Legal & Regulatory Alert

The Anti-Money Laundering and Combatting the Financing of Terrorism (Miscellaneous Provisions) Bill, 2026 (the “Bill”), seeks to reinforce the existing legal framework by introducing targeted amendments across 23 statutes, as presented in parliament on Tuesday 31 March. The proposed reforms reflect important principles, such as the adoption of stronger safeguards to limit opportunities for misuse of administrative and financial systems, continued alignment with international standards on anti-money laundering, counter-terrorism financing, and proliferation financing, and a more dynamic, risk-based supervisory approach that supports more focused and sector-specific risk assessments.