On April 22, 2019, the Financial Intelligence Analysis Unit (FIAU) published Legal Notice 77 of 2019 titled the “Prevention of Money Laundering and Funding of Terrorism (Amendment) Regulations, 2019” and drafted under the mandate of the Prevention of Money Laundering Act (Cap. 373) by the minister of finance upon the FIAU’s advice.
The legal notice introduced amendments to the principal regulations, namely the Prevention of Money Laundering and Funding of Terrorism Regulations (S.L. 373.01). The two instruments should be read jointly.
Request a Free Trial
As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.Take a Trial