Regulatory Alerts2007-01-01
Proceeds of Crime Act 2007
The Legislative Assembly of Samoa enacted the Proceeds of Crime Act 2007 to establish a legal framework for the confiscation of assets derived from serious offences and to combat money laundering. The legislation defines key terms such as proceeds of crime and realisable property, while creating specific offences for money laundering and outlining procedures for forfeiture and pecuniary penalty orders. It further empowers authorities with search, seizure, and restraining order capabilities to facilitate investigations and preserve assets, including the recognition of foreign orders.
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