Prevention of Proliferation Financing and Other Matters Bill

Debated in Parliament on 9 Jan 2024.

Summary written by AI (learn more)

The bill amends several existing acts, including the Precious Stones and Precious Metals Act and the Legal Profession Act, to strengthen measures against the financing of weapons of mass destruction proliferation.
It introduces new requirements for designated entities to conduct customer due diligence and report suspicious activities related to proliferation financing.
The legislation also includes consequential amendments to the Corruption, Drug Trafficking and Other Serious Crimes Act to align with international standards.
The bill was presented by Senior Parliamentary Secretary Ms Rahayu Mahzam on behalf of the Minister for Law and is scheduled for a second reading in the next parliamentary sitting.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Full Transcript

"to amend 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 to provide for the prevention of the financing of proliferation of weapons of mass destruction, to make other amendments to the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 and to make consequential amendments to the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992",

presented by the Senior Parliamentary Secretary to the Minister for Law (Ms Rahayu Mahzam) on behalf of Minister for Law; read the First time; to be read a Second time on the next available Sitting of Parliament, and to be printed.

Summary written by AI (learn more)

The bill amends several existing acts, including the Precious Stones and Precious Metals Act and the Legal Profession Act, to strengthen measures against the financing of weapons of mass destruction proliferation.
It introduces new requirements for designated entities to conduct customer due diligence and report suspicious activities related to proliferation financing.
The legislation also includes consequential amendments to the Corruption, Drug Trafficking and Other Serious Crimes Act to align with international standards.
The bill was presented by Senior Parliamentary Secretary Ms Rahayu Mahzam on behalf of the Minister for Law and is scheduled for a second reading in the next parliamentary sitting.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Prevention of Proliferation Financing and Other Matters Bill | PAPERCUTS

Prevention of Proliferation Financing and Other Matters Bill

Debated in Parliament on 9 Jan 2024.

Summary written by AI (learn more)

The bill amends several existing acts, including the Precious Stones and Precious Metals Act and the Legal Profession Act, to strengthen measures against the financing of weapons of mass destruction proliferation.
It introduces new requirements for designated entities to conduct customer due diligence and report suspicious activities related to proliferation financing.
The legislation also includes consequential amendments to the Corruption, Drug Trafficking and Other Serious Crimes Act to align with international standards.
The bill was presented by Senior Parliamentary Secretary Ms Rahayu Mahzam on behalf of the Minister for Law and is scheduled for a second reading in the next parliamentary sitting.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Full Transcript

Summary written by AI (learn more)

The bill amends several existing acts, including the Precious Stones and Precious Metals Act and the Legal Profession Act, to strengthen measures against the financing of weapons of mass destruction proliferation.
It introduces new requirements for designated entities to conduct customer due diligence and report suspicious activities related to proliferation financing.
The legislation also includes consequential amendments to the Corruption, Drug Trafficking and Other Serious Crimes Act to align with international standards.
The bill was presented by Senior Parliamentary Secretary Ms Rahayu Mahzam on behalf of the Minister for Law and is scheduled for a second reading in the next parliamentary sitting.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Prevention of Proliferation Financing and Other Matters Bill

Summary

Questions Identified

Full Transcript

Summary

Questions Identified

Prevention of Proliferation Financing and Other Matters Bill

Summary

Questions Identified

Full Transcript

Summary

Questions Identified