Re-de­lib­er­a­tion on Anti-Money Laun­der­ing and Coun­ter­ing Fi­nanc­ing of Ter­ror­ism Bill of Bhutan 2017

Bhutan Times - - Home - Thin­ley Choda

T he on­go­ing Na­tional Assem­bly re- de­lib­er­ated on the rec­om­men­da­tions and amend­ments made by the Na­tional Coun­cil on the Anti- Money Laun­der­ing and Coun­ter­ing of Fi­nanc­ing of Ter­ror­ism Bill of Bhutan 2017.

The Bill was passed in the 9th ses­sion of the Na­tional Assem­bly and trans­mit­ted to the Na­tional Coun­cil. The House, dur­ing the re­de­lib­er­a­tion, ac­cepted most of the rec­om­men­da­tions and amend­ments made by the Na­tional Coun­cil.

How­ever, it was noted that the Na­tional Coun­cil had deleted the sec­tion 278 of the Pe­nal Code of Bhutan un­der sec­tion 4.2 of the Bill. The Mem­ber of Par­lia­ment from Dramedtse-Ngat­shang con­stituency MP Ugyen Wangdi said that Sec­tions 277, 278 and 329 ( b) of the Pe­nal Code of Bhutan have to be im­ple­mented to­gether.

How­ever, the House de­cided that the Chair­per­son of the Good Gov­er­nance Com­mit­tee ( Na­tional Assem­bly) and Eco­nomic Af­fairs Com­mit­tee ( Na­tional Coun­cil) dis­cuss the mat­ter and sub­mit a re­port to the House be­fore vot­ing on the Bill.

The ob­jec­tive of the Bill is to pre­vent money laun­der­ing and fi­nanc­ing of ter­ror­ism. Fi­nance Min­is­ter, Ly­onpo Nam­gay Dorji said that it was an im­por­tant Bill that the Par­lia­ment needed to pass at the ear­li­est.

He said that it would help Bhutan get ac­cess to fi­nan­cial as­sis­tance from in­ter­na­tional agen­cies and other coun­tries. If a per­son in­ten­tion­ally or know­ingly, di­rectly or in­di­rectly, pro­vides or col­lects fund with the in­ten­tion that such funds are to be used to carry out a ter­ror­ist act, that per­son would be guilty of of­fence.

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