Common use of Combating money laundering Clause in Contracts

Combating money laundering. 1. The Parties agree on the need to work towards and cooperate on preventing the use of their financial systems to launder the proceeds of criminal activities in general and drug trafficking in particular. 2. Cooperation in this area shall include administrative and technical assistance with the purpose of adopting and implementing suitable standards against money laundering equivalent to those adopted by the Community and international authorities active in this field, including the Financial Action Task Force (FATF). 3. Cooperation shall have the objective of: (a) training agents of the services responsible for preventing, detecting and combating money laundering, and officials of the judiciary; (b) appropriate support for the creation of specialist institutions and the strengthening of existing institutions.

Combating money laundering. 1. The Parties agree on the need to work towards and cooperate on preventing the use of their financial systems to launder the proceeds of criminal activities in general and drug trafficking in particular. 2. Cooperation in this area shall include administrative and technical assistance with the purpose of adopting and implementing suitable standards against money laundering equivalent to those adopted by the Community and international authorities active in this field, including the Financial Action Task Force (FATF). 3. Cooperation shall have the objective of: (a) training Training agents of the services responsible for preventing, detecting and combating money laundering, and officials of the judiciary; (b) appropriate Appropriate support for the creation of specialist institutions and the strengthening of existing institutions.

Combating money laundering. 1. The Parties agree on the need to work towards and cooperate xxxxxx- ate on preventing the use of their financial systems to launder the proceeds of criminal activities in general and drug trafficking in particular. 2. Cooperation in this area shall include administrative and technical assistance with the purpose of adopting and implementing implement- ing suitable standards against money laundering equivalent to those adopted by the Community and international authorities active in this field, including the Financial Action action Task Force (FATFFaTF). 3. Cooperation shall have the objective of: (a) training agents of the services responsible for preventing, detecting and combating money laundering, and officials of the judiciary; (b) appropriate support for the creation of specialist institutions and the strengthening of existing institutions.