51Communication of information by financial institutions to prescribed authorities

#### 51 Communication of information by financial institutions to prescribed authorities 51 Communication of information by financial institutions to prescribed authorities > > (1) If a financial institution has reasonable grounds for believing that information it has about a transaction with the institution— > > > > > (a) might be relevant to an investigation of a serious crime related activity or the making of a confiscation order, or > > > > > (b) might otherwise be of assistance in the enforcement of this Act or the regulations, > > > > the institution may give the information to the Commission. > > > (1A) The Commission may at any time request a financial institution to give information to the Commission about a transaction with the institution that might be of assistance in the enforcement of this Act or the regulations. > > > (2) (Repealed) > > **s 51:** Am 1997 No 68, Sch 1 \[16\]; 2005 No 32, Sch 1 \[45\] \[46\]; 2022 No 55, Sch 3\[27\].