Section 19EA: Establishment of Centralised Information Management System

19EA. Establishment of Centralised Information Management System (1) There shall be, within the Ministry, a Centralised Information Management System for AML/CFT/CPF. (2) The System shall be an electronic database and shall constitute an information management platform for the collection, compilation, maintenance and analysis of accurate, qualitative and quantitative data, including statistics relevant to the national AML/CFT/CPF framework. (3) The Ministry shall – (a) administer and manage the System; and (b) ensure that technical and organisational security measures are in place to protect the System and all data stored therein. (4) The System shall – (a) serve as the national repository and archive for all AML/CFT/CPF accurate, qualitative and quantitative data and statistics; (b) facilitate inter-agency information sharing and coordination; (c) support the conduct of national and sectoral risk assessments, thematic reviews, typologies and policy development; (d) facilitate reporting to international bodies on matters relating to AML/CFT/CPF, including the Financial Action Task Force and the Eastern and Southern Africa AntiMoney Laundering Group; (e) provide analytical tools for effectiveness assessment; and (f) generate reports for competent authorities. (5) The System shall comply with international standards and best practices, including but not limited to the FATF Recommendations and FATF Guidance on AML/CFT-Related Data and Statistics. (6) For the purpose of subsection (4), the Ministry shall enter into a Memorandum of Understand ncluding the Financial Action Task Force and the Eastern and Southern Africa AntiMoney Laundering Group; (e) provide analytical tools for effectiveness assessment; and (f) generate reports for competent authorities. (5) The System shall comply with international standards and best practices, including but not limited to the FATF Recommendations and FATF Guidance on AML/CFT-Related Data and Statistics. (6) For the purpose of subsection (4), the Ministry shall enter into a Memorandum of Understanding with every competent authority which shall provide the accurate, qualitative and quantitative data and statistics to be shared. (7) In this section – “competent authority” – (a) has the same meaning as in the Financial Crimes Act 2023; and (b) includes – (i) the Attorney-General's Office; (ii) the Office of the Director of Public Prosecutions; (iii) the Ministry responsible for the subject of finance; (iv) the Ministry responsible for the subject of antimoney laundering and combatting the financing of terrorism and proliferation; (v) the Ministry responsible for foreign affairs; and (vi) such other authority as may be prescribed; “System” means the Central Information Management System. (m) in section 19Z – (i) in subsection (2), by adding the following new paragraph, the full stop at the end of paragraph (c)(iii) being deleted and replaced by the words “; and” and the word “and” at the end of paragraph (b) being deleted – (d) conducts, where applicable, consolidated AML/CFT supervision of a group, comprising a reporting person, through off-site and on-site supervision. (ii) in subsection (3), by inserting, after the words “reporting person”, the words “or a group, comprising a reporting person”; (iii) by adding the following new subsection – (4) In this section – “consolidated supervision” means supervision by a supervisory authority, of a group comprising a reporting person, on the basis of the totality of its business, wherever conducted. (n) by inserting, after section 22, the following new subsection –