Adopt the amendments to the AMLA that will include the serious tax crimes from the relevant tax laws (as defined in the TMU) and the definition of politically exposed persons in line with international standards.
At R8, modified text of previous condition and new test date of end-November 2015. Macroeconomic rationale: Use anti money laundering tools to combat tax evasion, and facilitate detection of potential cases of abuse of the investment incentive scheme to launder criminal proceeds.
