Anti Money Laundering Act 2001 (AMLA)

Draft Anti Money Laundering Bill, 2005

Upon the adoption of the forthcoming law concerning action to combat money laundering and the financing of terrorism, the name will be changed to Agency for Combating Money Laundering and the Financing of Terrorism .

The bill amending the Money Laundering Act is in the same situation.

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.

The Money Laundering Act (Decree No. 45 2002) has made it possible to set up a coordinated system for analysing and monitoring unusual financial transactions related to organized crime and for detecting operations that finance terrorist, drug trafficking and other types of organizations.

Mechanisms for the implementation of the Money Laundering Act and measures taken for that purpose

Countering money laundering

Countering money laundering

The Money Laundering Act

Measures to combat money laundering

(b) Countering money laundering

Countering money laundering

The Anti Money Laundering (Miscellaneous Provisions) Act, which was passed in August 2003 and

The draft Anti Money Laundering Bill, 2005 has been approved by the Cabinet.

(g) Measures to combat money laundering

Measures to combat money laundering

A Bill entitled An Act to Amend the Money Laundering Act

Other agencies are also required to cooperate with AMLO in implementing the Anti Money Laundering Act.

For action against money laundering

Enclosure offset (pp 3 4)

A national anti corruption strategy was developed and an anti money laundering act was enacted in Sierra Leone.

The activities of Money Remittance or Transfer services will be monitored and regulated by proposed amendments to the Anti Money Laundering Act.

In addition, they will check whether any transactions fall under the provision of Anti Money Laundering Combating the Financing of Terrorism law and will report to the AMLO and BOT if they are obligated to do so.

As stated above, the proposed title of the new law is Law concerning Action to Combat Money Laundering and the Financing of Terrorism .

Provision of training on measures to combat money laundering.

The Regulations concerning anti money laundering procedures

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

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

Update on AML CFT review

Law on Prevention of the Laundering of the Proceeds from Crime

The Act on Preventing Money Laundering established a normative framework against money laundering, including the control of financial transactions.

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

(a) Consideration of measures to combat money laundering (article 7)

(i) Consideration of measures to combat money laundering (article 7)

In order to strengthen the existing legal framework and especially to include the other serious offences as predicate for the offence of money laundering, the draft Anti Money Laundering Bill 2005 is presently in the process of enactment.

Issue 2. Countering money laundering and controlling non institutional financial and value transfer arrangements

The amendment to the Anti Money Laundering Act was passed on 8 April 2004 and took effect on 1 September 2004.

(e) Measures to combat economic crime, including money laundering

These seminars examined the various legislation implemented to combat money laundering.

Azerbaijan reported that a draft law on money laundering was being developed.

Q.1.3 Pakistan has indicated that the draft Anti Money Laundering law, when enacted, will bring Pakistan's money laundering law into conformity with international standards, including the establishment of the National Financial Intelligence Centre, Pakistan's financial intelligence unit.

In addition, as mentioned above, article 7 of the Money Laundering Act contains a response to the Committee's questions.

The provisions on combating money laundering apply to all member States.

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.