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Government adopts new bill on money laundering prevention

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By: J.S., STA

The government adopted a new bill on the prevention of money laundering and terrorism financing after a previous attempt was rejected in parliament at the beginning of the month owing privacy invasion concerns.

The new bill is almost identical to the previous one, with only minor corrections. A provision was added in Article 159 that stipulates that an inspector may be declined entry to residential facilities if they do not have a relevant decision of the competent court.

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