All provisions · AML/CFT Act (Cap. 251) · Part Iv: Financial intelligence unit
26 Resignation of Director or Deputy Director
(1) The Director or the Deputy Director may resign from the office, by at least three months prior notice addressed to the President through the Minister and the President may dispense the period of prior notice at his discretion.
(2) The resignation of the Director or Deputy Director shall be effective only after the acceptance of the resignation by the President from the date given in the notice or such earlier date as the President may specify in the letter of acceptance.
(3) In the event of acceptance of the resignation of Director or Deputy Director under subsection (1), the President may in consultation with the Minister, designate an officer of the FIU or any other person to act as interim Director or Deputy Director, as the case may be, until a new Director or Deputy Director is appointed under the provisions of this Act.
(4) Where any vacancy arises due to death or for any reason whatsoever, in the office of the Director or Deputy Director, the President may appoint a person to fill such vacancy by following the procedure provided under section 14(1) or section 15(1), as the case may be.
(2) The resignation of the Director or Deputy Director shall be effective only after the acceptance of the resignation by the President from the date given in the notice or such earlier date as the President may specify in the letter of acceptance.
(3) In the event of acceptance of the resignation of Director or Deputy Director under subsection (1), the President may in consultation with the Minister, designate an officer of the FIU or any other person to act as interim Director or Deputy Director, as the case may be, until a new Director or Deputy Director is appointed under the provisions of this Act.
(4) Where any vacancy arises due to death or for any reason whatsoever, in the office of the Director or Deputy Director, the President may appoint a person to fill such vacancy by following the procedure provided under section 14(1) or section 15(1), as the case may be.
Official source: Anti-Money Laundering and Countering the Financing of Terrorism Act (Cap. 251), Act 5 of 2020, Revised Edition as at 17 January 2025 (Acts 5 of 2020, 7 of 2021, 8 of 2021, 62 of 2021, 9 of 2022, 12 of 2024, S.I. 145 of 2020)
