UNODC assists in the drafting of legislation against money laundering and has, in cooperation with IMF and the World Bank, prepared model legislation on money laundering and the financing of terrorism.

With respect to money laundering, however, the region is further ahead than some others in the developing world in putting in place legislation and institutions to combat money laundering.

Considerable progress has been made towards the objective of adoption by all Governments of national legislation to criminalize money laundering.

(a) Increase in the number of countries assisted in the development of comprehensive legislation and system to combat money laundering and financing of terrorism

Notable efforts have been made by a large number of States to adopt and apply domestic legislation that identifies money laundering as a criminal offence.

(b) States should adopt and implement legislation to criminalize the laundering of money derived from serious crimes in order to provide for the prevention, detection, investigation and prosecution of the crime of money laundering, including through

Money laundering

The President of Palau has submitted to the national congress legislation on chemical weapons, anti terrorism, people smuggling and trafficking in people, and money laundering amendments.

Countering money laundering

Countering money laundering

Countering money laundering

Money laundering

Some representatives provided information on new legislation against money laundering that had been introduced in their countries, including measures that expanded the scope of predicate offences.

Some representatives provided information on new legislation against money laundering that had been introduced in their countries, including measures that expanded the scope of predicate offences.

Nevertheless, countries in the region will need to continue their work to put in place legislation that complies with international standards and to set up appropriate machinery, in particular financial intelligence units.

Measures to combat money laundering

Measures to prevent money laundering

(b) Countering money laundering

Countering money laundering

(m) Criminalization of money laundering

(g) Measures to combat money laundering

International Maritime Organization

Measures to combat money laundering

For action against money laundering

Likewise, the revised version of the Anti Money Laundering Act has given the authority to the Anti Money Laundering Office to freeze suspicious funding relating to terrorist acts.

Legislation criminalizing money laundering

(i) States are encouraged, where possible, to share the costs of the delivery of technical assistance in the area of preventing money laundering

Anti Money Laundering Act 2001 (AMLA)

A. Criminalization of money laundering legal framework

Investigation of money laundering offences

Money laundering and control of the proceeds of crime

For action against money laundering

A number of speakers indicated that legislation against money laundering had recently been adopted in their countries and reported on the establishment, powers and functioning of their national financial intelligence units.

In the Islamic Republic of Iran, UNODC assisted in drafting legislation to combat money laundering and in developing plans for criminal justice system reform, with particular emphasis on fighting corruption.

Provision of training on measures to combat money laundering.

The current Danish Act on Measures to Prevent Money Laundering and Financing of Terrorism (The Act on Money Laundering) is not in force on the Faroe Islands or in Greenland.

Under Goal 20 of the National Strategy to Combat Money Laundering (ENCLA 2004) see text below , the Cabinet for Integrated Management and Combat against Money Laundering (GGI LD) is drafting a new bill, which will modify Law 9618 98 (which criminalizes money laundering).

Money laundering treated as an extraditable offence

(a) Measures to combat money laundering (art. 7 of the Convention)

Law on Prevention of the Laundering of the Proceeds from Crime

(s) The role of professionals in activities to combat money laundering

Advise on the State's policy for combating money laundering and the financing of terrorism and its implementation and propose appropriate reforms in that regard with a view to more effectively combating money laundering

Anti money laundering legislation was currently being drafted law enforcement agencies were targeting organized crime, smuggling, economic crimes and gangs and fighting crime was a top priority of its anti corruption agencies.

The National Assembly has passed a legislation outlawing money laundering and financing of terrorism, bringing the Armenian legislation in line with its international obligations to combat financing of terrorism and strengthening the ability of the Government to prosecute terrorism related offences.

(d) States should consider the adoption of measures to enable and facilitate the reporting and investigation of suspicious and or unusual transactions that may be linked to money laundering activities