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{
    "id": 1369751,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1369751/?format=api",
    "text_counter": 220,
    "type": "speech",
    "speaker_name": "Tharaka, UDA",
    "speaker_title": "Hon. George Murugara",
    "speaker": null,
    "content": " Thank you very much, Hon. Temporary Speaker. Allow me to second the approval of the Committee's Report on the establishment of the proposed Fund. I remember my days in the Committee on Delegated Legislation during the 12th Parliament with nostalgia. I remember how we used to go through these statutory instruments and eventually approved or rejected regulations in accordance with the Statutory Instruments Act. I have gone through the Committee’s Report and I am satisfied that these Regulations meet the requirements of the Act. These are requirements of the Act and they deserve to be approved by this House. The Proceeds of Crime and Anti Money Laundering Criminal Assets Recovery Fund is supposed to assist the Asset Recovery Unit deal with the funds recovered from proceeds of crime and anti-money laundering. These are regulations which have been formulated by the agency making regulation and it is important to note that all the requirements of the Statutory Instruments Act have been complied with. The requirements include the statutory timelines when they are supposed to be submitted to the House and public participation which is very important. This has been done to the fullest. The regulatory impact The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor"
}