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.

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

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.

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.

Statistical data on legal action taken to combat money laundering

Establishment by presidential decree of the Inter Agency Commission to Combat Money Laundering.

Efforts to develop a sound anti money laundering programme have proceeded.

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.

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

(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

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).

Another underlined the importance of the work of the Global Programme against Money Laundering in supporting activities to combat money laundering, in particular through its mentoring programme.

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.

However, representatives differed with one another on the question of the present need for an international instrument against money laundering.

One representative was in favour of considering the negotiation of a comprehensive international instrument against money laundering.

One representative was in favour of considering the negotiation of a comprehensive international instrument against money laundering.

With regard to money laundering, some progress has been achieved with the establishment of a regional body to combat money laundering, the Eurasian Group.

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.

As a reflection of its political will to combat money laundering, the international community has launched several multilateral initiatives to serve as legislative and policy frameworks to be used by States in defining and adopting countermeasures.

(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

In 1997, the United Nations Office on Drugs and Crime (UNODC) established the Global Programme against Money Laundering to address United Nations convention based mandates against 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.

The desirability of a new global instrument to address money laundering was discussed, as well as the importance of fully utilizing the existing legal frameworks against money laundering.

A continuing challenge facing several States in the investigative, prosecution and trial phases was the lack of financial resources and trained personnel with the operational know how required to achieve the forfeiture of assets.

Countering money laundering

Countering money laundering

Countering money laundering

Money laundering

The establishment of a financial intelligence unit is one of the important initial steps in establishing an effective national regime against money laundering.

Measures to combat money laundering

Measures to prevent money laundering

(b) Countering money laundering

Countering money laundering

(m) Criminalization of money laundering

Furthermore, Regulation 9 of the Financial Intelligence and Anti Money Laundering Regulations 2003 imposes a legal obligation on banks, financial institutions and cash dealers to implement internal controls and other procedures to combat money laundering and financing of terrorism.

Has served in the field of public sector reform, restructuring and regulation of the financial services sector, development and implementation of national anti money laundering controls.

Another underlined the importance of the work of the Global Programme against Money Laundering in supporting activities to combat money laundering, in particular through its mentoring programme. Information was also provided on the confiscation of assets and proceeds of crime and the sharing of such proceeds.

It provides technical assistance to States to develop the infrastructure necessary for fighting money laundering and implementing treaty provisions.

The Office has also helped Member States to implement international standards to combat money laundering and terrorist financing through direct technical assistance.

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

All major regional organizations have adopted legal instruments against corruption and development of regional organizations to counter money laundering and financing of terrorism continued.