Measures to prevent money laundering

Law on Prevention of the Laundering of the Proceeds from Crime

Measures to prevent and detect money laundering in financial entities

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.

Seminar on the Prevention of Money laundering and Financing of Terrorism, organized by the Banking Association of Mexico

This means that only the measures to prevent money laundering apply in these territories at the moment.

Money laundering

Countering money laundering

Countering money laundering

Countering money laundering

Money laundering

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

Measures to combat money laundering

(b) Countering money laundering

Countering money laundering

(m) Criminalization of money laundering

Several speakers called for a renewed focus on the prevention and control of money laundering and the confiscation of criminal proceeds, with a view to impeding criminals from disguising and benefiting from their ill gotten gains.

(g) Measures to combat money laundering

International Maritime Organization

Measures to combat money laundering

For action against money laundering

In 1988 the Basel Committee on Banking Supervision1 issued Prevention of the Criminal Use of the Banking System for the purpose of money laundering.

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.

Legislation criminalizing money laundering

(i) States are encouraged, where possible, to share the costs of the delivery of technical assistance in the area of preventing money laundering

Anti Money Laundering Act 2001 (AMLA)

A. Criminalization of money laundering legal framework

Investigation of money laundering offences

Money laundering and control of the proceeds of crime

For action against money laundering

Provision of training on measures to combat money laundering.

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).

Money laundering treated as an extraditable offence

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

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

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

(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

(ii) Money laundering (article 7), within the scope of the Convention

(p) Typology or modus operandi of money laundering

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

In the area of money laundering prevention, the Office continued to deploy professional expertise in the field to train people and build institutional capacities, delivering direct technical assistance in States and regions.

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.

Pursuant to a legislative decree on money laundering, a financial intelligence unit had been established within the Central Bank of Kuwait with national responsibility for combating money laundering and the financing of terrorism.

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.

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.