Section 14
Report by reporting institutions
A reporting institution shall promptly report to the competent authority—
*(a) any transaction exceeding such amount as the competent authority may specify;
**(b) any transaction where the identity of the person involved, the transaction itself or any other circumstances concerning that transaction gives any officer or employee of the reporting institution reason to suspect that the transaction involves proceeds of an unlawful activity or instrumentalities of an offence;
***(c)
any transaction or property where any officer or employee of the reporting institution has reason to suspect that the transaction or property involved is related or linked to, is used or is intended to be used for or by, any terrorist act, terrorist, terrorist group, terrorist entity or person who finances terrorism.
(2)
For the purposes of this section, “transaction” includes any attempted transaction or proposed transaction.