Criminal Asset Recovery Order, 2012 · s 26

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26.
Measures and sanctions
Any supervisory or regulatory authority or competent disciplinary authority that discovers a breach of the obligations established under this Order by a financial institution or designated non-financial business and profession or other regulated business it supervises may impose one or more of the following measures and sanctions
{a} written warnings;
(b) order to comply with specific instructions;
(c} order reports on a regular basis from the financial institution or designated non-financial business and profession or other regulated business on the measures it is taking;
{d)
barring individuals from employment within the sector;
{e)
replacing or restricting the powers of managers, directors, principals, partners or controlling owners, including the appointing of ad hoc administrator;
({}
a temporary administration of the financial institution or designated non-financial business and profession; or
(g)
suspending, restricting or withdrawing the licence of the financial institution or designated non-financial business and profession.

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s 26Measures and sanctions

Any supervisory or regulatory authority or competent disciplinary authority that discovers a breach of the obligations established under this Order by a financial institution or designated non-financial business and profession or other regulated business it supervises may impose one or more of the following measures and sanctions

{a} written warnings;

(b)

order to comply with specific instructions;

(c} order reports on a regular basis from the financial institution or designated non-financial business and profession or other regulated business on the measures it is taking;

{d)

barring individuals from employment within the sector;

{e)

replacing or restricting the powers of managers, directors, principals, partners or controlling owners, including the appointing of ad hoc administrator;

({}

a temporary administration of the financial institution or designated non-financial business and profession; or

(g)

suspending, restricting or withdrawing the licence of the financial institution or designated non-financial business and profession.