Key provisions include:

• Customer information orders: Financial institutions are required to provide detailed customer information, including account details, identity evidence, and transaction history, on court order. Non-compliance or false statements attract fines up to US$50,000.
• Account monitoring orders: Courts may mandate financial institutions to monitor and report account activities for up to 90 days in investigations related to confiscation, civil recovery, or money laundering.
• International cooperation: The Act empowers authorities to assist foreign jurisdictions in identifying, freezing, and forfeiting assets linked to money laundering. Urgent requests must be acknowledged within 24 hours.
• Confiscation safeguards: Transactions intended to obstruct confiscation proceedings may be declared void. Violations of restraint orders may result in fines up to US$1.5 million or imprisonment up to 15 years.
• Legal assistance: Provisions for mutual legal assistance include obtaining evidence, facilitating testimony, and conducting searches.

For more information the Proceeds of Criminal Conduct (Amendment) Act, 2025 can be accessed here.