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An agreement to set up an inter-departmental forum to combat money-laundering and the financing of terrorism has been reached between Finance Minister Malusi Gigaba and Justice Minister Michael Masutha. It would replace the Counter Money-Laundering Advisory Council (CMLAC) and would aim to improve the quality of consultation for the implementation of the Financial Intelligence Centre Act. Gigaba said in a written reply to a parliamentary question by DA finance spokesperson David Maynier that the mandate of the forum or committee "would be to promote discussion, collaboration and co-ordination between the relevant law-enforcement agencies, government departments and regulatory authorities to ensure the South African authorities are more effective in implementing both the spirit and letter of the complete legal framework against money-laundering and terrorist financing."

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