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	Fighting Money Laundering

	LAW No. 318 Babda, April 20, ‏2002 Signed Emile Lahoud Promulgated by the President of the Republic The President of the Council of Ministers Signed Rafic Hariri


SUBJECT : Fighting Money Laundering
ISSUING DEPARTMENT : The Parliament
ISSUE DATE : 20 APRIL 2001
IMPLEMENT DATE :
LENGTH : 17 Articles
TEXT :

Article 1:
Under the provisions of this Law, illicit funds are to be understood as any asset resulting from any of the following offences:
1- The growing, manufacturing, or trading of narcotics.
2- Acts committed by associations of wrongdoers, that are specified by Articles 335 and 336 of the Criminal Code, and internationally identified as organized crime.
3- Terrorist acts, as specified in Articles 314, 315 and 316 of the Criminal Code.
4- Financing or contributing to financing, terrorism or terrorist acts and terrorist organizations, as defined in the Criminal Code.
5- Illegal arm trade.
6- The offences of stealing or embezzling public or private funds or their appropriation by fraudulent means, forgery, and breach of trust which falls on banks, other financial institutions and other institutions as defined in Article 4 of this Law, or within the scale of its practice.
7- Counterfeiting money, credit, payment and clearing cards; or treasury and commercial bonds, including checks.