59 Reporting obligations of a supervisory authority and its staff

(1) Every supervisory authority and its officers shall report to the FIU about any suspicious activity or transaction that the supervisory authority or its officers may encounter during the normal course of their duties.
(2) A person who, as an employee of a supervisory authority, with intention to deceive, does not make a report under subsection (1) commits an offence, and is liable on conviction to imprisonment for a term not exceeding 3 years or a fine not exceeding SCR 200,000, or to both.