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Anti-money laundering Bill passed

by | Aug 21, 2014

Parliament new temp oneThe Miscellaneous Provisions (Proceeds of Crime Anti-Terrorism, Financial Intelligence Unit of Trinidad and Tobago) (No 2) Bill, 2014 was unanimously passed in the Senate, with amendments, just before 7pm last evening.

Leader of Government Business, Ganga Singh noted that the bill would aid in ensuring that all present, past and future money launderers are caught.

The bill was introduced in the Senate by Finance Minister, Larry Howai on Tuesday and during the debate on Tuesday, several independent and Opposition senators raised concerns that amendments to the bill would repeal a section of the Proceeds of Crime Act 2002 and allow money launderers to walk free.

The bill was however passed yesterday with 30 votes for, none against and no abstentions.

Opposition Senator, Camille Robinson Regis thanked the government for listening to the concerns raised by the Opposition and Independent Senators, saying that they all felt it was important to have the insertion of Section 43, something she said is hoped will capture what it is intended to capture, as promised by Minister Larry Howai and Minister, Ganga Singh.

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