s 38G Submission of report to Registrar, etc.
38G.—(1) An entity reviewer who carries out a quality control standards review or an AML/CFT/CPF requirements review must submit —(a) a report to the Registrar at the conclusion of the quality control standards review or the AML/CFT/CPF requirements review; and[Act 24 of 2025 wef 06/05/2026] (b) any interim report that the Registrar may require.[Act 24 of 2025 wef 06/05/2026] (2) The Registrar must submit a report to the Oversight Committee if —(a) following a quality control standards review and after considering the entity reviewer’s report submitted under subsection (1), the Registrar is of the opinion that —(i) the accounting entity’s compliance with any of the quality control standards is partially satisfactory under the Oversight Committee’s quality control standards assessment framework; or (ii) the accounting entity’s compliance with any of the quality control standards is not satisfactory under the Oversight Committee’s quality control standards assessment framework; or (b) following an AML/CFT/CPF requirements review and after considering the entity reviewer’s report submitted under subsection (1), the Registrar is of the opinion that the accounting entity or any of its individual practitioners has breached any of the AML/CFT/CPF requirements.[Act 32 of 2022 wef 01/07/2023] [Act 24 of 2025 wef 06/05/2026]