Laos
Last Updated: 19/02/2007 (Anti-money laundering legislation not applicable to lawyers)"Laos is in the process of considering anti-money laundering laws. Laos has not yet established a Financial Intelligence Unit nor a system for reporting suspicious transactions." 1
The Laotian Government has refined the Criminal Code to make laundering a crime and apply harsher sentences and penalties to launderers.
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Sources
The United Nations Asia and Far East Institute for the Prevention of Crime and the Treatment of Offenders, “The Economic Crime Including Money Laundering; Its Legal And Financial Implications”.
Asia Pacific Group on Money Laundering.
- Helen O’Gorman, “Laos Sets Up Anti-Money Laundering Structure”, 17 February 2006, www.complinet.com.
