DISTRIBUTED BY VERITAS
E-mail: veritas@yoafrica.com
VERITAS MAKES EVERY EFFORT TO ENSURE THE PROVISION OF RELIABLE INFORMATION,
BUT CANNOT TAKE LEGAL RESPONSIBILITY FOR INFORMATION SUPPLIED.
Gazetted: 21st June 2013.
Date of Commencement: 21st June 2013.
NOTE BY VERITAS
The Bill for this Act was not gazetted before it was introduced in
Parliament on 18th June 2013. It was rushed through both Houses of
Parliament on 19th and 20th June, and the Act was published as law in a
Government Gazette Extraordinary dated 21st June.
The published Act contains many minor errors. Veritas has not
attempted correction, but has marked some of them with footnotes.
All footnotes are by Veritas. They are not part of the text of the Act as
published in the Government Gazette.
MONEY LAUNDERING AND PROCEEDS OF CRIME ACT
Act 4/2013
ARRANGEMENT OF SECTIONS
PART I
CITATION AND INTERPRETATION
Section
1. Short title.
2. Interpretation.
PART II
GENERAL PROVISIONS TO SECURE COMPLIANCE WITH THIS ACT
3. Unit and competent supervisory authorities to cooperate in securing compliance with this
Act.
4. Power of Director to issue directives for purposes of this Act.
5. Directives may specify civil infringements and impose civil penalties and other sanctions.
6. Enforcement of civil penalties and accounting for proceeds thereof.
CHAPTER II
MONEY-LAUNDERING AND TERRORIST FINANCING
PART I
MONEY LAUNDERING AND TERRORIST FINANCING OFFENCES
7. Interpretation in Part I of Chapter II.
8. Money laundering offences.
9. Terrorist financing offences.