Clause 17

in section 2, in the definition of “FATF Recommendations”, replace “and the financing of terrorism” with “, proliferation financing and terrorism financing”;

in section 2, in the definition of “substantial shareholder”, after “Companies Act”, insert “1967”;

in section 5A, in the section heading, replace “and financing of terrorism” with “, proliferation financing and terrorism financing”;

in section 5A(3)(a), after “terrorism”, insert “, terrorism financing and proliferation financing”;

in section 5A(4), replace “section 39(1) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, the developer must, in accordance with section 39” with “section 45(1) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992, the developer must, in accordance with section 45”;

in section 5C, in the section heading, after “money laundering”, insert “, proliferation financing”;

in the following provisions, after “money laundering” wherever it appears, insert “, proliferation financing”:Section 5C(1), (2)(a) and (c), (3) and (4)Section 7A(1)Section 10(2)(f);

in section 5C(5), replace “or the financing of terrorism” with “, proliferation financing or terrorism financing”;

in sections 5D(1)(a) and 5E(1)(a), replace “(whether before, on or after the date of commencement of section 10 of the Developers (Anti‑Money Laundering and Terrorism Financing) Act 2018) of any money laundering or terrorism financing offence” with “(whether before, on or after the date of commencement of section 17(i) of the Anti‑Money Laundering and Other Matters (Estate Agents and Developers) Act 2025) of any money laundering, proliferation financing or terrorism financing offence”;

in section 7A(3)(b), after “Act”, insert “1965”;

in section 10(2)(f)(ii), replace “the financing of terrorism” with “terrorism financing”; and

in section 10(2)(f)(iii), after “terrorism”, insert “, terrorism financing and proliferation financing”.