Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions)
Ordinance
(5) The Secretary may by notice in writing remove a panel member from office on the grounds of incapacity, bankruptcy, neglect of duty, conflict of interest or misconduct.
(6) To avoid doubt, section 55(3) does not require the appointment of persons to more than one panel under subsection (1).
3. Tenure of chairperson
(1) The term of appointment of a person as chairperson must not exceed 3 years.
(2) A person whose term of appointment or reappointment as chairperson has expired may be reappointed.
(3) The chairperson may resign from office by giving notice in writing to the Secretary.
(4) A notice of resignation takes effect—
- (a) on the date the Secretary receives the notice; or
- (b) if a later date is specified in the notice, on that later date.
(5) The Secretary may by notice in writing remove the chairperson from office—
- (a) if the chairperson is no longer qualified for appointment as chairperson under section 56(2); or
- (b) on the grounds of incapacity, bankruptcy, neglect of duty, conflict of interest or misconduct.
4. Appointment of ordinary members
(1) For the purpose of determining a review, the Secretary, on the recommendation of the chairperson, must appoint 2 panel members as ordinary members of the Tribunal in relation to the review.
