The Act amends the Money Laundering Act, No 11 of 2011 to expand the scope of Money Laundering offences and enhance customer due diligence measures. The Act is divided into three parts namely; Provision of Money Laundering, offences and miscellaneous provisions. The sections amended by the 2012 Act include: Sections 2(5), 3, 6, 9, 10, 11, 12, 15, 16, 20, 23, 25 and the citation. This paper seeks to review some salient sections of the Money Laundering (Prohibition) Act 2011 with a view to identifying areas of possible amendment to conform to international best practices.