Money Laundering and Proceeds of Crime Act Act No. 4/2013 (a) the amounts credited to the Recovered Assets Fund; and (b) the investments made with the amounts credited to the Recovered Assets Fund; and (c) the payments made from the Recovered Assets Fund including the specific purpose for which payments were made and to whom; and (d) any connection with the administration and operation of the Recovered Assets Fund that the Minister considers it fit in the public interest to report upon. CHAPTER VII GENERAL AND AMENDMENT OF OTHER ACTS 101 Designation of non-financial businesses and professions and transactions (1) Subject to subsection (1), the Minister may, after consultation with the financial institution, businesses and professions concerned, by notice in a statutory instrument— (a) designate any additional non-financial business or profession to be a “designated nonfinancial business or profession” for the purpose of the definition of that term in section 13; or (b) designate any additional transaction for the purpose of the definition of that term in section 13. (2) Subject to subsection (3), when the Minister wishes to make a designation under subsection (1), the Minister shall lay the draft statutory instrument making the designation before the House of Assembly, and if the House makes no resolution against the publication of the statutory instrument within the next seven sitting days after it is so laid before the House, the Minister shall cause it to be published in the Gazette. 102 Amendment or substitution of First and Second Schedules (1) Subject to subsection (1), the Minister, after consultation with the _________ 22, may by notice in a statutory instrument amend or replace the First or Second Schedules. (2) Subject to subsection (3), when the Minister wishes to amend or substitute the First or Second Schedules, the Minister shall lay the draft statutory instrument amending or substituting the First or Second Schedule before the House of Assembly, and if the House makes no resolution against the publication of the statutory instrument within the next seven sitting days after it is so laid before the House, the Minister shall cause it to be published in the Gazette. (3) The Minister may cause to be published in the Gazette a statutory instrument which simply updates references to persons or bodies amended or substituted by any enactment without substantially affecting their original nature or description. 103 Regulations (1) Subject to subsection (2), the Minister may make regulations providing for all matters which by this Act are required or permitted to be prescribed or which, in his or her opinion, are necessary or convenient to be prescribed for carrying out or giving effect to this Act. (2) Regulations in terms of subsection (1) may provide for— (a) the reporting by designated non-financial business or profession and other persons of transactions involving the receipt, payment or transfer of cash or funds; (b) specific due diligence requirements with respect to customer identification and any other matter for which due diligence is appropriate in terms of this Act; (c) particulars, in addition to those specified in Parts I and II of Chapter III, which designated non-financial businesses or professions shall obtain, record and report concerning applicants, customers and transactions or any class thereof; 22 (sic) This space is blank in the published Act. - 67 -