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ARTICLE · 19 JULY 2005

A Month in Money Laundering - May 2005

Deloitte
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This edition includes news on the Parliamentary approval of a new anti-money laundering Bill in India (7 May) and the launch of an association for anti-money laundering professionals in Dubai (23 May). Also included in this month, are details of the approval by the European Parliament of the third EU money laundering Directive (26 May).

United KingdomStrategy
John Hammersley
John Hammersley
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Welcome to the May 2005 edition of A Month in Money Laundering

This edition includes news on the Parliamentary approval of a new anti-money laundering Bill in India (7 May) and the launch of an association for anti-money laundering professionals in Dubai (23 May).

Also included in this month, are details of the approval by the European Parliament of the third EU money laundering Directive (26 May).

These issues and others are summarised in this edition of A Month in Money Laundering.

Regards

Michael Corrigan
Partner, Financial Services Advisory
Deloitte & Touche LLP

1 May

Syrian President unveils anti-money laundering measures.

Syrian President, Bashar Assad, has issued a decree to combat money laundering and terror financing, including stiffer penalties for such acts. The new rules create a financial intelligence unit to monitor money laundering and terror financing which will be given the power to investigate suspicious transactions. The unit will focus on assets obtained

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