Accountants (Prevention of Money Laundering and Financing of Terrorism) (Amendment) Rules 2026

in the definition of “accounting entity”, replace “section 38B” with “section 2(1)”;

in the definition of “enhanced CDD measures”, replace “money laundering or financing of terrorism” with “money laundering, the financing of terrorism or proliferation financing”; and

in the definition of “individual practitioner”, replace “section 38B” with “section 2(1)”.

replace “relevant money laundering and terrorist financing information sources” with “relevant information sources on money laundering, the financing of terrorism and proliferation financing”; and

in paragraph (b), replace “money laundering and terrorism financing” with “money laundering, the financing of terrorism and proliferation financing”.

in the following provisions, replace “money laundering or the financing of terrorism” with “money laundering, the financing of terrorism or proliferation financing”:Rule 3(1)Rule 5(1)(b)Rule 7(6)Rule 10(1)(a)(i)(B)Rule 12(4)(b) and (c)Rule 13(3)Rule 14(1)(b) and (c)Rule 17(2)(a)(iii) and (3)(a)(i)Rule 18(2)(b) and (3)(b)Rule 21(1)(b)(i)(D); and

in the following provisions, replace “money laundering and the financing of terrorism” wherever it appears with “money laundering, the financing of terrorism and proliferation financing”:Rule 4(1), (2) and (3)Rule 5(3)(b)Rule 7(6)(d) and (e)(ii)Rule 8(1)(b)Rule 10(1)(a)(i)(A) and (b)Rule 11(2)(b)Rule 12(1), (2) and (3)Rule 17(1) and (2)(b)(i) and (ii)Rule 18(1), (3) and (4)Rule 20(2)(a) and (b)Rule 21(1)(b)(i), (ii) and (iii).