El Salvador Approves Forfeiture ActThe standard allows the state to seize assets related to illicit operations based on tax fraud, money laundering, drug trafficking or organized crime.Friday, November 8, 2013
Salvadoran Congress also agreed to add the crimes of fraud along with those of public finances and corruption to the Special Law on Forfeiture and Management of Property of Illicit Origin or Destination. Source: CentralAmericaData.COM Costa Rica: The New Law Against Money LaunderingMay 2017 Once enacted, the newly approved law will force accountants, lawyers, realtors, and other professionals to report suspicious transactions made by their clients. Organized Crime and Capital GrowthFebruary 2016 In criminal proceedings declared as special because of their delinquent nature, such as organized crime in Costa Rica, demands can be made, by civil means, for explanations of capital increases on the part of natural or legal persons who may lose them if they are not able to prove the legality of their origin. Law Against Money Laundering in HondurasDecember 2014 Although two articles are still pending, the Special Law Against Money Laundering Crimes approved by congress establishes harsher penalties for money laundering. Panama: Bill on Forfeiture of AssetsNovember 2013 A draft bill proposes that the state seize goods from money laundering and other illicit activities.
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