Regulatory Alerts2016-10-04
Anti-Money Laundering (United Nations Security Council Resolutions) Regulations, 2016
Issued by the Minister for Finance of Swaziland under the 2011 Money Laundering Act, these regulations establish a dedicated implementation committee to enforce United Nations Security Council Resolutions on counter-terrorism financing and weapons proliferation. The framework mandates the immediate freezing of designated entities' assets, requires reporting institutions to circulate and comply with UN sanctions lists, and establishes clear procedures for domestic designations, de-listing, and humanitarian exemptions. Designated to commence on 30 August 2016, the regulations impose ongoing monitoring obligations and penalties for non-compliance across financial institutions, law enforcement agencies, and supervisory bodies.
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