Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Marginal note:Object

40 The object of this Part is to establish an independent agency that

• (a) acts at arm’s length from law enforcement agencies and other entities to which it is authorized to disclose information;

• (b) collects, analyses, assesses and discloses information in order to assist in the detection, prevention and deterrence of money laundering and of the financing of terrorist activities;

• (c) ensures that personal information under its control is protected from unauthorized disclosure;

• (d) operates to enhance public awareness and understanding of matters related to money laundering; and

• (e) ensures compliance with Part 1.