Laundering of the proceeds from corruption

Laundering of proceeds of crime

Preventing the laundering of proceeds of corruption

Criminalization of the laundering of proceeds of crime

Money laundering and control of the proceeds of crime

Corruption is often linked with the laundering of illicit proceeds.

Maintaining statistical data on seized proceeds of money laundering

Maintaining statistical data on confiscated proceeds of money laundering

Law on Prevention of the Laundering of the Proceeds from Crime

Figure I States reporting measures against laundering proceeds of crime

Laundering of proceeds of other serious crimes considered a criminal offence

Criminalization of the laundering of proceeds of crime (art. 6, para. 2 (d))

Following the conviction of a bank teller for laundering the proceeds of drug trafficking, the police issued a statement that the conviction was conveying the message that laundering proceeds of crime will not be tolerated.25

In our Hemisphere alone trade based money laundering has been responsible for laundering billions of dollars of illicit narcotics proceeds.

Criminalization of money laundering, including the issue of laundering of self proceeds as far as Ms. Chung is concerned, could also be discussed here.

The 1988 Convention provides the foundation for international cooperation to prevent the laundering of the proceeds of illicit drug trafficking by requiring parties to establish as offences in their domestic law the laundering of such proceeds and to cooperate in the investigation and prosecution of such offences.

5 (XXXVII) Money laundering and control of proceeds from illicit traffic in narcotic drugs and psychotropic substances

Currently, Anguilla has in place effective anti money laundering legislation, including the Proceeds of Criminal Conduct Act, 2000 the Money Laundering Reporting Authority Act, 2000 the Anti Money Laundering Regulations the Guidance Notes on the Prevention of Money Laundering and the Criminal Justice (International Cooperation) (Anguilla) Act.

Money laundering is generally understood to mean the processing of criminal proceeds to conceal or disguise their illegal origin.

UNODC is the focal point in the United Nations system for issues related to money laundering and proceeds of crime.

The Russian Federation has set up a Police Investigation Office to make the prevention of laundering of proceeds more effective.

The fight against money laundering began by targeting the laundering of proceeds of drug related crimes, but it gradually became clear that money laundering in relation to other serious crimes caused similar threats to society and should therefore be addressed similarly.

The law concerned laundering and predicate offences, thus allowing the prosecution of those who assisted in laundering the proceeds derived from one or more of the criminal acts indicated by the new law.

Report of the Secretary General on international, regional and other initiatives for the prevention and control of the laundering of the proceeds of crime and the control of such proceeds (E CN.15 1996 3)

The measures to combat money laundering would be implemented by the Office for the Prevention of Laundering of Proceeds Derived from Criminal Activities of the Prosecutor General's Office in close cooperation with the State Revenue Service.

Bilateral and multilateral conventions would consolidate the effects of international instruments aimed at preventing money laundering and investment of the proceeds of criminal activities.

5. Development and maintenance of the database on measures for tracing, monitoring and forfeiture of the proceeds of crime, monitoring of large scale cash transactions and other means of preventing and controlling the laundering of the proceeds of crime (in the context of the UNDCP Crime Prevention and Criminal Justice Division project on money laundering) (1998 and 1999) (XB)

The Conference adopted a declaration in which the Governments of the three Baltic States agreed to prevent the use of their financial institutions for the laundering of criminal proceeds and to harmonize their national legislation against money laundering.

The following unusual transactions were identified in 2004 pursuant to Act No. 367 2000 Coll. on the protection against laundering of the proceeds of crime

Further to the recommendation concerning the inclusion of corruption and bribery among the predicate offences foreseen by legislation against money laundering, criminal legislation should be strengthened by making the laundering of proceeds from corruption and bribery a criminal offence.

The idea was principally to study how to implement the criminalization provisions relating to laundering the proceeds of crime, corruption and participation in organized criminal gangs.

5 (XXXVI) Coordinated action against money laundering with particular reference to control of proceeds from illicit traffic in narcotic drugs and psychotropic substances

Governments should ensure that their legal regimes include the ability to act against narcotics related money laundering, the proceeds of other criminal acts and terrorist financing.

In fact, the involvement of terrorist groups in money laundering could increase in the future as they seek to legitimize the proceeds of their burgeoning criminal activities.

It was developing a comprehensive policy and legislation to address the financing of terrorism within the context of its draft money laundering and proceeds of crime bill.

These offences include the maintenance and use of slush funds, aiding and abetting, conspiracy, accounting offences, falsification or forgery of documents and the laundering of illicit proceeds.

On 28 January 2003, the President of the Union signed an Order on the laundering and confiscation of the proceeds of crime and on international cooperation in that regard.

5. Acknowledge the need to adopt a coordinated hemispheric strategy to prevent and punish the laundering of criminal proceeds, including the consideration of an Interamerican convention on this subject

9. Invites Governments to strengthen international cooperation aimed at preventing and combating corruption and the laundering of proceeds derived from trafficking, including for purposes of commercialized sexual exploitation

The CTC would like to point out that Casinos could offer an attractive venue for laundering illegal proceeds, as well as a possible source for financing terrorist activities.

Governments were invited to report whether their relevant authorities maintained statistical data on confiscated proceeds as a result of legal action taken to combat money laundering.

(b) If there exists substantiated evidence of influence from proceeds resulting from internationally recognized criminal activities such as the illicit drugs trade, money laundering or the illegal arms trade

Also, the suggestion by the High level Panel on Threats, Challenges and Change that a global legal instrument is required on money laundering provides renewed focus on the effectiveness of current arrangements and the viability of possible future arrangements to counter the laundering of criminal proceeds.

Governments were asked to report whether their relevant authorities kept statistical data on the results of legal action taken to combat money laundering, such as data on seized proceeds.

(d) Detection and monitoring of the movements of proceeds of crime, property, equipment or other instrumentalities and methods used for the transfer, concealment or disguise of such proceeds, property, equipment or other instrumentalities, as well as methods used in combating money laundering and other financial crimes