Prevention of Proliferation Financing and Other Matters Bill

The Prevention of Proliferation Financing and Other Matters Bill amends several key acts to strengthen financial regulations against the funding of weapons of mass destruction. The bill introduces amendments to the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019, the Legal Profession Act 1966, the Moneylenders Act 2008, and the Pawnbrokers Act 2015. It establishes new compliance requirements, including the appointment of compliance officers and enhanced due diligence measures to prevent proliferation financing. The bill also includes consequential amendments to the Corruption, Drug Trafficking, and Other Serious Crimes (Confiscation of Benefits) Act 1992 to align with the new regulations.

Prevention of Proliferation Financing and Other Matters Bill

Summary

Timeline

Bill introduced

First reading

Second reading

Select committee

Third reading

Voting

Bill passed

Prevention of Proliferation Financing and Other Matters Bill

Summary

Timeline

Bill introduced

First reading

Second reading

Select committee

Third reading

Voting

Bill passed