Legislation criminalizing money laundering

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.

Draft legislation on money laundering had been finalized and was awaiting debate by the Parliament.

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.

Two thirds of the replying States explained that legislation against money laundering had also led to investigations, prosecutions or convictions for money laundering offences in their jurisdiction (see figure V).

Several States had recently adopted new legislation or amended existing laws and regulations on money laundering.

States have made good progress in the effective implementation of national legislation to criminalize money laundering.

Money laundering

Money laundering

Money laundering

The Group is responsible for coordinating efforts to combat money laundering and assist Governments in adopting appropriate legislation.

Countering money laundering

Countering money laundering

Countering money laundering

Countering money laundering

(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

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

Palau participates in money laundering detection training through the Asia Pacific Group on Money Laundering.

(b) Countering money laundering

(d) Increase in the number of pieces of national legislation related to money laundering and the financing of terrorism analysed in AMLID

Measures to combat money laundering

Measures to prevent money laundering

International standards on money laundering

Measures to combat money laundering

Investigation of money laundering offences

(m) Criminalization of money laundering

For action against money laundering

For action against money laundering

UNODC supported through mentoring, computer based training and assistance to regional bodies the development of legislation and basic capacity to fight money laundering.

It had also introduced legislation to deal with terrorist crimes, including laws on monitoring and suppressing the financing of terrorism and money laundering.

(g) Measures to combat money laundering

Anti Money Laundering Act 2001 (AMLA)

(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.

States where money laundering legislation had led to investigation, prosecution or conviction, by region (those responding in both the second and the third reporting periods)

Money laundering treated as an extraditable offence

A. Criminalization of money laundering legal framework

Trafficking offences are also included as predicate offences in the Prohibition on Money Laundering Law, 5760 2000 ( Prohibition on Money Laundering Law ).

Recognizing the importance of international cooperation and instruments of international and national laws and legislation for combating corruption, bribery and money laundering in international commercial transactions,

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.

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.

(e) States should consider establishing FIUs to counter money laundering and, where applicable, participate in relevant regional and international anti money laundering mechanisms

Punishes the financing of terrorism and money laundering

Typologies or techniques of money laundering develop constantly.