Portugal: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
February 6, 2009
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This report describes Portugal's observance of Standards and Codes on the Financial Action Task Force Recommendations for Anti-Money Laundering and combating the financing of terrorism. The Portuguese legal framework for combating money laundering (ML) and terrorist financing is generally comprehensive. The ML offence is broad in scope and in accordance with the UN Vienna and Palermo Conventions. Statistics on prosecutions for money laundering and terrorist financing, as well as related confiscation data, are maintained by Portuguese authorities.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Duties, Legal support in revenue administration, Money laundering, Revenue administration, Taxes, Terrorism financing
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), beneficial owner, CFT regime, CMVM regulation, competent authority, CR, customer due diligence regime, Duties, EU states Portugal, Europe, financial institution secrecy, ISCR, Legal support in revenue administration, ML offence, Money laundering, sanctions regime, supervisory authority, Terrorism financing, TF offence
Pages:
22
Volume:
2009
DOI:
Issue:
044
Series:
Country Report No. 2009/044
Stock No:
1PRTEA2009001
ISBN:
9781451832310
ISSN:
1934-7685
