may, by direction in writing, delegate to any financial institution the decision
whether to exempt a person in terms of subsection (3), and may, in like manner, withdraw such
delegation.
(5) If, before or after the expiry of the period referred to in subsection (1), the Minister is of
the opinion that that a situation has arisen or is in existence which needs to be dealt with urgently
in the interests of public order, the Minister may, by notice in a statutory instrument, keep or
bring into force this section for a period not exceeding six months at a time, and may, in like
manner, cause this section (other than this subsection and subsection (6)) to cease to be in force
before the expiry of such period.
(6) Any notice made in terms of subsection (5) shall be laid before Parliament as soon as
may be after it has been published in a statutory instrument and, if a resolution requesting the
Minister to rescind the notice is passed within the next twenty-eight days on which Parliament sits
after the notice is laid before it, it shall forthwith be rescinded by further notice in a statutory
instrument but without prejudice to the validity of anything previously done thereunder.
22 Unlawful hoarding of cash
(1) Any person, other than a trader, parastatal, moneylender or financial institution, who,
otherwise than for good cause, has on his or her person, or under his or her immediate control, or
upon any land or upon or in any premises, cash in excess of ten million dollars (or such other
amount in excess of ten million dollars as the Minister may prescribe from time to time), shall be
guilty of an offence and liable to a fine equivalent to—
(a) the excess cash held in contravention of this section; or
(b) the fine not exceeding level ten;
whichever is the greater amount.
(2) A person referred to in subsection (1) shall have the burden of proving, to the satisfaction
of an inspector, police officer or any court, any good cause for not complying with that provision.
(3) The Minister may, by notice in a statutory instrument, suspend the operation of this
section (other than this subsection) indefinitely or for a period specified in the notice, and may, in
like manner, bring it back into operation.
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