Proceeds of crime broadened to include property indirectly derived from criminal activity; registration inspectors added to notified persons. Amendments to section 2 of the Prevention of Money laundering Act remove the reference to "sub broker", substitute a notified Inspector General of ... Summary
Proceeds of crime broadened to include property indirectly derived from criminal activity; registration inspectors added to notified persons.
Amendments to section 2 of the Prevention of Money laundering Act remove the reference to "sub broker", substitute a notified Inspector General of Registration among specified persons, and insert an Explanation clarifying that proceeds of crime include property directly or indirectly derived or obtained as a result of criminal activity relatable to a scheduled offence.
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