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Transaction - Haiti Observer Blog

Transaction, Haiti Observer Blog. Read the following articles about Transaction


 

Bill sanctioning Money Laundering and terrorist financing passed

Once the text sanctioning Money Laundering and terrorist financing is promulgated by the President Michel Martelly in the official gazette, all financial institutions, companies, economic enterprises, non-financial, social, professional, religious, humanitarian, international organizations, will be required to report all transactions in cash.

Do you remember all the commotions over this bill?

Some of our beloved Senators and Deputies were totally against it.

Several desks were broken by Deputy Arnel Belizaire to show his frustration over this bill.

The bottom line is that Haiti is no longer running the risk of trade sanction for not having a law on Money Laundering and terrorist financing. The law sanctioning money laundering and terrorist financing was on Monday, November 11, 2013 was passed in identical terms by the two branches of parliament. The vote was as follows: 9 voted in favor, 3 against, 3 abstained

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