Role of National Legal Systems in Combating Money Laundering

Scope of the Criminal Offence of Money Laundering

Recommendation 4
Each country should take such measures as may be necessary, including legislative ones, to enable it to criminalise money laundering as set forth in the Vienna Convention. Each country should extend the offence of drug money laundering to one based on serious offences. Each country would determine which serious crimes would be designated as money laundering predicate offences. (See Interpretative Note)

Recommendation 5
As provided in the Vienna Convention, the offence of money laundering should apply at least to knowing money laundering activity, including the concept that knowledge may be inferred from objective factual circumstances.

Recommendation 6
Where possible, corporations themselves - not only their employees - should be subject to criminal liability.

Interpretative Note to Recommendation 4
Countries should consider introducing an offence of money laundering based on all serious offences and/or on all offences that generate a significant amount of proceeds

Frame-work

Preventive measures