Money laundering was considered a serious offence in most countries (86 per cent), as well as an extraditable offence (70 per cent).

Money laundering was considered a serious offence in most countries (86 per cent), as well as an extraditable offence (70 per cent).

It is also an offence to provide or collect funds for a terrorist act.

Furthermore, any sexual abuse committed at any such institution constituted a penal offence.

Under the Criminal Code 1995, it is an offence to provide, or receive funds from, a terrorist organisation.

16. States Parties may not refuse a request for extradition on the sole ground that the offence is also considered to involve fiscal matters.

Penalties for failure to declare transborder cash transactions ranged from fines and or seizure or confiscation of all or part of the value of the undisclosed sum to imprisonment.

7. Cooperation under this article may be refused by a State Party if the offence to which the request relates is not an offence covered by this Convention.

4. Nothing in this Protocol shall prevent a State Party from taking measures against a person whose conduct constitutes an offence under its domestic law.

The reason for the commencement of criminal proceedings is a report of a criminal offence or other information indicating that a criminal offence has taken place.

(b) Serious crime shall mean conduct constituting an offence punishable by a maximum deprivation of liberty of at least four years or a more serious penalty

Money laundering was an extraditable offence in most of the States reporting in the third period (72 per cent, compared with 75 per cent in the second period and 65 per cent in the first).

Ms. Ragnarsdóttir (Iceland) said that the Public Announcements by the Ministry of Foreign Affairs, by which all Security Council resolutions were implemented in Iceland, had a legal basis in Act No. 5 1965 which established that procedure and also made any violation of a Public Announcement a criminal offence.