In June 2007, the Deputy Governor requested for Technical Assistance (TA) from the IMF in response to the recommendations of the Assessment Report of the World Bank on Anti-Money Laundering and Combating the Financing of  Terrorism (AML/CFT). The TA Mission from the Legal Department of the IMF reviewed the AML Act 2005 to address its inadequacies and to also incorporate provisions for the Suppression of the Financing of Terrorism.  The draft revised Act, which is to be known as “The Anti-Money Laundering and Suppression of Financing of Terrorism Act is under discussion and is expected to be finalised and received this 2008.

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