The South Sudan National Assembly in session in Juba. [Gurtong | File]
By Waakhe Simon Wudu
JUBA, 07 August 2012 [Gurtong] - The order was presented by the Chairperson of the Committee of Economy, Development and Finance Paul Lugale.
Some members of the house wanted to make some amendment but their moves were opposed citing Article 111(5) of the National Legislative Assembly Conduct of Business Regulations 2011 which states that the parliament can only pass without amendments or reject any provisional order presented to the House.
Some members who had proposed for the rejection of the order said it should have been presented to the House as a bill for it to become law.
Members insisted that the country is in need of the order as there is no regulatory system to control activities of money laundering and counter terrorism financing.
During the voting, 124 members voted for the order against 41 who opposed.
Lugale said that the bill will help the government regulate the economy in areas of currency counterfeit and black market inflation.
Members said that many money launderers have been arrested but they are released on many occasions due to lack of a regulatory law.