(1) A person who or an institution which knows or suspects that

(a) a business entity, an accountable institution or a trust has received or is about to receive the proceeds of unlawful activity, or

(b) a transaction to which the business entity is a part

(i) facilitated or is likely to facilitate the transfer of the proceeds of unlawful activities,

(ii) has no apparent business or lawful purpose,

(iii) is conducted to avoid or give rise to a reporting duty under this Act,

(iv) maybe relevant to an investigation into tax evasion or an attempt to evade the payment of tax, duty or a levy imposed by legislation, or

(v) has been used or is about to engage in money laundering, shall within twenty four hours after the knowledge or the ground for suspicion of the transaction submit a suspicious transaction report to the Centre.

(2) Where a person suspects a transaction to be linked to or used for the financing of a terrorist act as defined by law, the person shall make a report to the Centre within twenty four hours of the suspicion.

(3) A person who makes a suspicious transaction report shall not

(a) disclose the contents to another person, or

(b) reveal the personal details of the officer of the Centre who receives the report to another person.

(4) A person who receives a suspicious transaction report shall not

(a) disclose the contents of the report to a person not authorised to know the contents of the report, or

(b) disclose the personal details of the person who made the report to another person.

(5) A person who makes a suspicious transaction report shall disclose the contents where

(a) the person is required by law to disclose the contents,

(b) it is to carry out the provisions of this Act,

(d) it is by an order of a Court.