Report of The Committee on Legal Affairs, Governance, Human Rights And Gender Matters on The Prohibition And Prevention Of Money Laundering (Amendment) Bill, N.A.B. No. 38 of 2010

Report Summary

The objects of the Prohibition and Prevention of Money Laundering (Amendment) Bill are to:

(a)        repeal the provisions relating to the disclosure of information of suspicion of money laundering by supervisory authorities and reporting entities;

(b)        re-define the functions of the Anti-Money Laundering Investigations Unit; and

(c)        provide for matters connected with, or incidental to the foregoing.