Common use of Money laundering and terrorism financing Clause in Contracts

Money laundering and terrorism financing. 1. The Parties shall cooperate in order to prevent the use of their financial and relevant non-financial systems to launder the proceeds of criminal activities in general and drug offences in particular, as well as for the purpose of terrorism financing. This cooperation extends to the recovery of assets or funds derived from the proceeds of crime.

Money laundering and terrorism financing. 1. The Parties shall cooperate in order to prevent the use of their financial and relevant non-non- financial systems to launder for the laundering of the proceeds of criminal activities in general and drug offences in particular, as well as for the purpose of terrorism financing. This That cooperation extends to the recovery of assets or funds derived from the proceeds of crime.

Money laundering and terrorism financing. 1. The Parties shall agree on the need to work towards, and to cooperate in order to prevent on, preventing and combating the use of their financial systems, which includes financial institutions and relevant designated non-financial systems to launder businesses and professions, for financing terrorism and laundering the proceeds of serious criminal activities in general and drug offences in particular, as well as for the purpose of terrorism financing. This cooperation extends to the recovery of assets or funds derived from the proceeds of crimeactivities.

Money laundering and terrorism financing. 1. The Parties shall cooperate closely in order to prevent the use of their financial and relevant non-financial systems to launder the for laundering of proceeds of from criminal activities in general and drug offences in particular, as well as for the purpose of terrorism terrorist financing. This cooperation extends to the recovery of assets or funds derived from the proceeds of crime.

Money laundering and terrorism financing. 1. The Parties shall cooperate in order to prevent the use of their financial and relevant non-financial systems to launder the for laundering of proceeds of from criminal activities in general and drug offences in particular, as well as for the purpose of terrorism terrorist financing. This cooperation extends to the recovery of assets or funds derived from the proceeds of crime.

Money laundering and terrorism financing. 1. The Parties shall cooperate in order to prevent the use of their financial and relevant non-financial systems to launder the proceeds of criminal activities in general and drug offences in particularactivities, as well as for the purpose of terrorism financing. This cooperation extends to the recovery of assets or funds derived from the proceeds of crime.

Money laundering and terrorism financing. 1. The Parties shall cooperate in order to prevent the use of their financial and relevant non-financial systems to launder for the laundering of the proceeds of criminal activities in general and drug offences in particular, as well as for the purpose of terrorism financing. This That cooperation extends to the recovery of assets or funds derived from the proceeds of crime.

Money laundering and terrorism financing. 1. The Parties shall cooperate in order to prevent the use of their financial and relevant non-financial systems to launder the for laundering of proceeds of from criminal activities in general and drug offences in particular, as well as for the purpose of financing terrorism. 2. Cooperation in this area may include administrative and technical assistance for the purpose of developing the implementation of regulations and the efficient functioning of suitable standards and mechanisms in order to combat money laundering and financing of terrorism financing. This cooperation extends equivalent to those adopted by the recovery of assets or funds derived from Community and international fora in this field, in particular the proceeds of crimeFinancial Action Task Force (FATF).