Regulatory Alerts2023-03-21
Counter-Terrorism (Amendment) Act, 2023
The Legislature of the Virgin Islands enacted the Counter-Terrorism (Amendment) Act, 2023 to amend the Counter-Terrorism Act, No. 33 of 2021. The legislation expands the definition of economic resources and criminalizes the financing of travel for terrorist purposes, including attempts, accomplice liability, and organizational direction. It also clarifies exemptions for information sharing under anti-money laundering group-wide programs and mandates immediate reporting of relevant matters.
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