Regulatory Alerts2010-04-23
Law No. 196/AN/02/4th L on Money Laundering, Confiscation and International Cooperation in Respect of Criminal Proceeds
The National Assembly of Djibouti enacted Law No. 196/AN/02/4th L to establish a comprehensive legal framework for combating money laundering, confiscating criminal proceeds, and facilitating international cooperation. The legislation mandates strict customer identification, transaction monitoring, and suspicious activity reporting by credit institutions, financial intermediaries, casinos, manual money changers, and legal professionals. It further empowers the Financial Intelligence Service to investigate, seize assets, and coordinate with judicial authorities while granting liability exemptions for good-faith compliance.
Share