The Recent Evolution of Financial Strategies of Crime Control in the Macau SAR [Estratégias Patrimoniais de Combate a Criminalidade: O Estado Actual na Região Administrativa Especial de Macau]
Leonel Alves / Paulo Cardinal (eds.), Primeiras Jornadas de Direito e Cidadania da Assembleia Legislativa de Macau, Coimbra Editora, Coimbra, 2009
40 Pages Posted: 7 Apr 2009 Last revised: 8 Mar 2010
Date Written: April 7, 2009
Abstract
This paper provides an overview of the law in force in the Macau Special Administrative Region regarding the crime of financing of terrorism; the crime of money laundering; the crime of 'illicit enrichment'; confiscation of proceeds of crime, detection and prevention mechanisms (including namely customer due diligence, record-keeping and reporting of suspicious transactions) applicable to certain professions and businesses; and the implementation of asset freezes initiated by the United Nations' Security Council acting under Chapter VII of the UN Charter. Many of these aspects of the law were reformed in 2006. The paper is written in Portuguese language. An English version of this paper is available on SSRN (abstract ID=1374162).
Note: Downloadable document is in Portuguese.
Keywords: money laundering, confiscation, financing of terrorism, asset freezing, Macau, Macao
Suggested Citation: Suggested Citation