No. I
2018
(2) The Gon~rnor of the Reserve Bank shall ha\ c
the authority to do anything necessary for the efficient anll
effective application or implementation of this Schedule.
Non-app/[( ·a lion of certain crimuwl and nr/u:r
laws in respect o[a111nestied nmdu<'!
-1-. ( 1) Subject to this Schedule, fix the purpose of this
amnesty. the contravention of section I 0 or II for 'vhic h an
amncsticll person would, but for this Schedule, he Iiabk to
he prosecuted by the :\ational Prosecuting .\uthority shall
not be deemed to be criminal conduct.
(2) Section lOoft his :\ct. and sectio1d..J.B ("Reward
for inf{mn..'ltion") of the Revenue Authority .\ct Ic'lwpler
23:1 J I (:\o. 17 of 1999) shall not apply to an~ information
provided or measure taken which relates to an offcm;e for
which an amncstiell person is not liable by ,·irtue of this
Schedule to he prosecuted by the ~ational Prosecuting
Authority.
Scope
(~! anmestv
5. (I) The amnesty applies in respect of any violation
of section I 0 or II \Vi thin the scope of this section.
(2) In order to qualify for the amnesty a person who-(a)
being a trader, parastatal or moneylender, had
failed. before the l st January. 2018, to open
and keep open an <:Kcount with a 11 nancial
institution, must open such <Kcotmt before
the l st April, 2018, and deposit any hoarded
cash; or
(h)
being a trader, and parastatal, had failed before
the 1st January. 2018, to deposit hqarded cash
in an account with a financial institution, must
deposit the cash in a llnancial institution h~
the lstApril,2018.
(3) An a1m1esty granted to a trader, parastatal or
moneylender does not affect the liability fonax of the trader.
parastatal or moneylender on <:my hoarded cash. proYided that
the trader, parastatal or moneylender shall not he su~ject to
any penalty by way of interest or enhanced tax on the hoarded
tax in question;
Proof and modaliries (~l compliance
6. ( 1) The receiving local financial institution shall
immediately notify the l 'nit of the deposit of any hoarded
cash, furnishing it with documentary proof of tht· same that
discloses(a)
the name of the trader or parastatal to which
the hoarded cash belongs and its Yalue; and
(h)
that the trader or parastatal is making the
deposit pursuant to this arrmesty.
Confidentialitv
7. ( l)Any infonnation repo11ed to the linitorgatheredor
discovered by any employee, inspector or agent of the l 'nit in
Select target paragraph3
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