Money Laundering And Terrorism

Cap. 104 · Revised Edition 2020 · 109 sections

s. 1Short title
s. 2Interpretation
s. 2AMeaning of “politically exposed person”
s. 2BMeaning of “proceeds of crime”
s. 2CMeaning of “terrorism” and “terrorist act”
s. 2DMeaning of “terrorist property”
s. 3Offence of money laundering
s. 4Penalty for money laundering
s. 5Offence of terrorism and penalty
s. 6Offence committed by a body of persons
s. 7Attempts, aiding and abetting, conspiracy
s. 8Tipping-off
s. 9Falsification, concealment, etc., of documents
s. 10Extra-territorial jurisdiction
s. 11Powers of the Financial Intelligence Unit
s. 12Freezing of funds connected with terrorism
s. 13Disclosure to foreign institutions and agencies
s. 14Agreements and arrangements by the Financial Intelligence Unit
s. 15Reporting entities to identify and verify identity of customer
s. 16Other obligations of reporting entities
s. 17Reporting of suspicious transactions by reporting entities
s. 18Reporting entity to appoint a compliance officer and establish procedures, etc
s. 18AAppointment of money laundering officer
s. 19Financial institutions and money transmission service providers to include originator information
s. 20FIU’s power to obtain search warrants
s. 21Role of supervisory authority
s. 22Sanctions by supervisory authorities
s. 22APecuniary penalty
s. 22BAppeals
s. 23Production orders
s. 24Evidential value of information
s. 25Failure to comply with a production order
s. 26Production orders in relation to foreign offences
s. 27Power to search for and seize documents relevant to locating property
s. 28Search warrant for location of documents relevant to locating property
s. 29Powers to search for and seize tainted property or terrorist property
s. 30Search warrants in relation to tainted property or terrorist property
s. 31Search warrants in relation to foreign offences
s. 32Monitoring orders
s. 33Monitoring orders not to be disclosed
s. 34Power to intercept communications and the admissibility of intercepted communications
s. 35Mandatory injunction to enforce compliance
s. 37BSearch for suspicious cash
s. 38Seizure and detention of suspicious imports or exports of currency
s. 38AAppeal against forfeiture
s. 38BApplication of forfeited cash
s. 38CVictims and other owners
s. 39Application for a restraining order
s. 40Restraining orders
s. 41Undertaking by the Government
s. 42Notice of application for restraining order
s. 43Service of restraining order
s. 44Registration of restraining order
s. 45Contravention of restraining order
s. 46Duration of restraining order
s. 47Review of restraining order
s. 48Extension of restraining order
s. 49Forfeiture order on conviction
s. 50Effect of forfeiture order on conviction
s. 51Voidable transfers
s. 52Protection of third parties
s. 53Discharge of forfeiture order on appeal and quashing of conviction
s. 54Payment instead of a forfeiture order
s. 55Application of procedure for enforcing fines
s. 56Forfeiture where a person dies or absconds
s. 57Pecuniary penalty order on conviction
s. 58Rules for determining benefit and assessing value
s. 59Statements relating to benefit from commission of an offence
s. 60Amount recovered under pecuniary penalty order
s. 61Variation of pecuniary penalty order
s. 62Lifting the corporate veil
s. 63Enforcement of pecuniary penalty order
s. 64Discharge of pecuniary penalty order
s. 65Rights of bona fide third parties
s. 66Immunity from action
s. 67Seizure and detention of terrorist cash
s. 68Terrorist financing
s. 69Related offences in relation to terrorist financing
s. 70Dealing in terrorist property
s. 71Directives
s. 72Application for forfeiture order
s. 73Notice of application
s. 74Forfeiture order for terrorist property
s. 75Effect of forfeiture order in respect of terrorist property
s. 75AInterpretation
s. 75BExternal requests and orders
s. 75CDuty to cooperate
s. 75DAssistance to foreign regulatory authorities
s. 75ERestrictions on disclosure of information
s. 75FExceptions to restrictions on disclosure
s. 75GPrivileged documents and information
s. 76Repealed
s. 76AImplementation of UN sanctions
s. 77Money laundering and terrorist financing to be extraditable offences
s. 77ACredit to frozen account
s. 77BNational Anti-Money Laundering Committee
s. 78Establishment of the Fund
s. 79Receipts and Disbursements
s. 80Annual report to National Assembly
s. 81Secrecy obligations overridden
s. 82Disclosure protected
s. 83General penalty for non-compliance
s. 84Investigation and prosecution of offences
s. 85Limitation of proceedings
s. 85AInformation by reporting entity, when due
s. 85BRegistration with the FIU
s. 86Regulations
s. 87Commencement
s. 88Repeal