Money Laundering and Proceeds of Crime Act Act No. 4/2013 (6) If the institutions referred to in subsection (1) receive wire transfers that do not contain the complete originator information required under that subsection, they shall take measures to obtain and verify the missing information from the ordering institution or the beneficiary. (7) Financial institution referred to in subsection (1) that cannot obtain the missing information referred to in subsection (6) must refuse acceptance of the transfer and immediately make a report thereon to the Unit. 28 Failure to comply with Part II of Chapter III (1) Any person who intentionally or by gross negligence— (a) fails to maintain books and records as required by section 17; or (b) destroys, falsifies or removes such records; or (c) fails to make such information available in a timely manner in response to a lawful request by the Unit or a competent supervisory authority for such books or records shall be guilty of an offence shall be guilty of an offence and liable to a fine not exceeding level ten or to imprisonment for a period not exceeding three years, or both such fine and such imprisonment. (2) Any person who intentionally or by gross negligence— (a) fails to maintain internal control programs in compliance with sections 25(1) or (2); or (a) fails to conduct due diligence with respect to customers, accounts, and transactions in compliance with section 26(1); or (c) fails to comply with the obligations for special monitoring set forth in sections 26(2); or (d) fails to comply with the obligations relating to wire transfers set forth in sections 27; or shall be guilty of an offence shall be guilty of an offence and liable to a fine not exceeding level ten or to imprisonment for a period not exceeding three years, or both such fine and such imprisonment. 29 Compliance with obligations under Parts I and II by foreign subsidiaries and branches of financial institutions (1) Financial institutions shall require their foreign branches and majority-owned subsidiaries to implement the requirements of Part I and this Part to the extent that domestic applicable laws and regulations of the host country so permit. (2) If the laws of the country where the branch or majority-owned subsidiary is situated prevent compliance with these requirements, for any reason, the financial institution shall so advise the Unit, which may take such steps as it believes to be appropriate to accomplish the purposes of this Act. PART III REPORTING OBLIGATIONS 30 Obligation to report suspicious transactions (1) Subject subsections (2) and (3), financial institutions, designated non-financial businesses and professions, and their respective directors, principals, officers, partners, professionals, agents and employees, that suspect or have reasonable grounds to suspect that any property— (a) is the proceeds of crime, or (b) is related or linked to, or is to be used for, terrorism, terrorist acts or by terrorist organisations or those who finance terrorism. shall submit promptly, but not later than three working days after forming the suspicion, a report setting forth the suspicion to the Unit (this obligation applies also to attempted transactions). - 30 -