S. Africa Lawmakers Pass Changes to Anti-Money Laundering Bill
Source: BFW (Bloomberg First Word)
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Yunus Carrim (Republic of South Africa)
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UUID: 7947283
(Bloomberg) -- Changes to Financial Intelligence Centre Amendment Bill clarify behavior of inspectors conducting warrantless searches of financial institutions, Yunus Carrim, chairman of Parliament’s finance committee, tells lawmakers in Cape Town.
Alert: HALISTER1- “The issue of warrantless searches is not unconstitutional. We also conducted 10 hours of public hearings on the issue”
- President Jacob Zuma “now has the choice of either signing it into law or going to the Constitutional Court if he is unhappy with it”
- NOTE: Zuma returned the draft law to Parliament in November Link
Source: BFW (Bloomberg First Word)
People
Yunus Carrim (Republic of South Africa)
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UUID: 7947283