Regulatory AlertsProceeds of Crime Act 2015
The Gibraltar legislature enacted the Proceeds of Crime Act 2015 to establish a comprehensive legal framework for combating money laundering and terrorist financing. This primary legislation empowers authorities to utilize Unexplained Wealth Orders and Interim Freezing Orders to investigate and recover illicit assets. It also mandates the creation of a Register of Ultimate Beneficial Owners and designates supervisory bodies to ensure regulatory compliance across relevant financial sectors.
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