Section 33: Money or transfer value services

(1) An accountable person who offers money or value transfer services as a product, through an agent, shall ensure that the agent- (a) is licensed or registered; (b) has in place anti-money laundering and combating of terrorism financing policies and systems; and (c) has implemented effective systems to monitor and ensure compliance with anti-money laundering and combatting terrorism financing policies and that such systems are regularly updated. (2) An accountable person shall maintain an up to date record of its agents and the record shall be accessible by any competent authority.