Progressive Professionals Forum (PPF) president Mzwanele Manyi says the organisation is studying the latest Financial Intelligence Centre Amendment Bill adopted in Parliament this week.
The bill was sent back to Parliament by President Jacob Zuma six months after Parliament passed it because of his concerns about the constitutionality of its provision for warrantless searches.
This was after the PPF had lodged an objection over the bill’s constitutionality.
The National Assembly unanimously adopted the bill for a second time on Tuesday.
“We are studying the latest amendments made in Parliament and we are consulting our legal council who will advice us on a way forward‚” Manyi told journalists in Johannebsurg on Thursday.
He said the PPF wanted to look at what the impact of the amendments would be.
The bill is intended to strengthen measures to combat money-laundering and the financing of terrorism‚ and in particular will require enhanced vigilance over the financial transactions of prominent influential persons — including top government officials and business executives. — TMG Digital/BusinessLIVE
PPF studying Fica Bill amendments: Manyi
Progressive Professionals Forum (PPF) president Mzwanele Manyi says the organisation is studying the latest Financial Intelligence Centre Amendment Bill adopted in Parliament this week.
The bill was sent back to Parliament by President Jacob Zuma six months after Parliament passed it because of his concerns about the constitutionality of its provision for warrantless searches.
This was after the PPF had lodged an objection over the bill’s constitutionality.
The National Assembly unanimously adopted the bill for a second time on Tuesday.
“We are studying the latest amendments made in Parliament and we are consulting our legal council who will advice us on a way forward‚” Manyi told journalists in Johannebsurg on Thursday.
He said the PPF wanted to look at what the impact of the amendments would be.
The bill is intended to strengthen measures to combat money-laundering and the financing of terrorism‚ and in particular will require enhanced vigilance over the financial transactions of prominent influential persons — including top government officials and business executives. — TMG Digital/BusinessLIVE
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