The relevant national authorities are expected to provide practical guidance as to what constitutes suspicious transactions for the use of financial institutions.

AMLO has received some suspicious transaction reports from financial institutions.

According to the Anti Money Laundering Act B.E. 2542 (1999), there are 3 kinds of financial transactions that financial institutions have the legal obligation to report to the Anti Money Laundering Office (AMLO), namely 1) cash transaction reports, 2) properties transaction reports and 3) suspicious transaction reports.

(i) Verification of the identity of the banking or financial institution's regular clients and determination of the true identity of the holder of the economic rights in cases of transactions through agents, under cover of assumed names belonging to persons, institutions or companies or through numbered accounts

Regulations needed to ensure both the solvency and the viability of financial institutions, and the markets in which those institutions traded.

(4) Deposit banks, designated commercial banks, asset management agencies, security exchanges, securities registration and clearing agencies of a securities firm

Are financial institutions, other intermediaries and other natural or legal persons required to report suspicious transactions to the relevant authorities?

The quoted prices in the active market refer to the prices, which are easily available from the stock exchanges, brokers, industry associations, pricing service institutions and etc. at a fixed term, and which represent the prices at which actually occurred market transactions are made under fair conditions.

Persons submitting the reports, irrespective of cash or non cash transaction should provide the Authorized Body with the following information about the transactions concluded between them and a customer or a third party

Question on the requirement to report suspicious transactions by all financial institutions, as well as by insurance companies and other such intermediaries engaged in financial transactions.

A warning mechanism to meet the obligations on banks and financial institutions to report suspicious transactions (including those involving precious metals) and the submission of relevant reports by those banks and non banking financial institutions to a committee specialized in the analysis of financial information.

Financial institutions should be alert to attempts to evade the sanctions through spurious transactions or by third parties acting on behalf of listed individuals or entities.

Report to the Authority any business transaction where the identity of the persons involved, the transaction or any other circumstances concerning that business transaction gives any officer or employee of the financial institution reasonable grounds to believe that the transaction involves the proceeds of crime.

The Subsidiary Body for Scientific and Technological Advice (SBSTA) took note of the annual report of the administrator of the international transaction log (ITL) for 2005 (FCCC KP CMP 2005 5) and welcomed the progress reported on the development of the ITL.

Financial institutions are required to report transactions if the transaction involves more than US 10,000 and appears to have an unlawful purpose.

The matter was referred to the governing bodies of UNCTAD the Trade and Development Board and the Working Party.

If the listed company and the dealing party retain securities service organs, they shall sign confidentiality agreement with the securities service organs immediately.

IAEA, for example, pointed out that account should be taken of the average transaction volume, its distribution over all transactions, the structure of suppliers and volumes ordered per supplier along with research efforts per transaction.

The legal system in the Netherlands reportedly provided for adequate supervision of financial institutions, as well as those involved in financial transactions, such as notaries, lawyers and car dealers, and required them to report unusual financial transactions.

Consultations may be held directly between competition authorities, occur through diplomatic channels or the institutional machinery of a FTA.

Financial institutions have the legal obligation to urgently report transactions suspected to involve terrorist activities to AMLO as a suspicious transaction within 7 days from the date of executing the transaction.

The Virtual Institute on Trade and Development

International financial and trade institutions

Article 16 After the listed company signs the contract with the securities service organ, it shall not change the securities service organ without a legitimate reason.

In the absence of a Government agency monitoring activities to prevent the legalization of income and the financing of terrorism by persons carrying out financial transactions, such monitoring is carried out by the financial monitoring body.

A suspended financial transaction may be resumed if the financial monitoring body informs the person conducting the transaction that there is insufficient evidence that one of the parties to the transaction is involved in terrorist activity or is directed by persons involved in terrorist activity.

15. In addition, the administrative structures governing these institutions are commonly either fragile or rudimentary, and often involve large transaction costs.

1.11 The Supervision Department of the Central Bank is the body empowered to receive reports of suspicious transactions in Jordanian banks.

Financial institutions must inform the Public Prosecutor's Office about suspicious transactions linked to any act referred to in articles 1 or 2.

Presentation to appointment body

The rogue traders escorted from their desks by security guards are typically unsuccessful exponents of the martingale. And the opportunity to switch between the trading book and the banking book creates ready opportunities for financial institutions to realize gains and park losses.

In January 2005, UNDP concluded a series of inter agency meetings in New York, Geneva and Vienna, and consulted with relevant United Nations partner agencies on a number of inter agency functionalities with a view to ensuring effective control of inter agency transactions.

An extensive list of financial, non bank financial institutions and non financial entities is covered by the legislation, which will in future also include accountants, company and trust service providers, real estate dealers and dealers in precious metals and stones.

Have the institutions listed above (questions 2 6) checked for assets transactions under this name?

The National Bank defines the permitted combination of banking transactions which non bank credit and financial institutions may perform.

Financial institutions have at their disposal a wealth of useful information emanating from regular business transactions being conducted at any given moment.

However, the names of those who commit such transactions shall be put in the watch list for concerned agencies.

The priorities for the future were expansion of the network, assuring the security of transactions, improving standards and reinforcing institutional strength.

The new law mentioned in the reply to question 1.1 is aimed at authorizing the creation of such services in the future, as it imposes controls on such transactions as well as an obligation to report suspicious transactions to the Agency for Combating Money Laundering (the new law covers money transfer agencies, agencies issuing payment instruments, financial intermediaries, lawyers, notaries and accountants engaging in transactions on their clients' behalf).

As of now, Europe s Tobin tax proposals are not well targeted. Sound transactions would be taxed along with destabilizing, overnight financing of fragile financial institutions.

In 2001 434 children were transferred from medical institutions to care institution, including 330 children to social care institutions for orphans.

Article 30 of Supreme Decree No. 24771 sets out the obligation of financial entities to submit Suspicious Transaction Reports to the FIU.

In each country, Government and regulatory bodies should review and enhance the effectiveness of the trading and settlement systems.

Interventions to curb money laundering have relied heavily to date on financial institutions reporting suspicious transactions.

Through close cooperation with IAEA and other States parties to the Treaty on the Non Proliferation of Nuclear Weapons or members of the Agency, Switzerland is actively combating the illegal trade in nuclear technology.