Act 2004
Financial Transactions Reporting Act 2004
Effective: 1 Jan 2006
Plain-English summary
Act No. 22 of 2004 (assented 23 December 2004). Regulates the reporting of financial transactions by financial institutions and establishes the Financial Intelligence Unit. Commenced 1 January 2006, except section 13 (Part 5), which commenced 1 January 2008. The FIU page lists amendments effective 17 February 2017, 11 May 2018 and 1 November 2022. Parliament lists the amending Acts No. 2 of 2017, No. 7 of 2018 and No. 48 of 2022.
Who it applies to
Banking · Payments & Fintech · Real Estate · DNFBPs (Lawyers, Accountants, Dealers)
Topics
AML / CFT / Sanctions
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