Regulatory Alerts2019-01-01
Public Prosecutor's Decision No. (2722) of 2019
The Public Prosecutor issued Decision No. (2723) of 2019 to formally establish dedicated Money Laundering Prosecutions within each General Prosecution, subordinate to the Public Attorney. The decision mandates that these specialized units investigate offenses under the Anti-Money Laundering Law of 2002 and intrinsically linked crimes, referring completed cases to the Financial and Commercial Affairs Prosecution alongside a detailed legal opinion memorandum. Additionally, it requires the creation of case registers, the submission of monthly case disposition reports to the Technical Office and judicial inspection bodies, and sets the effective date for implementation as December 21, 2019.
Public Prosecution Office of the Public Prosecutor
Decision No. (2723) of 2019 Establishing the Money Laundering Prosecution
The Public Prosecutor, Having reviewed the Law on the Judicial Authority issued by Law No. (46) of 1972 and its amendments, and the Criminal Procedure Law, and in the interest of official duties.
Has decided: { Article One } First: A Money Laundering Prosecution shall be established within each General Prosecution, subordinate to the Public Attorney, headed by a Prosecution Chief, and assisted by a sufficient number of members. Second: The Money Laundering Prosecution shall have jurisdiction to investigate the offenses stipulated in the Anti-Money Laundering Law issued by Law No. (80) of 2002, and any offenses intrinsically linked to them that cannot be severed. Upon completion of investigations, cases shall be referred to the Financial and Commercial Affairs Prosecution at the Office of the Public Prosecutor, accompanied
Public Prosecution Office of the Public Prosecutor
by a legal opinion memorandum detailing the facts, legal characterization, and recommended disposition for review, in accordance with the circular letter issued by the Public Prosecutor No. (5) of 2015. Third: Each Money Laundering Prosecution shall establish the necessary ledgers and registers for recording money laundering cases, and the competent Prosecution Chief shall supervise them and ensure the regularity of entries. Fourth: Money Laundering Prosecutions shall prepare a monthly statement of cases received, their disposition, pending cases, and the reasons therefor. This statement shall be submitted to the Public Prosecutor's Technical Office, with copies to the Judicial Inspection Administration and to the Financial and Commercial Affairs Prosecution at the Office of the Public Prosecutor.
{ Article Two } This Decision shall take effect as of 21/12/2019. The competent authorities within the Public Prosecution are directed to implement this Decision.
Issued on 19/12/2019
The Public Prosecutor Advisor / (Hamada El-Sawy)