Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill

Phase 2 of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Amendment Bill will be effective from October 2018. The new regulations will extend the current AML/CFT Act to cover:

  • Lawyers
  • Accountants
  • Real estate agents
  • Conveyancers
  • Some businesses that deal in high value goods
  • Betting on sports and racing

We – together with our clients – will have to be proactive and ensure that the right systems and procedures are implemented at the right time. It will have far-reaching implications.

2017-12-20T13:20:08+00:00April 26th, 2017|Assurance|

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