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(1) Where a supervisory body or a revenue agency becomes aware or believes that an accountable institution, as a result of a transaction concluded by or with the accountable institution,

(a) has received or is about to receive the proceeds of unlawful activities or

(b) has been used or may be used for money laundering or a suspicious  transaction,  the  supervisory  body  or  revenue  agency  shall advise the Centre of the fact and furnish the Centre with the information and records in respect of the knowledge or suspicion which the Centre may reasonably require.

(2) Where the Centre believes that a supervisory body or revenue agency may have information indicating that an accountable institution

(a) is about to receive the proceeds of unlawful activity as a result of a transaction, or

(b) has been used or maybe used for money laundering or for the purpose  of  any  suspicious  transaction,  the  Centre  may  request  the supervisory body or revenue agency to confirm or rebut the belief and the supervisory body or revenue agency shall comply.