Ethiopia: Lawmakers Approves Bill to Tighten Anti-Terrorism, Money Laundering Laws

18 June 2025
The Ethiopian Herald (Addis Ababa)

ADDIS ABABA - The House of People's Representatives (HoPRs) approved Proclamation No. 1387/2025 yesterday, a bill amending the national law aimed at preventing and controlling crimes related to the legalization of criminal assets and the financing of terrorism.

The House passed the proclamation by a majority vote, with three votes against and one abstention, following its presentation by Deputy Chairperson of the Law and Justice Standing Committee, Isa Boru.

According to Isa, 14 of the 58 articles in the original Proclamation No. 780/2013 have been amended to better reflect current realities and align with international standards in the fight against terrorist financing and the illegal acquisition of assets.

The Standing Committee noted that the amendments incorporate recommendations from the International Financial Task Force. Isa added that the ratified proclamation will support efforts to combat terrorist financing, money laundering, financial smuggling, and related crimes while also contributing to international credibility in these areas.

In a related development, the House also discussed and referred Draft Startup Proclamation No. 23/2025 to the Standing Committee on Human Resources Development, Placement, and Technology Affairs. The draft law seeks to create a supportive and enabling environment for startups.

BY MESERET BEHAILU

THE ETHIOPIAN HERALD WEDNESDAY 18 JUNE 2025

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