 Mr. Speaker, I beg to present for second reading a bill short entitled United Nations Sanctions Counterprofileration Financing Agreement. Mr. Speaker, United Nations Sanctions Counterprofileration Financing Amendment Act 2023 amends the United Nations sanctions counterprofileration financing act cap 12.30 in keeping it a financial action task force FETF recommendations particularly recommendation number seven which relates to targeted financial sanctions related to proliferation. Mr. Speaker, St. Lucia's fourth round mutual evaluation report, MR, was posted globally on the financial action task force website as of January 25, 2021 is there for everyone to see. St. Lucia's mutual evaluation report highlights the deficiency related to counterproliferation financing. Since that report, St. Lucia has enacted the United Nations Sanctions Counterproliferation financing act. However, the act does not satisfy all the requirements of recommendation number seven but she wanted to revise financial action task force FETF 40 recommendations. St. Lucia must address these deficiencies in order to apply for re-rating at the November 2023 plenary. St. Lucia is expected as part of his follow-up processes to apply for re-rating at the November 2023 plenary on the FETF 40 recommendations that related as non-compliant and partially compliant in his mutual evaluation report, the MR. The United Nations Sanction Counterproliferation financing act has been identified as one of the critical enactments in need of amendments for the purposes of re-rating of the re-rating process. In order to correct dilated deficiencies, Mr. Speaker, amendments to the act are hereby sought to allow for the following provisions. Recommendation number seven, counterproliferation financing. The United Nations Sanctions Counterproliferation financing act, cap 12.3 knots, are after referred to as the act, does not explicitly state that the Attorney General is a competent authority in matters of proliferation financing. It is therefore recommended that this be amended to make it clear that the Attorney General is a competent authority. This amendment would satisfy the requirement for legal authority to be identified for the purposes of implementing unenforcing targeted financial sanctions. Listed NGA and B under section two of the act should be amended to include an expression and any other successor resolutions. Section action under section two of the act should refer to section two, section two, part A, to the Money Laundering Prevention Act. Section two of the act should also include other business activities as described in schedule two, section two, part B, to the Money Laundering Prevention Act. To amend section four, two of the act to include a representative of the director of public prosecutions and representative of the Department of Finance. To amend section one four of the act to direct that the actions to be performed therein are performed without delay. To insert a new provision to direct all natural and legal persons within the country to freeze without delay, any without prior notice the funds or assets of designated persons or entities. To amend section seven of the act to add a provision for solution to submit prior notification to the Security Council of the intention to make or receive payments under the contract or to authorize or appropriate the unfreezing of funds or financial assets or economic resources for the purpose, turn the working days prior to such authorisation. To include the amendment of section 17, the following, that the Attorney General has determined that the contract is not related to any of the prohibited items, materials, equipment, goods, technologies, assistance, training, financial assistance, investment, brokering of services referred to in the United Nations Security Council resolutions two, two, three, one, and any future successor resolutions. B, that Attorney General has determined that the payment is not directly and directly received by a personal entity subject to the measures in parallel six of NXB to the United Nations Security Council resolution UNSCR. To amend section 23 of the act to refer to all persons and not simple financial institutions. To amend section 25 and 26 of the act to provide an exception to the prohibition stated under these provisions where that percentage is licensed or for rise otherwise notified in accordance with the relevant United Nations Security Council resolutions. To insert a new section into the act to refer to mechanisms for communicating designations to financial institutions and designated non-financial business and professions called the DNFBPs immediately upon taking such action, freezing action and providing clear guidance to financial institutions other personal entities including DNFBPs that they are holding targeted funds or assets on the obligations in taking action on the freezing mechanisms. These amendments make these functions the responsibility of the Financial Intelligence Authority and the Eastern Caribbean Central Bank as they are the supervisors for anti-money, laundering, counter-terrorism financing and counter-proliferation financing designated on the Money Launching Prevention Act. To amend section 21 of the act to make provision for a person of financial institution or DNFBPs to report to the competent authority on any assets which have been frozen or any prohibitive action taken in compliance with the relevant United Nations Security Council resolutions including Attemptentions Actions. To insert a new section into the act to allow the competent authority to monitor personal entities including DNFBPs compliance with the relevant obligations and when necessary to have the appropriate civil administrative or criminal extensions attached for non-compliance. To insert a new section into the act to allow for the infusion of funds or other assets of persons or entities with the same or similar name as designated persons or entities with the same or similar names as designated person entities who are wrongly affected by a freezing mechanism upon verification that said person is not a designated person or entity. This new revision should also create a mechanism to inform financial institutions and DNFBPs of the facts of unfreezing and delisting and the obligations there to. Relation to the process of unfreezing and delisting, this could be placed in a schedule to the act. Mr. Speaker, the person of these amendments in this Honourable House will bring solution to being fully compliant to the FETF's recommendation and prevent solution from being blacklisted. These amendments are therefore presented to you, this Honourable House, Mr. Speaker. Mr. Speaker, this is another of our obligations and we have another bill, Mr. Speaker, where I will speak on it in more detail, Mr. Speaker, but this is another of our obligations that the international financial, the international financial role is putting on small islands, Mr. Speaker. Small islands, we have to comply with all these rules, all these amendments, Mr. Speaker, small islands. But, Mr. Speaker, the clauses have been detailed, the changes have been detailed in the documents before the House, Mr. Speaker. I don't think there's any need for me to go through them, but in the other bill, Mr. Speaker, I will speak to more detail about our commitments under the FETF, Mr. Speaker. But what this bill does, it improves, makes us compliant with recommendation 7 of the Financial Action Task Force, Mr. Speaker, and it ensures that we make the necessary changes, including making the Attorney General, the designated authority, specifying that, Mr. Speaker, and also including the representative of the Director of Public Prosecutions to have a role, Mr. Speaker, in counterproliferation and financing, Mr. Speaker. Mr. Speaker, as I said, I speak in more detail on the other bill and I ask the Attorney General members to support this bill, Mr. Speaker. I thank you.