Andorra Shop
Money Laundering and Financial Crimes
In one case, a gold dealer operating in a major U.S. metropolitan area was also operating as the "banker" for various jewelry shops in the region. These jewelry shops give him the checks and cash they receive for purchases, and he processes these through his own bank accounts. In return, he gives them gold scrap and gold jewelry for use in their businesses. He retains a few percentage points of the money he receives from them for his "services" (as well as the legal risk he is incurring). The owners of the jewelry shops do not have to deal with the bureaucracy of banking and, because there is almost no paper trail of their sales, they enjoy a greatly reduced tax liability. ... [Read More]
Europe and Central Asia
Agreements and Treaties. Italy is a party to the 1961 UN Single Convention, the 1971 UN Convention on Psychotropic Substances, the 1972 Protocol and the 1988 UN Drug Convention. In December 2000, an international conference was held in Palermo, Italy, for the signing of treaty on transnational crime. The treaty must be ratified by a quorum of 40 countries before it comes into force. This new treaty will strengthen governments against serious crimes, including drug trafficking, money laundering, trafficking of human beings and arms trafficking. As a member of the European Union, Italy participates in the Dublin Group, UNDCP Pompidou group, Europol, the EU Commission, and attendant committees and working groups.Cultivation/Production. There is no known coca bush cultivation in Italy. However, opium poppy grows spontaneously in the southern part of Italy and the island of Sicily. It does not present a threat due to the low alkaloid content. [Read More]
Money Laundering and Financial Crimes
Zambia (Other). Zambia is not a major financial or money laundering center. It does not yet have in place comprehensive anti-money laundering legislation. In July 2000, the Zambian Drug Enforcement Commission sponsored a two-day workshop in Lusaka for Members of Parliament and representatives of institutions involved with good governance issues. The theme of the workshop was the effect of drug trafficking and money laundering on the nation. The group unanimously recommended that the executive branch reintroduce the Bill on Prohibition and Prevention of Money Laundering, which had been withdrawn following its first reading in Parliament. ... [Read More]
Country Reports: N-Z
Namibia Namibia is not a regional financial center. In addition to its Central Bank, Namibia has four commercial banks. Of particular concern in Namibia is the smuggling of precious minerals and gems, the proceeds of which Namibian authorities think may be laundered through Namibian financial institutions. In November of 2004, Namibia criminalized money laundering with passage of the Prevention of Organized Crime Bill. The new law requires both bank and non-bank financial institutions to report suspicious transactions to the Central Bank and provide relevant documents and other information to government authorities for use in criminal investigations. Non-bank financial institutions, such as private pension funds, the stock exchange, and investment companies, were previously ... [Read More]
US Department Of State Post Report
Although Paris has a reputation as a mecca for shopping, prices for almost everything are higher than in the U.S. There are some discount and outlet stores, and the major January and July sales offer some bargains. Many people stock up on clothing needs before arriving at post and replenish needs from the PX or mail-order catalogs. There are a few second-hand or consignment shops, but most clothing is designer labeled and expensive even at half price. MenLast Updated: 2/2/2004 2:34 PM Business suits are worn to most social functions. Men seldom need tuxedos, except for the annual Marine Ball. WomenLast Updated: 2/2/2004 2:35 PM ... [Read More]
M) Money Laundering and Financial Crimes
A mutual evaluators training workshop was held in March 2001. The Training Workshop for Evaluators of Anti-Money Laundering Measures was held at the International Law Enforcement Academy in Bangkok, Thailand. Forty-five participants from 19 APG member jurisdictions took part in the course. ... On November 12-16, 2001, FinCEN participated in a regional workshop on Money Laundering and Other Financial Crimes sponsored by the West African Institute for Financial and Economic Management in Gambia, West Africa. The workshop was attended by delegations from Nigeria, Liberia, Sierra Leone, Gambia, and Ghana. ... [Read More]
International Narcotics Control Strategy Reports
U.S. DEPARTMENT OF STATE INTERNATIONAL NARCOTICS CONTROL STRATEGY REPORTMARCH 1995BUREAU FOR INTERNATIONAL NARCOTICS AND LAW ENFORCEMENT AFFAIRS FINANCIAL CRIMES AND MONEY LAUNDERING11995 INTERNATIONAL NARCOTICS CONTROL STRATEGY REPORTOVERVIEWThere were a number of significant accomplishments in the world of money laundering in 1994, and a number of new and/or intensified concerns. Accomplishments and concerns are summarized here and explained in detailed sections below.Accomplishments. Several financial center governments, such as Singapore and Panama, have adopted broad, new anti-money laundering policies and/or laws, and a number of governments were in the final stages of presenting/adopting new legislation.The Financial Action Task Force completed the evaluations of each of its 26 member governments, all conducted by outside experts and all culminating in recommendations for changes and improvements which will be monitored through continuing examinations be ... [Read More]
US Department Of State Post Report
As in most capitals of Europe and large, cosmopolitan U.S. cities, public appearance is very important to Madrileños, many of whom dress with care, even for their shopping expeditions. At the same time, casual wear is as varied on the streets of Madrid as in any large city and tailored jeans are the preferred mode of dress for many, especially young people. Madrileños are highly fashion conscious, as the abundance of international and local designer shops in Madrid’s better shopping areas demonstrates. Both winter and summer office clothing worn in Washington, D.C., is appropriate in Madrid, but dark colors prevail here. In summer, sport shorts are worn primarily at the beach and are rarely seen on the streets. ... [Read More]
Andorra
The Principality of Andorra is a constitutional parliamentary democracy. Two Princes--the President of France and the Catholic Bishop of Seu d'Urgell Spain--serve with joint authority as heads of state, and each is represented in Andorra by a delegate. Elections in 2001 chose 28 members of the Parliament (Consell General), which selects the head of government. The judiciary is independent. ... Children under the age of 18 generally were prohibited from working, although in exceptional circumstances (such as during the Christmas holidays when they are allowed to work as shop helpers) children aged 16 and 17 may be allowed to work. The Labor Inspection Office in the Ministry of Social Welfare, Public Health, and Labor is responsible for enforcing child labor regulations. ... [Read More]
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