Agreement of the State Parties of the Commonwealth of Independent States on counteraction of legalization (washing) of the criminal income and to terrorism financing

of October 5, 2007

The State Parties of the Commonwealth of Independent States which are hereinafter referred to as with the Parties

recognizing that fight against organized crime, corruption, terrorism, other heavy and especially serious crimes requires use of modern and effective forms, methods and means,

considering that one of such methods is deprivation of criminals of the income from criminal activities and other means used for making of crimes

being guided by the conventional principles and rules of international law,

for the purpose of enhancement of the legal basis of counteraction of legalization (washing) of the criminal income and to financing of terrorism and cooperation in this sphere

agreed as follows:

Section I. GENERAL PROVISIONS

Article 1

The parties according to this agreement, the international obligations and the national legal system cooperate, coordinate the activities, combine efforts of state bodies, public and other associations and the organizations, and also citizens for the purpose of counteraction of legalization (washing) of the criminal income and to terrorism financing.

Article 2

For the purposes of this Agreement the following basic concepts are used:

a) the criminal income - the money and/or other property received as a result of crime execution;

b) means (property) - the assets of any sort movable or immovable, irrespective of method of their acquisition, and also the legal documents or acts confirming the right to such assets or participation in them;

c) terrorism financing - provision or fund raising or rendering financial services with understanding that they are intended for financing of the organization, preparation or making at least of one of crimes of terrorist nature, or for the providing organized group, illegal armed group, criminal society (the criminal organization) created or one of such crimes created for making at least;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info