International Anti-Corruption Commitments

Title of the document

Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism

(https://www.coe.int/en/web/con...)

Issuing body

Council of Europe

Brief description

This Convention is the first international treaty covering both the prevention and the control of money laundering and the financing of terrorism. The text addresses the fact that quick access to financial information or information on assets held by criminal organisations, including terrorist groups, is the key to successful preventive and repressive measures, and, ultimately, is the best way to stop them.

Relevant excerpts

Article 3(1): Each Party shall adopt such legislative and other measures as may be necessary to enable it to confiscate instrumentalities and proceeds or property the value of which corresponds to such proceeds and laundered property.

Article 5 – Freezing, seizure and confiscation

Article 7 – Investigative powers and techniques

Article 13 – Measures to prevent money laundering

Chapter IV – International co-operation