of July 19, 2000 No. 426-Z
About measures for prevention of legalization of income gained in the criminal way and financings of terrorist activities
Accepted by the House of Representatives on June 9, 2000
Approved by Council of the Republic on June 30, 2000
This Law for the purpose of protection of the rights and legitimate interests of citizens of the Republic of Belarus, society and the state establishes legal and organizational basis of taking measures to prevention of legalization of income gained in the criminal way and financings of terrorist activities.
The beneficial owner - the physical person (in case of impossibility of its establishment - the organization) who is owner of property of the organization or owns shares (shares) in authorized capital of the organization in the amount of, equal or exceeding 10 percent, including through other physical persons and (or) other organizations and has opportunity to influence the decisions made by it.
Internal control - set of measures for prevention and identification of the financial transactions connected with legalization of the income gained in the criminal way, and financing of terrorist activities accepted by persons performing financial transactions.
Income gained in the criminal way - the means received as a result of crime execution, and equally in income gained from use of the specified means.
Legalization of income gained in the criminal way - giving of lawful type to ownership, use and (or) the order of income gained in the criminal way for the purpose of concealment or misstatement of their origin, the location, placement, movement or their valid accessory including correlated to this income of the rights.
Persons performing financial transactions:
banks and non-bank credit and financial organizations;
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The document ceased to be valid since January 4, 2015 according to article 18 of the Law of the Republic of Belarus of June 30, 2014 No. 165-Z