meta_id 3075383

The South African National Assembly has introduced the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill 2026. The bill represents an update to South Africa's anti-money laundering and counter-terrorism financing (AML/CTF) framework within its general laws structure. The National Assembly published an explanatory summary of the bill alongside its introduction, which outlines the legislative intent and key provisions of the proposed amendments. The bill is designed to strengthen South Africa's AML/CTF regime, which falls under the jurisdiction of the Department of Finance and related financial regulatory authorities. The amendments will affect financial institutions, money service businesses, and other entities subject to AML/CTF obligations under South African law. The introduction of this bill follows South Africa's ongoing commitment to international AML/CTF standards and compliance with Financial Action Task Force (FATF) recommendations. The amendments are intended to enhance the country's ability to detect, prevent, and combat money laundering and terrorism financing activities. The bill is now in the parliamentary process for consideration by the National Assembly. Further details regarding the specific amendments, consultation periods, and expected timelines for passage will be determined as the legislative process progresses. **Reference:** South African Government, General Laws Amendment Bill: National Assembly Notice of Introduction in National Assembly of General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill 2026 and Publication of Explanatory Summary of Bill