Anti Money Laundering
The Anti Money Laundering Law: Without prejudice to administrative penalties stated in the law, financial institutions and other financial, commercial and economic establishments operating in the country, one shall be criminally liable for the offence of money laundering if committed in their respective names or for their respective accounts.
The Central Bank shall set a ceiling for the amount that may be brought into the country in the cash without the need for declaration, and any amount in excess thereof shall be subject to the declaration system as established by the Central Bank.
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