The Island’s anti-money laundering and anti-terrorism financing laws have been brought up to date by MPs.Attorney General Mark Pettingill said the Proceeds of Crime Amendment Regulations, 2013 would ensure “consistency, transparency and compliance with Organisation for Economic Cooperation and Development regulations”.The move, supported by Shadow Attorney General Kim Wilson, was passed unanimously in the House of Assembly.The regulations apply to the definition of a beneficial owner under the 2008 regulations.Instead of applying to one who holds 25 percent interest in a company, the amendment sets that interest level — whether shares or voting rights, or capital in the case of trusts — at ten percent.