Several months after the nominees for the Anti-Money Laundering and Countering the Financing of Terrorism (AML/ CFT) Authority were vetted by police, their names are yet to be submitted to the National Assembly for approval.
The Authority is a very important component of the country’s AML/CFT legislation and some observers have expressed concern that it is yet to be established.
Contacted yesterday, Chairman of the National Assembly’s Committee on Appointments Dr George Norton could not say when the ten names will be sent for parliamentary approval. It is only after the approval of the nominees by a simple majority that the Authority can be establish and its work can begin.
The Authority’s specific responsibilities include
