Law No.(46) for the year 2007
Anti Money Laundering Law
This law shall be called “Anti Money Laundering Law of the year 2007” and shall ent
into effect after thirty days of its publication in the Official Gazette.
The following words and phrases, wherever mentioned in this law shall have the
meanings indicated thereto hereunder, unless otherwise indicated by context:
A- The Committee
: The National Committee of Anti Money Laundering formed
pursuant to the provisions of this law.
: The Governor of the Central Bank.
: The Anti Money Laundering Unit established pursuant to the
provisions of this law.
: Any thing or right which has material value in dealing, legal
documents and instruments in any form including electronic or
digital forms evidencing ownership or interest in it including
bank accounts, financial securities, commercial papers,
traveler's checks, remittances, letters of guarantee and letters of
: Funds derived or yielded directly or
committing any of the crimes stipulated in article (4) of this
: Every conduct involving acquisition, possession, disposing of,
moving, managing, keeping, exchanging, depositing, investing
of funds or manipulating it’s value or movement and
transferring, or any action that leads to conceal or disguise it’s
source, origin, nature, place, disposition mean, ownership or
related rights, with knowledge that the funds are proceeded of
one of the crimes stipulated in article (4) of this law.
: Any transaction thought for any justified reason that it is
related to proceeds of any crime of those stipulated in article
(4) of this law.
: The Unit which is granted according to valid laws of any
country the necessary competencies to combat money
laundering transactions and its different uses, and subject
within performing its tasks to sufficient legal r