Proceeds of Crime (Amendment) Bill 2026 (LG19, S5)

This Bill makes several amendments to the Proceeds of Crime Act to expand the membership of the Anti-Money Laundering Steering Group, provide for the continuation of the Inter-Agency Coordination Committee and enable information sharing between both bodies. 

Key Provisions

 

  • Provides that the Anti-Money Laundering Steering Group will be chaired by the Minister responsible for Financial Services, or a designate.  

  • Introduces a requirement for annual performance reporting by authorities responsible for investigating or prosecuting money laundering, associated predicate offences and terrorist financing.  

  • Provides legal protection (immunity) for members of both bodies for actions or omissions made in the proper discharge of their functions. 

Supplement No. 5 published with Legislation Gazette No. 19 dated 31 March, 2026.

Published: 31 March 2026

Publication Type: Legislation Gazette Supplement

Details
ProceedsofCrime(Amendment)Bill2026_INTRODUCED.pdf

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Category: 2026, 3 - Economy, 7 - Good Governance and Public Safety, Legislation Gazette Supplement, Ministry of Financial Services & Commerce (MFSC), Portfolio of Legal Affairs (PoLA)