Cabinet Approves Changes to Proceeds of Crime Act and Money Laundering Regulations
Cabinet has approved changes to the Proceeds of Crime Act (POCA), and the Proceeds of Crime Money Laundering Prevention Regulations, to meet international requirements. The changes were recommended by the Financial Action Task Force to address matters dealing with: suspicious and unusual transactions; rules governing reporting, documenting, supervision and regulation of designated non-financial businesses and professions; and non-face to face...


