NATIONAL ASSEMBLY PASSES ANTI-MONEY LAUNDERING BILL

 

The National Assembly has passed a 'B' version of the General Laws (Anti-Money Laundering & Combating Terrorism Financing) Amendment Bill, which is now officially before the NCOP. This was announced in a parliamentary media statement summarising the Bill's purpose and the process followed thus far. According to input from Finance Minister Enoch Godongwana during a second reading debate on the Bill, it addresses most of the shortcomings identified by the international Financial Action Task Force; and is one of several measures being taken to avoid grey listing.

  • General Laws (Anti-Money Laundering & Combating Terrorism Financing) Amendment Bill's 'B' version
  • parliamentary media statement
  • Minister's speech

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