Laundering of proceeds of other serious crimes considered a criminal offence

(a) Proceeds of crime means any economic advantage from criminal offences.

5. Proceeds from crime means any economic advantage accruing from criminal offences committed within the framework of in relation with a criminal organization.

Curriculum on International Cooperation in Criminal Matters Extradition, Mutual Legal Assistance and Proceeds of Crime, 2002.

(b) Permitting the seizure and confiscation, including forfeiture, where applicable, of criminal instrumentalities and proceeds wherever found

Presented papers on international criminal law, the International Criminal Court, international penal law conventions, terrorism, corruption and proceeds of crime to various international forums and conferences

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

Recognizing that international criminal groups often convince individuals to migrate illegally by various means for enormous profits and use the proceeds from smuggling human beings to finance other criminal activities,

Nevertheless, the challenge remains to effectively implement the laws and show real progress in seizing criminal proceeds and prosecuting money launderers.

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

In order to be effective, judicial cooperation must include, inter alia, mutual judicial assistance on criminal matters, cooperation in freezing illicit proceeds and extradition agreements.

(b) To provide factual, concrete help to competent authorities that may contribute to depriving organized criminal groups of their resources or of the proceeds of crime.

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.

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.

Provisional court orders blocking payment or freezing proceeds are also authorized in the case of use of an undertaking for a criminal purpose (article 20(3)).

Criminal organizations, by engaging in transnational criminal activities that yield very high profits, such as illegal trafficking in drugs, not only obtain extensive financial resources for executing other kinds of criminal activities such as terrorism, but also corrupt some officials, launder the proceeds obtained from their activities.

15. Insert as new article 18, entitled Proceeds of crime , paragraphs 1 to 6 of the Optional Protocol to the Model Treaty on Mutual Assistance in Criminal Matters concerning the proceeds of crime, and delete the remaining text of the Optional Protocol, including the footnotes.

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.

When organized crime is unable to move its resources through legitimate financial systems, it moves its criminal proceeds illegally by exploiting weaknesses in the trade control system.

Special rules on proceeds

Security rights in proceeds

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.

States in which it is a criminal offence to launder the proceeds of drug trafficking, by region (those responding in both the second and the third reporting period)

54), which had already been provided for in the previous Penal Code. Similarly, the new Code of Criminal Procedures allowed the seizure of such proceeds and property (art.

12. The tracing and seizing of illicit proceeds is today widely recognized as being an effective weapon in the fight against drug trafficking and other organized criminal activity.

Laundering of proceeds of crime

Proceeds derived from the offence

Proceeds from revenue producing activities

Legalization of proceeds of crime

Proceeds from sale of equipment

(a) The proceeds of serious offences, or assets of a value equivalent to that of such proceeds

Has your country adopted measures to reduce existing or future opportunities for organized criminal groups to participate in lawful markets with proceeds of crime (art. 31, para. 2), including

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

(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

Manage the delivery of and deliver technical assistance to States on implementing legislation for the conventions, and international cooperation in criminal matters including restraint and confiscation of proceeds of crime

Document fraud and theft, for example, not only facilitates the free and undetected movement of members of terrorist groups, but also generate criminal proceeds to fund travel and other activities.

With regard to the control of illicit drug proceeds, States have continued to enact laws providing for the following the detection and repression of money laundering activities the confiscation of proceeds the provision of mutual legal assistance in criminal matters, including drug related offences and the establishment of precursor control mechanisms.

Control of the proceeds of crime

Laundering of the proceeds from corruption

Information was also provided on the confiscation of assets and proceeds of crime and the sharing of such proceeds.

Some delegations also noted the importance of the recovery of proceeds of fraud in public criminal law systems and of restitution and the compensation of victims in private commercial law systems.

The illegal proceeds shall be confiscated and a fine of 1 5 times of the illegal proceeds shall be imposed.

(e) Preventing and combating the transfer of proceeds of offences established in accordance with this Convention and recovering such proceeds

33. Expected proceeds from the sale of related property and salvage proceeds should not be netted against an environmental liability.

Since economic crimes, including money laundering, are committed for the purpose of obtaining profit, tracing, freezing, seizing and confiscating the proceeds of crime are the most effective measures against those criminal activities.