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Section 35

Section 55 of the principal Act is amended—

of Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities (Amendment) Act 2025

Amendment ActIn forceProvision 35 of 52
Section 35

(a)

in subsection (1)—

(i)

by substituting for the words “subsection 4(1)

or a terrorism financing offence” the words

“subsection 4(1) or 4a(2), a terrorism financing offence or a restricted activity financing offence”;

and

(ii)

by inserting after paragraph (b) the following paragraph:

“(ba)  proliferator property;”; and

(b)

in subsection (3)—

(i)

in paragraph (a), by substituting for the words

“subsection 4(1) or a terrorism financing offence”

the words “subsection 4(1) or 4a(2), a terrorism financing offence or a restricted activity financing offence”; and

(ii)

by inserting after paragraph (b) the following paragraph:

“(ba)  proliferator property;”.

Amendment of section 56