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GRD-2018-L-108373
Breadcrumb
Title_of_text
Proceeds of Crime (Amendment) Act, 2018 (No. 7 of 2018).
Main Region
First Region
Country(ies)
Grenada
Subjects (Classification)
Criminal and penal law
Adopted on (Date of text)
2018
Scope of text
National
Type of legislation (Type of text)
Law, Act
Second Region
Abstract/Citation
Persons carrying on the below mentioned businesses are now required to be registered with the Anti-Money Laundering and Combating Terrorism Financing Commission and pay a Registration Fee:
Banks
Car Dealers
Casino Operators
Credit Unions
Dealers in Precious stone and precious metals
Designated Non-Financial Businesses and Professions (DNFBPs)-including Lawyers, Law Firms Accountants and Auditors
Insurance Companies
Money Service Businesses
Non-Profit Organizations
Real Estate Businesses
Failure to register with the Anti-Money Laundering and Combating Terrorism Financing Commission constitutes an offence which incurs an initial fine upon Summary Conviction of Five Thousand Dollars, (EC$5000.00) and a recurring fee of Three Hundred Dollars (EC$300.00) for each day that the offence continues.
Entry dates region
Date of entry into force
2019-01-01
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Basic Text region
Basic text(s)
2012-01-27 (GRD-2012-L-98279)
Proceeds of Crime Act, No. of 6 2012.
Electronic region
Electronic source title
Legislation on-line
Author
Now Grenada
URL
www.nowgrenada.com/
File
GRD108373.pdf (PDF)