Anti-Money Laundering and Other Matters Bill

The Anti-Money Laundering and Other Matters Bill amends several laws to implement Financial Action Task Force recommendations and improve the framework for combating financial crimes. It enhances procedures for handling seized property to maintain its value and updates legal definitions and procedures related to money laundering, terrorism financing, and the proliferation of weapons. The Bill includes amendments to the Casino Control Act, the Corruption, Drug Trafficking and Other Serious Crimes Act, and the Criminal Procedure Code, among others. Key provisions also enable easier reporting and sharing of sensitive information for regulatory authorities.