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)
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