New OSCE Recommendations to Combat Corruption, Money Laundering, and the Financing of Terrorism

A model Anticorruption Protocol to the United Nations Convention against Corruption (APUNCAC) would implement international requirements report beneficial ownership of funds involved in certain financial transactions. The purpose is discourage laundering illicit by attaching legal consequences each failure obtain and submit a required ownership, front man who poses as owner supply true information regarding identity actual owner. This article fifth series articles describing APUNCAC’s anti-money-laundering (AML) provisions focus on transparency. companion issues jurisdiction enforcement APUNCAC distant offshore personnel, illustrate application specific money channels, answer frequently asked questions (FAQ), translate key into proposed Financial Action Task Force (FATF) recommendations. explains how may be translated Organization for Security Co-operation Europe (OSCE) recommendations, why OSCE especially inclined adopt support this initiative might most promising path that could adopted community combat corruption, laundering, violations human rights are associated with these crimes.