Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeeds of Unlawful Activities Act 2001 · Updated to 1 Mar 2026 · Part III · Financial Intelligence
7A. Functions of regulatory or supervisory authority
Feedback & supportThe Minister of Finance may, upon the recommendation of the competent authority and after consultation with the Minister of
Home Affairs for the purposes of Part VIA, by order published in the
Gazette, appoint any person to be a regulatory or supervisory authority and such person shall have all the functions conferred on a regulatory or supervisory authority under this Act as specified by the Minister of
Finance.
The regulatory or supervisory authority may, after consultation with the Minister of Home Affairs for the purposes of Part VIA, authorize any of its officers or any other person to perform any or all of its functions under this Act as specified by the Minister of Finance.