Section 2: Amendment of regulation 29 of SI 75 of

Anti-Money Laundering (Amendment) Regulations

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Consolidated text

Regulation 29 of the Anti-Money Laundering Regulations, 2015 is amended- (a) in subsection (2)- (i) in paragraph (a) by inserting immediately after "establish" the words "or continue"; (ii) in paragraph (b) by inserting immediately after "transaction" the words "including for all domestic politically exposed persons"; (iii) by repealing subparagraph (c); (b) by inserting immediately after subregulation (2), the following- "(3) Subregulations (1) and (2) apply to a family member or close associate of a politically exposed person" …………………………………… AMOS LUGOLOOBI - MP Minister of State Finance, Planning and Economic Development (Planning) holding the portfolio of Minister of Finance, Planning and Economic Development.

Source: laws_africa.