Organizations worldwide must comply with anti-money laundering (AML) laws to succeed in international trade. These laws are crucial for ensuring that businesses adhere to ethical and legal standards, preventing illicit activities such as money laundering, terrorist financing, and other financial crimes. The penalties for non-compliance can be severe, including hefty fines, legal sanctions, and exclusion from lucrative markets.
Complying with AML laws is not just a legal requirement but a fundamental aspect of ensuring the ongoing success and competitiveness of your organization in the global market. Ensuring robust AML practices protects your organization from financial and reputational damage, fostering trust and integrity in your business operations.
AML Laws Around the World
- Australia Anti-Money Laundering and Counter-Terrorism Financing Act 2006 – Establishes comprehensive requirements for customer due diligence, reporting obligations, and compliance measures for financial institutions.
- Fiji Financial Transactions Reporting Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Kiribati Money Laundering and Proceeds of Crime Act 2003 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Marshall Islands Banking (Amendment) Act 2011 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Micronesia, Federated States of Anti-Money Laundering Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Nauru Anti-Money Laundering and Counter-Terrorism Financing Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- New Zealand Anti-Money Laundering and Countering Financing of Terrorism Act 2009 – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Palau Money Laundering and Proceeds of Crime Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Papua New Guinea Proceeds of Crime Act 2005 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Samoa Money Laundering Prevention Act 2007 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Solomon Islands Proceeds of Crime Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Tonga Money Laundering and Proceeds of Crime Act 2000 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Tuvalu Proceeds of Crime (Amendment) Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Vanuatu Proceeds of Crime Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Afghanistan Anti-Money Laundering and Proceeds of Crime Law (2004): Establishes requirements for customer identification, record keeping, and reporting suspicious transactions. It also outlines penalties for non-compliance.
- Armenia Law on Combating Money Laundering and Terrorism Financing (2008) – Requires customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Azerbaijan Law on Combating the Legalization of Criminally Obtained Funds or Other Property and the Financing of Terrorism (2009) – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities.
- Bangladesh Money Laundering Prevention Act (2012) – Requires financial entities to verify customer identity, monitor transactions, and report suspicious activities to the authorities.
- Bhutan Anti-Money Laundering and Combating the Financing of Terrorism Regulations (2018) – Establishes obligations for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Brunei Anti-Terrorism (Terrorist Financing) Regulations, 2011 and Criminal Asset Recovery Order, 2012 – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Cambodia Law on Anti-Money Laundering and Combating the Financing of Terrorism (2020) – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- China Anti-Money Laundering Law of the People’s Republic of China – Establishes requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Georgia Law of Georgia on Combating Money Laundering and Terrorist Financing – Requires financial entities to conduct customer due diligence, monitor transactions, and report suspicious activities.
- Indonesia Law No. 8 of 2010 on Prevention and Combating Money Laundering – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Japan Act on Prevention of Transfer of Criminal Proceeds – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Kazakhstan Law on Combating Legalization (Laundering) of Proceeds from Crime and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Kyrgyzstan Law on Combating Money Laundering and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Laos Law on Anti-Money Laundering – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Malaysia Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Maldives Prevention of Money Laundering and Terrorist Financing Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Mongolia Law on Anti-Money Laundering – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Myanmar Anti-Money Laundering Law – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Nepal Anti-Money Laundering Act, 2008 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- North Korea Anti-Money Laundering Regulations – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Pakistan Anti-Money Laundering Act, 2010 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Philippine Anti-Child Labor Law: The law mandates the prohibition of child labor and requires companies to conduct due diligence to ensure no child labor is involved in their supply chains.
- Singapore Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Sri Lanka Prevention of Money Laundering Act, 2006 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Taiwan Money Laundering Control Act – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Tajikistan Law on Combating Legalization (Laundering) of Proceeds from Crime and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Thai Labour Protection Act: This act includes regulations that aim to improve working conditions and protect workers’ rights in supply chains, with specific provisions against child labor and forced labor.
- Timor-Leste Anti-Money Laundering and Counter-Terrorism Financing Law – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Turkmenistan Anti-Money Laundering Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Uzbekistan Law No. ZRU-435 on Countering Legalization (Laundering) of Proceeds from Crime and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Vietnam Law on Anti-Money Laundering – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Taiwan Money Laundering Control Act – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Bahrain Decree Law No. 4 of 2001 with Respect to the Prevention and Prohibition of the Laundering of Money – Establishes obligations for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Cyprus Prevention and Suppression of Money Laundering Activities Law – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Egypt Law No. 80 of 2002 on Combating Money Laundering – Requires financial entities to conduct customer due diligence, monitor transactions, and report suspicious activities.
- Iran Anti-Money Laundering Act – Establishes requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Iraq Anti-Money Laundering and Counter Terrorism Financing Law No. 39 of 2015 – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Israel Prohibition on Money Laundering Law, 2000 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Jordan Anti-Money Laundering and Counter Terrorist Financing Law No. 46 of 2007 – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Kuwait Law No. 106 of 2013 Regarding Anti-Money Laundering and Combating the Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Lebanon Law No. 44/2015 on Anti-Money Laundering and Combatting the Financing of Terrorism – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Oman Law on Combating Money Laundering and Terrorism Financing – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Palestine Anti-Money Laundering Law – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Qatar Law No. 4 of 2010 on Combating Money Laundering and Terrorism Financing – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Saudi Arabia Anti-Money Laundering Law – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Syria Anti-Money Laundering and Counter-Terrorism Financing Law – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Turkey Law No. 5549 on Prevention of Laundering Proceeds of Crime – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- United Arab Emirates Federal Law No. 20 of 2018 on Anti-Money Laundering – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- The UAE’s Anti-Human Trafficking Law (Law 51 of 2006) criminalizes human trafficking and forced labor and creates a legal framework that discourages such practices within companies operating in the UAE (including their sourcing practices throughout the supply chain).
- Yemen Law No. 1 of 2010 on Combating Money Laundering and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Albania Law No. 9917 on Prevention of Money Laundering and Financing of Terrorism (2008) – Requires financial institutions to implement customer due diligence measures, report suspicious transactions, and maintain records.
- Andorra Law 14/2017 on the Prevention and Fight Against Money Laundering and Terrorist Financing (2017) – Requires financial entities to implement customer identification procedures, monitor transactions, and report suspicious activities.
- Austria Federal Act on Supply Chain Responsibility in the Garment and Textile Sector (2021): This law focuses on the garment and textile sector, requiring companies to take measures to prevent human rights violations, including modern slavery, in their supply chains.
- Belarus Law on Measures to Prevent the Legalization of Proceeds from Crime and Financing of Terrorism (2005) – Establishes obligations for customer identification, transaction monitoring, and reporting of suspicious activities.
- Belgian Vigilance Proposal (2021): Imposes mandatory due diligence obligations for businesses operating in Belgium (including foreign owned businesses), covering supply and value chains and extending to human rights, labor rights, and environmental standards.
- Bosnia and Herzegovina Law on the Prevention of Money Laundering and Financing of Terrorist Activities – Requires financial institutions to implement customer due diligence measures, report suspicious transactions, and maintain records.
- Bulgaria Law on Measures Against Money Laundering – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Denmark Act on Sustainable Value Chains (2022): This law requires large companies headquartered or operating in Denmark to conduct due diligence on human rights and environmental impacts throughout their supply chains, often involving mapping and traceability.
- Estonia Money Laundering and Terrorist Financing Prevention Act – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Finland Act on Detecting and Preventing Money Laundering and Terrorist Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- German Supply Chain Due Diligence Act (2023): Extends to companies with 1,000 or more employees, requiring them to take measures to respect human rights and the environment within their supply chains.
- Greece Law 4557/2018 on the Prevention and Combating of Money Laundering and Terrorist Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Hungary Act on the Prevention and Combating of Money Laundering and Terrorist Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Iceland Act No. 64/2006 on Measures to Prevent Money Laundering and Terrorist Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Ireland Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Italy Legislative Decree No. 231/2007 on the Prevention of the Use of the Financial System for the Purpose of Money Laundering and Terrorist Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Latvia Law on the Prevention of Money Laundering and Terrorism Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Liechtenstein Due Diligence Act (Sorgfaltspflichtgesetz) – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Lithuania Law on the Prevention of Money Laundering and Terrorist Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Luxembourg Law of 12 November 2004 on the Fight Against Money Laundering and Terrorist Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Malta Prevention of Money Laundering Act – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Moldova Law No. 190 of 26.07.2007 on Measures to Prevent and Combat Money Laundering and Terrorist Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Monaco Law No. 1.362 on Money Laundering, Terrorist Financing, and Corruption – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Montenegro Law on the Prevention of Money Laundering and Terrorism Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Netherlands / Dutch Responsible and Sustainable International Business Conduct Act (2023): Enforces due diligence on value chains to recognize human rights, labor rights, and environmental violations in foreign trade.
- North Macedonia Law on Prevention of Money Laundering and Terrorist Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Norway Act on Measures to Prevent Money Laundering and Terrorist Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Norwegian Transparency Act (2021): Mandates companies to conduct due diligence on human rights and working conditions in their supply chains and report annually.
- Poland Act on Counteracting Money Laundering and Terrorism Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Portugal Law No. 83/2017 on Prevention of Money Laundering and Financing of Terrorism – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Romania Law No. 129/2019 on Preventing and Combating Money Laundering and Terrorism Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Russia Federal Law No. 115-FZ on Countering Legalization (Laundering) of Proceeds from Crime and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- San Marino Law No. 47/2006 on Measures to Prevent and Combat Money Laundering and Terrorist Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Serbia Law on the Prevention of Money Laundering and Financing of Terrorism – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Slovakia Act No. 297/2008 on the Prevention of Legalization of Proceeds of Criminal Activity and on the Prevention of Financing of Terrorism – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Slovenia Prevention of Money Laundering and Terrorist Financing Act – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Spain Law 10/2010 on Prevention of Money Laundering and Financing of Terrorism – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Sweden Act on Measures to Prevent Money Laundering and Terrorist Financing – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Swiss Code of Obligations (2022): Includes supply chain due diligence and transparency obligations for Switzerland-based companies in relation to minerals and metals from conflict-affected areas and child labor.
- Switzerland Anti-Money Laundering Act – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Ukraine Law No. 140-19 on Prevention and Counteraction to Legalization (Laundering) of Proceeds from Crime, Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- UK Modern Slavery Act (2015): Requires businesses to report on steps taken to ensure slavery and human trafficking are not present in their supply chains.
- United Kingdom Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017 – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Turkish Regulation on Pharmaceutical Establishments and Products in Pharmaceutical Establishments (2022): Covers the entire pharmaceutical supply chain in Turkey, including manufacturers, importers, exporters, wholesalers, pharmacies, and hospitals.
- Vatican City Law No. CCLI on Money Laundering – Implements EU directives on anti-money laundering, including customer due diligence, reporting obligations, and compliance measures.
- Algeria Ordinance No. 12-02 on the Prevention and Fight Against Money Laundering and Terrorist Financing (2012) – Defines obligations for identifying customers, reporting suspicious activities, and conducting internal controls.
- Angola Law No. 34/11 on Combating Money Laundering and Terrorist Financing (2011) – Establishes measures for customer due diligence, reporting obligations, and penalties for non-compliance.
- Benin Law No. 2018-17 on the Fight Against Money Laundering and Terrorism Financing (2018) – Requires financial entities to conduct customer due diligence, monitor transactions, and report suspicious activities.
- Botswana Financial Intelligence Act, 2019 – Establishes requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Burkina Faso Law No. 016-2016/AN on the Fight Against Money Laundering and the Financing of Terrorism – Requires financial entities to conduct customer due diligence, monitor transactions, and report suspicious activities.
- Burundi Law No. 1/02 on the Prevention and Repression of Money Laundering and Terrorist Financing – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Cabo Verde Law No. 120/VIII/2016 on the Prevention and Combating of Money Laundering and Financing of Terrorism – Establishes obligations for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Cameroon Law No. 2016/007 of 12 July 2016 on the Fight Against Money Laundering and Terrorist Financing – Requires financial entities to conduct customer due diligence, monitor transactions, and report suspicious activities.
- Central African Republic Law No. 20.007 on the Prevention and Repression of Money Laundering and Terrorist Financing – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Chad Law No. 032/PR/2016 on the Prevention and Repression of Money Laundering and Terrorist Financing – Requires financial entities to conduct customer due diligence, monitor transactions, and report suspicious activities.
- Comoros Law No. 10-003/AU on the Fight Against Money Laundering and the Financing of Terrorism – Requires financial entities to conduct customer due diligence, monitor transactions, and report suspicious activities.
- Congo, Republic of the Law No. 20-2019 on the Prevention and Repression of Money Laundering and Terrorist Financing – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Congo, Democratic Republic of the Law No. 04/016 on the Fight Against Money Laundering and the Financing of Terrorism – Requires financial entities to conduct customer due diligence, monitor transactions, and report suspicious activities.
- Djibouti Law No. 219/AN/08/6ème L on the Prevention and Suppression of Money Laundering and the Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Equatorial Guinea Law No. 3/2014 on the Prevention and Fight Against Money Laundering and Terrorist Financing – Requires financial entities to conduct customer due diligence, monitor transactions, and report suspicious activities.
- Eritrea Proclamation No. 173/2007 on Prevention and Combating Money Laundering and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Eswatini Money Laundering and Proceeds of Crime Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Ethiopia Anti-Money Laundering and Financing of Terrorism Prevention and Control Proclamation No. 780/2013 – Requires financial entities to conduct customer due diligence, monitor transactions, and report suspicious activities.
- Gabon Law No. 2/2019 on the Prevention and Repression of Money Laundering and Terrorism Financing – Requires financial entities to conduct customer due diligence, monitor transactions, and report suspicious activities.
- Gambia Anti-Money Laundering and Combating Financing of Terrorism Act, 2012 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Ghana Anti-Money Laundering Act, 2008 (Act 749) – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Guinea Law L/2016/040/CNT on Anti-Money Laundering and Combating the Financing of Terrorism – Requires financial entities to conduct customer due diligence, monitor transactions, and report suspicious activities.
- Guinea-Bissau Law No. 5/2014 on the Prevention and Repression of Money Laundering and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Kenya Proceeds of Crime and Anti-Money Laundering Act, 2009 – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Lesotho Financial Institutions Act, 2012 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Liberia Act to Establish the Financial Intelligence Unit of Liberia and Combat Money Laundering and Terrorism Financing – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Libya Law No. 1 of 2010 on Combating Money Laundering and Terrorism Financing – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Madagascar Law No. 2004-020 on the Fight Against Money Laundering and Terrorism Financing – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Malawi Financial Crimes Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Mali Law No. 07-041 on the Prevention and Suppression of Money Laundering and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Mauritania Law No. 2015-022 on the Prevention and Repression of Money Laundering and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Mauritius Financial Intelligence and Anti-Money Laundering Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Morocco Law No. 43-05 on Combating Money Laundering – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Mozambique Law No. 15/2019 on Prevention and Combating of Money Laundering and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Namibia Prevention of Organized Crime Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Niger Law No. 2018-34 on the Prevention and Suppression of Money Laundering and Terrorism Financing – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Nigeria Money Laundering (Prohibition) Act, 2011 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Rwanda Law No. 54/2012 Relating to the Prevention and Punishment of Money Laundering and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Sao Tome and Principe Law No. 7/2014 on the Prevention and Combating of Money Laundering and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Senegal Law No. 2004-09 on the Suppression of Money Laundering – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Seychelles Proceeds of Crime (Money Laundering Prevention) Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Sierra Leone Anti-Money Laundering and Combating of Financing of Terrorism Act, 2012 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Somalia Anti-Money Laundering and Counter-Terrorism Act 2011 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- South Africa Financial Intelligence Centre Act, 2001 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- South Sudan Anti-Money Laundering and Combating the Financing of Terrorism Act, 2012 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Sudan Combating Money Laundering and Financing of Terrorism Act, 2014 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Tanzania Anti-Money Laundering Act, 2006 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Togo Law No. 2009-14 on Combating Money Laundering and Terrorism Financing – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Tunisia Law No. 2004-73 on the Prevention and Suppression of Money Laundering – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Uganda Anti-Money Laundering Act, 2013 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Zambia Anti-Money Laundering Act, 2010 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Zimbabwe Money Laundering and Proceeds of Crime Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Antigua and Barbuda Money Laundering (Prevention) Act (2006) – Sets out requirements for customer identification, suspicious transaction reporting, and compliance monitoring by financial institutions.
- Bahamas Proceeds of Crime Act, 2018 and Financial Transactions Reporting Act, 2018 – Requires financial institutions to conduct customer due diligence, report suspicious transactions, and comply with record-keeping requirements.
- Barbados Money Laundering and Financing of Terrorism (Prevention and Control) Act – Sets out requirements for customer due diligence, suspicious transaction reporting, and compliance monitoring by financial institutions.
- Belize Money Laundering and Terrorism (Prevention) Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Canada Proceeds of Crime (Money Laundering) and Terrorist Financing Act – Establishes comprehensive requirements for customer due diligence, reporting obligations, and compliance measures for financial institutions.
- Canadas Bill S-211, An Act to enact the Fighting Against Forced Labour and Child Labour in Supply Chains Act and to amend the Customs Tariff (2024) – Requires Canadian companies to report on measures taken to prevent forced labor and child labor in their supply chains and includes amendments to the Customs Tariff to enforce these provisions.
- Canada’s Extractive Sector Transparency Measures Act (ESTMA) – This act requires extractive entities active in Canada to publicly disclose, on an annual basis, specific payments made to all governments in Canada and abroad.
- Canadas Fighting Against Forced Labour and Child Labour in Supply Chains Act (2020) – Prohibits the importation of goods produced wholly or in part by forced or child labor. Requires companies to submit annual reports on their due diligence efforts.
- California Extractive Sector Transparency Measures Act (2014) – requires companies involved in the extraction of oil, gas, and minerals to publicly disclose payments made to governments. This includes taxes, royalties, fees, and other financial transactions. The act aims to enhance supply chain transparency and traceability by ensuring that companies report these payments, thereby promoting accountability and reducing the risk of corruption. Compliance with this act helps ensure ethical practices and fosters trust in the supply chains of the extractive sector.
- California Assembly Bill 1693 (2022) – This law requires large retailers and manufacturers selling certain apparel products in California to disclose information about their efforts to eradicate forced labor in their supply chains, often involving supply chain mapping for transparency.
- California Transparency in Supply Chains Act (2010, California, USA) – Requires large retailers and manufacturers to disclose efforts to eliminate slavery and human trafficking from their direct supply chains.
- Costa Rica Law No. 7786 on Narcotic Drugs, Psychotropic Substances, Unauthorized Drugs, Related Activities, Money Laundering and Terrorist Financing – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Cuba Decree-Law No. 362 on the Prevention and Detection of Money Laundering, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction – Establishes obligations for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Dominica Proceeds of Crime (Amendment) Act, 2012 – Requires financial entities to conduct customer due diligence, monitor transactions, and report suspicious activities.
- Dominican Republic Law No. 155-17 on Anti-Money Laundering and Terrorist Financing – Establishes requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- El Salvador Law Against Money Laundering and Assets – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Grenada Proceeds of Crime Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Guatemala Law Against Money Laundering and Financing of Terrorism – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Haiti Law of 6 December 2017 on Money Laundering and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Honduras Law Against Money Laundering and Financing of Terrorism – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Jamaica Proceeds of Crime Act, 2007 – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Mexico Law to Regulate Financial Technology Institutions (Fintech Law) – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- New York Fashion Sustainability and Social Accountability Act (proposed) – Applies to apparel and footwear companies with global revenues of at least $100 million, requiring them to map 50% of their supply chains and identify social and environmental impacts.
- Nicaragua Law Against Money Laundering, Financing of Terrorism, and Financing of the Proliferation of Weapons of Mass Destruction – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Panama Law No. 23 of 2015 on Prevention of Money Laundering, Financing of Terrorism and Proliferation of Weapons of Mass Destruction – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Saint Kitts and Nevis Proceeds of Crime Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Saint Lucia Money Laundering (Prevention) Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Saint Vincent and the Grenadines Proceeds of Crime and Money Laundering (Prevention) Act, 2001 – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Trinidad and Tobago Proceeds of Crime Act – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- USA Federal Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) – Section 1502 of this act requires companies to disclose their use of conflict minerals from the Democratic Republic of Congo and surrounding countries.
- USA Federal Food Safety Modernization Act (FSMA) (2011) – This act requires certain food facilities to implement traceability plans to track food products through their supply chain during a foodborne illness outbreak.
- USA Federal Requirements for Additional Traceability Records for Certain Foods (2023) – Requires enhanced record-keeping and due diligence for certain foods to improve traceability throughout the supply chain.
- USA Federal Uyghur Forced Labor Prevention Act (2021) – Prohibits the importation of goods made with forced labor from the Xinjiang region of China and requires due diligence to ensure no forced labor is involved.
- USA Federal Uyghur Forced Labor Prevention Act (2021) – Prohibits the importation of goods made with forced labor from the Xinjiang region of China and requires due diligence to ensure no forced labor is involved.
- USA PATRIOT Act – Establishes obligations for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Argentina Law No. 25.246 on Concealment and Laundering of Criminal Assets (1999) – Defines obligations for financial entities to verify customer identity, report suspicious transactions, and maintain records.
- Bolivia Law No. 262 on Prevention, Control and Supervision of Illicit Assets, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities.
- Brazil Law No. 9,613 on Money Laundering Crimes (1998) – Defines obligations for financial entities to verify customer identity, monitor transactions, and report suspicious activities to the authorities.
- Chile Law No. 19.913 on Money Laundering – Defines obligations for financial entities to verify customer identity, monitor transactions, and report suspicious activities to the authorities.
- Colombia Law No. 1121 of 2006 on Anti-Money Laundering and Counter Financing of Terrorism – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities.
- Ecuador Organic Law Against Money Laundering of Assets – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Guyana Anti-Money Laundering and Countering the Financing of Terrorism Act – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Paraguay Law No. 1015/97 Against Money Laundering – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Peru Law No. 27693 on Prevention of Money Laundering and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Suriname Law of 3 August 2018 to Combat Money Laundering and Terrorist Financing – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Uruguay Law No. 19.574 on Money Laundering and Terrorist Financing Prevention – Sets out requirements for customer due diligence, transaction monitoring, and reporting of suspicious activities by financial institutions.
- Venezuela Law Against Organized Crime and Financing of Terrorism – Sets out requirements for customer identification, transaction monitoring, and reporting of suspicious activities by financial institutions.
