What legislation and procedures exist for freezing accounts and assets at banks and financial institutions?

The Baltic States committed themselves to develop and enact relevant legislation to ensure sustainability of financial controls and the integrity of financial institutions.

During the reporting period, Anguilla continued to improve its legislation and further develop its financial services.

During the period under review, the Government continued to improve the legislation regulating the financial industry.

Anguilla entered the field of financial services relatively late, the key legislation having been passed in 1994.

The legislation does not require a financial eligibility prerequisite and will be applied in a gradual manner.

Subparagraph (c) What legislation and procedures exist for freezing accounts and assets at banks and financial institutions?

Enact and enforce anti money laundering legislation to prevent financing of terrorism and make international financial transactions more transparent.

With environmental legislation drawing tighter almost everywhere, financial sector stakeholders are beginning to demand improved levels of environmental data.

Financial intelligence units in the region had increased the level of reporting suspicious activities and implementing anti money laundering legislation.

20. Panama was a member of the Caribbean Financial Action Task Force, and had incorporated its recommendations in national legislation.

The Commission was established in March 2004, as an independent regulatory body that focuses on licensing, supervision of licensees, monitoring of financial services in general, reviewing existing financial services legislation and making recommendations for new legislation, as well as maintaining contact with appropriate foreign and international regulatory authorities.3

All countries should enact and implement domestic legislation that embodies the 40 9 Recommendations of the Financial Action Task Force (FATF).

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.

Another recent development which the Financial Services Commission is working on is to introduce legislation to regulate and supervise money transmission services.

Prior to the adoption of these amendments, the financial legislation did not contain provisions concerning the prevention of the financing of terrorism.

It is necessary to draw up relevant legislation, set up suitable institutions and meet the financial commitments necessary for achieving the programmes.

In its regulatory role, the Financial Intelligence Unit maintains standing committees that ensure that the providers of financial transaction reports are consulted regarding the implementation and operation of the relevant provisions of the legislation.

32. According to press publications, Anguilla has become a viable offshore domicile and a well regulated financial centre for investors. A package of financial legislation has been enacted, including modern company and trust law.

In November 2003, the Delegate to Congress, Donna Christian Christensen, introduced controversial legislation that called for the creation of a Chief Financial Officer position.

Legislation has expanded gradually, and there is no doubt that it will continue to broaden in scope to cover more offences, including financial crimes.

Almost all Parties mentioned the need for more financial resources, appropriate technology, capacity building, information, public awareness and institutional capacity, legislation, economic instruments and enforcement.

Government is now preparing new primary legislation, the Anti Terrorism (Financial and Other Measures) Act, due to be introduced into Parliament in the Autumn 2004.

There is a need, however, to introduce appropriate legislation to harmonize these relations and clarify respective responsibilities, including the control and apportionment of financial resources.

Legislation

Legislation

Legislation

The new legislation provides a variety of tools and protections for people who have diminished capability to make their own decisions (e.g. financial, personal, health care).

The United Nations has been promoting the adoption of model anti money laundering legislation and has provided assistance to establish financial intelligence units in several countries.

. Many States expressed interest in receiving technical assistance in terms of, inter alia, promulgation of national legislation, training, planning, exchange of experience, research and financial aid.

Such a role requires specific actions on the part of the Governments including changes in legislation, strengthening of institutions and financial investment in the housing sector.

Identified by the Financial Services Action Plan (FSAP) as a top priority, the European Parliament and Council Directive 2001 24 EC on the reorganization and winding up of credit institutions fills a major gap in the financial services legislation.

Moreover, according to the legislation of the Republic of Armenia freezing of such financial funds is not contingent on the presence of such persons in any list.

The audit indicated that the financial statement of the Voluntary Trust Fund had been properly prepared in accordance with relevant accounting policies and the applicable Swiss legislation.

Housing legislation

International legislation.

Domestic legislation

MERCOSUR legislation

Federal legislation

Local legislation

Federal Legislation

State Legislation

Municipal Legislation

(a) Legislation

Constitutional legislation