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Panama; United States: Agreement on Forfeited Funds

(Jan. 6, 2014) The United States and Panama signed an agreement in October 2013 under which they will share over $36 million in forfeited assets. (Press Release, U.S. Department of Justice, U.S. Deputy Attorney General Cole and Panamanian Attorney General Belfon Sign Agreement to Share Forfeited Assets (Oct. 22, 2013).) The agreement was reached following […]

Indonesia: Bill on Money Laundering Considered in House

(Dec. 27, 2013) Indonesia’s House of Representatives (Dewan Perwakilan Rakyat Republik Indonesia) is considering a new law on money laundering. (Draft Law … on the Prevention and Suppression of the Crime of Money Laundering [in Indonesian], House of Representatives website (last visited Dec. 24, 2013).) The draft legislation is now listed as “under discussion by […]

Dominican Republic; United States: Agreement to Launch Trade Transparency Unit

(Nov. 1, 2013) On September 26, 2013, the Dominican Republic’s Customs Authority (DRCA) and the Homeland Security Investigations (HSI) directorate of U.S. Immigration and Customs Enforcement signed a letter of intent to set up a trade transparency unit in Santo Domingo, in order to share information and improve detection of commercial fraud and money laundering […]

Netherlands: Draft Legislation on Financial-Economic Crime

(July 17, 2013) It was reported on July 5, 2013, that the Ministry of Security and Justice has submitted to the lower house of the Dutch Parliament, the Tweede Kamer, draft legislation on financial and economic crime. The proposed law would tighten current provisions on such offenses found in the Penal Code and other laws. […]

Philippines; United States: Agreement to Launch Trade Transparency Unit

(July 9, 2013) On June 20, 2013, the Philippine Bureau of Customs (BOC) and the Homeland Security Investigations (HSI) directorate of U.S. Immigration and Customs Enforcement signed a letter of intent to set up a trade transparency unit in <?Manila, in order to share information and detect commercial fraud and money laundering in trade transactions. […]

Brazil: New Law Strengthens Fight Against Money Laundering

(July 16, 2012) On July 9, 2012, Brazilian President Dilma Roussef sanctioned Law No. 12,683 (Lei No. 12.683, de 9 de Julho de 2012, PLANALTO ), which amends the law that provides, inter alia, for the punishment of crimes involving money laundering as well as concealment of the utilization of assets, legal rights, and valuables […]

Mexico; United States: Agreement on Forfeited Funds

(Apr. 2, 2012) On March 26, 2012, it was announced that the United States and Mexican Attorneys General had signed a letter of intent whereby the United States will share about $6 million in forfeited money resulting from an anti-money laundering operation with Mexico's Department of Justice, in order to bolster Mexican operations aimed at […]

Angola: Money Laundering to Be Monitored by the Central Bank

(Jan. 10, 2011) The Governor of the Angolan Central Bank, José Lima Massano, recently announced that in the beginning of 2011 the bank will create a unit designed to prevent and detect acts that use the Angolan financial system to finance terrorism and money laundering. Massano anticipated that the unit will become operational during the […]

Angola: Parliament Approves Money Laundering Law

(June 3, 2010) On May 27, 2010, the Angolan Parliament unanimously approved a law to fight money laundering and terrorism financing. The law has 60 articles and, in regard to criminal responsibility of persons, includes punishments of up to 24 years in prison. According to a report prepared by the Angolan Commissions of Constitutional and […]

Kenya: New Anti-Money Laundering Law Enacted

(Jan. 8, 2010) On January 1, 2009, the DAILY NATION reported that Kenyan President Mwai Kibaki had signed into law The Proceeds of Crime and Anti-Money Laundering Bill, which was passed by the country's parliament in December. (Peter Leftie, New Law Against Money Laundering Signed, DAILY NATION, Jan. 1, 2010, available at http://www.nation.co.ke/News/-/1056/834562/-/voq05c/-/index.html.) The law […]