2.3 Indicate in a report to your principal Write a report to your principal in which your address the reporting of suspicious transactions with specific reference to : a) the maximum penalties which will be enforced in the following events

Failure to identify persons

Destroying or tampering with records

Failure to report electronic transfers

Failure to send a report to the FIC

Misuse of information

Failure to comply with a direction by the FIC b) the possible defences against personal liability that would be available to the employees , principals, trustees and partners of accountable institutions in the circumstances where suspicious transactions are not reported to the FIC? c) the protecting afforded estate agents in the event of whistle blowing under the following Acts 1. The Financial Intelligence Centre Act 2. The Protected Disclosures Act