By Elizabeth Hearst for AMLi
Less than half of countries investigated by the Council of Europe’s Warsaw Convention have fully transposed corporate legal liability requirements for money laundering offences into domestic legislation.
Article 10 of the Convention requires Member States to “establish corporate liability in domestic legislation, including when a natural person is involved as an accessory or instigator” for money laundering offences.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
