No. 12 MoN1oY L,AUNDERING AND PROCEEDS OF CHIME AMENDMli"H as ddinedin the Money Laundering and Proceeds of Crime Act [Chapter 9:24], the Commissioner-General shall disclose that information to the Director-General of the Financial Intelligence Unit established by that Act.''. 23 Amendment of Cap. 24:24 The Bank Usc Promotion Act [Chapter 24:24] is amended(a) in section 2 ("lnterpretation")(i) in the definition of "Director" by the deletion of "Director" and substitution of "Director-General"; (ii) in the definition of"Director-General" by the deletion of"subscction (3) of section three'' and the substitution of"section6C ofthe Money L.aundering and Proceeds of Crime Act [Chapter 9:24]"; (ii) by the repeal of the definition of "lJnit" and the substitution of"" Unit" means the Financial Intelligence Unit established by section 6A of the Money Laundeting and Proceeds of Crime Act [Chapter 9:24]"; (b) 24 by the repeal of Part II ("Bank Use Promotion and Suppression oflvloney L,,undering Unit"). Savings and transitional provisions (l) In this section-"fixed date" means the date of commencement of this Act; "former Unit" means the Bank Use Promotion and Suppression of Jv[oney Laundering Unit established by section 3 of the Bank Use Promotion Act !Chapter 24:24] ("the principal Act"); "new lJnit" means the Financial Intelligence Unit established by section 6A of the principal Act as amended by this Act. (2) Any word or expression defined in the principal Act as amended by this Act shall bear the same meaning when used in this Act. (3) Any property or assets which, immediately before the 1ixed date, were owned by or vested in the fmmer Unit shall on that date become propetty or assets of the new Unit. 534 2018