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{
    "id": 1280578,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1280578/?format=api",
    "text_counter": 618,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "(2) The provisions of this section shall come into effect six months from the date of commencement of this section. The justification by the LSK is that the amendment is to enable LSK to issue enforceable guidelines for anti-money laundering and counter terrorism financing purposes. The amendment shall come to effect six months from the date of enactment so as to allow the LSK to do the following: Sensitise LSK members on the new requirements, set up LSK structures to take on board these new responsibilities and give an opportunity to the LSK to consider best practices and develop appropriate regulations. The regulations are going to be developed under subsection (2)(d), which is the concern Hon. Kajwang’ had as regards specific regulations, guidelines, directions, and rules which apply to this particular new provision. It is, therefore, clearly covered by the proposed amendment."
}