Section 16: Delegation

## 16. Delegation

(1) The Director may—

(a) delegate, in writing, any of the powers entrusted to the Centre in terms of this Act to a member of the staff of the Centre; or

(b) instruct a member of the staff to perform any of the functions assigned to the Centre in terms of this Act.

(2) A delegation or instruction in terms of subsection (1)—

(a) is subject to the limitations or conditions that the Director may impose; and

(b) does not divest the Director of the responsibility concerning the exercise of the delegated power or the performance of the assigned function.

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(3) The Director may confirm, vary or revoke any decision taken by a staff member in consequence of a delegation or instruction in terms of subsection (1), as long as no such variation or revocation of a decision detracts from any rights that may have accrued as a result of the decision.

(4) A person seconded to the Centre in terms of section 11(2) is for the purposes of this section regarded as being a staff member.

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# CHAPTER 3

## MONEY LAUNDERING, FINANCING OF TERRORIST AND RELATED ACTIVITIES AND FINANCIAL SANCTIONS CONTROL MEASURES

### Part 1: Customer due diligence