To amend the Financial Intelligence Centre Act, 2001 , so as to define or further define certain words and expressions ; to clarify the application of the Act in relation to other laws ; to ext end the object ives and functions of the Centre ; to change the name of the Money Laundering Advisory Council ; to clarify certain provisions; to update references to legislation; to provide for the sharing of information by the Centre and supervisory bodies; to provide for the issuance of directives by the Centre and supervi sory bodies; to provide for the registration of accountable and report ing institutions to clarify the roles and responsibilities of supervisory bodies ; to provide for written arrangements relating to the respective roles and responsibilities of the Centre and supervisory bodies; to authorise the Centre and supervisory bodies to conduct inspections; to regulate certain applications to court; to provide for administrative sanctions that may be imposed by the Centre and supervisory bodies; to establish an appeal board to hear appeals against decisions of the Centre or supervisory bodies; to make further provision for offences; and to provide for matters connected therewith.