General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, 2025: Extension: Comments invited | South African Government

https://www.gov.za/documents/notices/general-laws-anti-money-laundering-and-combating-terrorism-financing-amendment-1
Success
Service Retail Banking 35% Investment Services 25%
Specialism Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) 92% Supervision 75%
2026-02-20 09:52:56 · rghosh@vixio.com
ID
2892349
GUID
2d285b833f599a8035407733f1f4da23

Classification

Service
Retail Banking (35%)

This update is primarily procedural and administrative—it announces a comment period extension for AML/CTF legislation but does not describe specific financial services products, regulatory changes to banking operations, lending, investments, or digital assets.

Investment Services (25%)

Low confidence — REQUIRES HUMAN REVIEW. While AML/CTF frameworks apply broadly to financial institutions including retail banks, this update lacks concrete product-level or service-level regulatory detail; it is a consultation notice rather than a substantive regulatory change affecting specific banking products or services.

Specialism
Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) (92%)

The update directly addresses proposed amendments to South Africa's AML/CTF framework, explicitly mentioning strengthening anti-money laundering and counter-terrorism financing measures to combat financial crime.

Supervision (75%)

The consultation process on legislative amendments represents a supervisory and regulatory development activity, though the primary focus is on AML/CTF policy rather than ongoing firm oversight.

Official South African Government Information and Services website, President Cyril Ramaphosa, Deputy President Paul Mashatile, Minister John Steenhuisen, Minister Siviwe Gwarube, Minister Solly Malatsi, Minister Velinkosi Hlabisa, Minister Pieter Groenewald, Minister Angie Motshekga, Minister Kgosientsho Ramokgopa, Minister Nomakhosazana Meth, Minister Enoch Godongwana, Minister Dion George, Minister Aaron Motsoaledi, Minister Nobuhle Nkabane, Minister Leon Schreiber, Minister Thembisile Simelane, Minister Ronald Lamola, Minister Mmamoloko Kubayi, Minister Mzwanele Nyhontso, Minister Gwede Mantashe, Minister Maropene Ramokgopa, Minister Senzo Mchunu, Minister Khumbudzo Ntshavheni, Minister Inkosi Mzamo Buthelezi, Minister Dean Macpherson, Minister Blade Nzimande, Minister Stella Ndabeni-Abrahams, Minister Sisisi Tolashe, Minister Gayton McKenzie, Minister Patricia de Lille, Minister Parks Tau, Minister Barbara Creecy, Minister Pemmy Majodina, Minister Sindisiwe Chikunga

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TITLE: South Africa's Department of Justice Extends Comment Period on Anti-Money Laundering Amendment Bill BODY: South Africa's Department of Justice has extended the comment period for the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, 2025. The amendment bill seeks to strengthen the country's anti-money laundering (AML) and counter-terrorism financing (CTF) framework by modifying existing general laws. The extension allows stakeholders, including financial institutions, compliance professionals, civil society organisations, and other interested parties, additional time to review and submit comments on the proposed amendments. The bill aims to enhance South Africa's AML/CTF regime to ensure compliance with international standards and improve the effectiveness of measures designed to combat financial crime and terrorism financing. The extended comment period closes on Monday, March 2, 2026, at 12:00. Interested parties are invited to submit their comments on the proposed amendments by this deadline. Submissions should reference the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, 2025, and can be made through the channels specified in the official notice published on the South African Government website. The Department of Justice will review all comments received during the consultation period before proceeding with further legislative steps. **Reference:** South African Government. General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, 2025: Extension: Comments invited. Available at: gov.za
  • ✓ Scraped:2026-02-20 09:52:56
  • ✓ Created:2026-02-20 09:52:56
  • ✓ By:rghosh@vixio.com (52)