Laundering of proceeds of crime

Control of the proceeds of crime

Information was also provided on the confiscation of assets and proceeds of crime and the sharing of such proceeds.

5. In order to facilitate the recovery of proceeds of offences established in accordance with this Convention, States Parties may cooperate in providing each other with the names of experts who could assist in achieving that objective.

(e) Preventing and combating the transfer of proceeds of offences established in accordance with this Convention and recovering such proceeds

Special rules on proceeds

Criminalization of the laundering of proceeds of crime

Disposal of confiscated proceeds of crime or property

(a) Proceeds of crime derived from offences covered by this Convention or property the value of which corresponds to that of such proceeds

Prevention and detection of transfers of proceeds of crime

Proceeds derived from the offence

Proceeds from revenue producing activities

Accounting for proceeds from the sale of property

(v) Disposal of confiscated proceeds of crime (article 14)

(v) Disposal of confiscated proceeds of crime (article 14)

Money laundering and control of the proceeds of crime

(a) Proceeds of crime derived from offences established in accordance with this Convention or property the value of which corresponds to that of such proceeds

5. Income or other benefits derived from proceeds of crime, from property into which proceeds of crime have been transformed or converted or from property with which proceeds of crime have been intermingled shall also be liable to the measures referred to in this article, in the same manner and to the same extent as proceeds of crime.

(a) The assignor has received the proceeds under instructions from the assignee to hold the proceeds for the benefit of the assignee and

(g) Surveillance of the movement of proceeds of offences established in accordance with this Convention and of the methods used to transfer, conceal or disguise such proceeds

Maintaining statistical data on seized proceeds of money laundering

Maintaining statistical data on confiscated proceeds of money laundering

The Party transferring the proceeds of crime or property assumes no liability or responsibility for the proceeds of crime or property once they have been transferred and relinquishes all right or title to and interest in the transferred proceeds of crime or property.

Freezing, seizure and confiscation of proceeds of drug trafficking offences

Freezing, seizure and confiscation of proceeds of other serious crimes

Article 5 Sharing of confiscated proceeds of crime or property

Article 6 Payment of shared proceeds of crime or property

Property that is the proceeds of, or involved in, the financing of terrorism, terrorist acts or terrorist organisations can be confiscated through the Proceeds of Crime Act 2002.

Terrorists are also often dependent upon the proceeds of crime.

The soldiers then take half the proceeds.

Construction proceeds on several major industrial projects.

Laundering of proceeds of other serious crimes considered a criminal offence

Law on Prevention of the Laundering of the Proceeds from Crime

Irish recovery cannot occur without European recovery.

Recovery of payments

Recovery of maintenance

States reporting measures for freezing, seizure and confiscation of illicit proceeds

Article 4 Requests for sharing confiscated proceeds of crime or property

2. If proceeds are received by the assignor, the right of the assignee in those proceeds has priority over the right of a competing claimant in those proceeds to the same extent as the assignee's right had priority over the right in the assigned receivable of that claimant if

conversion or transfer of the proceeds of crime (article 6.1 (a) (i))

concealment or disguise of the proceeds of crime (article 6.1 (a) (ii))

The latter provision facilitates the tracking or tracing of proceeds of crime.

Criminalization of the laundering of proceeds of crime (art. 6, para. 2 (d))

Model Bilateral Agreement on the Sharing of Confiscated Proceeds of Crime or Property

Model Bilateral Agreement on the Sharing of Confiscated Proceeds of Crime or Property