2024 Draft General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill

National Treasury has published the draft General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, 2024 for comment.

Interested parties are invited to submit their written comments to the National Treasury at [email protected] by the close of business on Thursday, 6 February 2025.

Media Statement

Government Gazette

The draft Amendment Bill was developed together with the Department of Trade, Industry and Competition, the Department of Social Development and the Financial Intelligence Centre. It proposes amendments to four pieces of legislation that fall under the administrative responsibilities of different Ministers, namely:

• the Financial Intelligence Centre Act, 2001: Minister of Finance;

• the Financial Sector Regulation Act, 2017: Minister of Finance;

• the Companies Act, 2008: Minister of Trade, Industry and Competition; and

• the Nonprofit Organisations Act, 1997: Minister of Social Development.