Cabinet nods repeal of FIC Act
CABINET has approved the introduction of a bill to Parliament to facilitate the enactment, amendment or repeal of the Financial Intelligence Act No. 46 of 20IO in compliance with the Financial Action Task Force (FATF) recommendations.
Chief Government spokesperson, Dora Siliya said the 12th Special Cabinet held at State House yesterday also allowed the tabling of bill in the House that would facilitate the enactment, amendment or repeal of Anti- Terrorism and non-Proliferation Act No. 6 of 2018; Banking and Financial Services Act No. 7 of
2017; and the Casino Act, Cap 1 57; Companies Act No. 1O of 2017.
She said in a statement that others were the Lands (Perpetual Succession) Act, Cap 186; Non- Governmental Organisation Act No. 16 of 2009 ; and Securities Act No. 41 of 2016.
Ms Siliya said reviews were also being done to implement the necessary legislative and institutional reforms within the required timelines in order to avoid Zambia facing restrictions and sanctions on the international financial market.
“Cabinet approved, in principle, the introduction of bills in Parliament to facilitate the implementation of Zambia's Second Round Mutual Evaluation of its Anti-Money Laundering and Countering the Financing of Terrorism and Proliferation Regime,” she said. Ms Siliya said Cabinet also approved the introduction of a bill to amend the Legal Aid
Act, Cap. 34 in order to enhance the provision of legal aid services to citizens.
“Cabinet also approved in principle to introduce a Bill in Parliament to repeal and replace "The Chiefs Act of 1965, Cap 287 and the Registration and Development of Villages Act of 1971, Cap 289 of the Laws of Zambia," in order to strengthen the legal and policy framework of the roles and functions of the institution of chieftaincy,” she said.
Ms Siliya said Cabinet had also committed itself to fighting the Coronavirus by continuously sensitizing the
people on measures and living a healthy life under the circumstances on what was said to be the ‘ The New Normal – Living with COVID-19’.
Meanwhile, Ms Siliya said Cabinet had approved the appointment of a 9-member National Institute for Public Administration (NIPA) Board and approved the final appointment of the Zambia Law Development Commission Board. She also said Cabinet approved the granting of diplomatic status at the level of an international organisation, to the International Centre for Tropical Agriculture (CIAT).
Ms Siliya “Cabinet also approved in principle to introduce a Bill in Parliament to repeal and replace “The Chiefs Act of 1965, Cap 287 and the Registration and Development of Villages Act of 1971, Cap 289 of the Laws of Zambia,”