03 April 2011

Government calls on Parliament to produce law for money laundering

Suara Timor Lorosa'e, April 1, 2011 language source: Tetun - The Government, through the Public Prosecution and the Anti-Corruption Commission (KAK), has called on the Parliament to produce a law to ban people from money laundering and financing terrorism in the country.

The Parliamentary Committee for Finance, Economy and Anti-Corruption (KAK) President , Manuel Tilman, said they held a seminar to discuss money laundering, adding that the presenters of the seminar were from Australia and the Asia-Pacific region who shared their ideas with the members of Committee C about money laundering.

"There is no concrete law that will ban people from engaging in acts of crime for money laundering and financing terrorism. Therefore Committee C of Parliament is taking the initiative of producing a law for money laundering, because Timor-Leste wants to contribute to the international community with our laws and intelligence," MP Tilman said.

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