54 Protection of information and informants

(1) Where any information relating to an offence under this Act is received by the FIU or by an authorised officer, the information and the identity of the person giving such information shall be kept confidential.
(2) Subsection (1) shall not apply to the disclosure of information and the identity of a person giving the information—
(a) where it is for the purposes of assisting the FIU or the authorised officer to carry out their functions under this Act; or
(b) with regard to a witness in any civil or criminal proceedings—
(i) for the purposes of this Act; or
(ii) where the court is of the opinion that justice cannot fully be done between the parties without revealing the identity of the person who made such disclosure.
(3) Any person, who discloses the information or the identity of the source of such information in contravention of subsections (1) and (2), commits an offence, and is liable on conviction to a fine not exceeding SCR200,000 or to imprisonment up to two years or to both.
(4) No criminal or disciplinary proceedings shall be taken against—
(a) a reporting entity or supervisory authority of a reporting entity;
(b) an employee or agent of a reporting entity or an officer of a supervisory authority of a reporting entity acting in the course of that person’s employment or agency, in relation to any action by the reporting entity or the supervisory authority or their officer, employee or agent, taken in good faith under the provisions of this Act, or in compliance with the directions given by the FIU under the provisions of this Act.