Antigua and Barbuda s1

ANTIGUA AND BARBUDA LAW Y N D IN FORCE PROPOSED E O R S A F T CREATION OF A CRIMINAL OFFENCE (A.1-C.1)  Money Laundering (Proceeds) Act, 1996, par. 2(1) and 5. FORFEITURE A.2.b (i) 1 FINANCIAL INFORMATION (sharing of financial information by  competent authorities) (A.3.a (i)) FINANCIAL INFORMATION (authorization of financial institutions to  provide information to authorities on their clients (C.2. a (i )) FINANCIAL INFORMATION (information exchange between  courts/authorities pursuant to international agreements (A.3.b (i) – C. 2. B (i) ) FINANCIAL INFORMATION (direct information exchange through  international agreements ( C.11)) LEGAL ASSISTANCE, (government authorized to respond to requests  Money Laundering (Proceeds) Act, 1996, par. 23 and as for legal assistance from other governments (C.6)) amended in 1998, par. 17. LEGAL ASSISTANCE (government authorized to exchange evidence  and information in money laundering investigations/prosecutions and for purposes of asset forfeiture (C.12)) SHARING OF FORFEITED ASSETS (C.7)  UNDERCOVER OPERATIONS (C.8)  FINANCIAL TRANSACTION RECORDS (requirement to keep and  Money Laundering (Proceeds) Act, 1996, par. 12(i). maintain clear and complete records) (C.10)  EVALUATION AND RECORD-KEEPING (basis or forum for evaluating funds transfer systems and on the basis of the evaluation, record keeping measures for f.i.’s and wire transmitters) (D.6)

 EXTRADITION (C.13)

1 This question was answered in the affirmative in the MEM questionnaire 2000, but no legislation was indicated.  Money Laundering (Proceeds) Act, 1996, par. 13. SUSPICIOUS/UNUSUAL TRANSACTION REPORTING ( D.2)

 RECORDING/REPORTING OF LARGE TRANSACTIONS (D.3)

 REGULATORY/OVERSIGHT AGENCIES (authority to supervise and impose administrative sanctions) (D.4)

 ANALYSIS AND EVALUATION OF ANTI-MONEY LAUNDERING LAWS AND OF MONEY LAUNDERING METHODS (D.5)

 NATIONAL FORFEITURE FUND (E.2)  Money Laundering (Proceeds) Act, 1996, par. 11(7). CENTER FOR THE COLLECTION, ANALYSIS AND SHARING OF INFORMATION (related to money laundering) (E.3)

 Money Laundering (Proceeds) Act, 1996, par. 11(8). TRAINING (E.5)