SC (05/2) 12 E Original: ENGLISH SUPPLEMENTARY ITEM DRAFT RESOLUTION ON MONEY LAUNDERING PRINCIPAL SPONSOR Roy CULLEN Canada WASHINGTON D.C., 1 TO 5 JULY 2005

SUPPLEMENTARY ITEM on MONEY LAUNDERING By Mr. Roy Cullen, M.P. (Canada) OSCE Parliamentary Assembly 1. Recognizing that the fight against money laundering is an essential part of the overall  struggle  to  combat  the  financing  of  terrorist  activity,  illegal  narcotics trafficking, the activities of organized crime, corruptionand tax evasion, 2. Supporting the United Nations Office on Drugs and Crime (UNODC) Global Programme    against    Money    Laundering,    and    the    joint    OSCE-UNODC Workshops  on  Combating  Money  Laundering  and  Financing  of  Terrorism held  in  Bishkek  (Kyrgyzstan),  Astana  (Kazakhstan),  Dushanbe  (Tajikistan), Yerevan (Armenia), Baku (Azerbaijan), and Tbilisi (Georgia), 3. Noting that money launderers exploit differences among national anti-money laundering systems and move their funds to jurisdictions with ineffective laws, 4. Supporting the anti-money laundering framework developed by the  Financial Action Task Force (FATF) on Money Laundering’s 40 Recommendations, 5. Noting  with  satisfaction  the  existence  of  legislative  tools  such  as  the  United Nations  Office  on  Drugs  and  Crime  Model  Money-Laundering,  Proceeds  of Crime and Terrorist Financing Bill 2003, 1999 UN Civil Law Model Law on Laundering,  Confiscation  and  International  Cooperation  in  relation  to  the Proceeds of Crime, and the Commonwealth Model Law for the Prohibition of Money Laundering of 1996, 6. Noting  that  the  Global  Organization  of  Parliamentarians  Against  Corruption (GOPAC) has identified anti-money laundering as a priority and established a team  of  parliamentarians  to  work  with  FATF,  UNODC  and  others  to  engage parliamentarians  in  establishing  effective  anti-money  laundering  practices  in each country and in supporting the needed international cooperation. 7. Recognizing that the need is greatest in ensuring the appropriate enforcement of    anti-corruption    laws    by    competent    structures    closely    monitored    by independent bodies that report to the representative parliaments,

The OSCE Parliamentary Assembly: 8. Urges parliaments of participating States, which have not yet done so, to adopt anti-money  laundering  laws  along  the  framework  developed  in  the  FATF  40 Recommendations,  and  consistent  with  the  United  Nations  Office  on  Drugs and   Crime   Model   Money-Laundering,   Proceeds   of   Crime   and   Terrorist Financing Bill 2003, 9. Calls  upon  parliaments  of  participating  States  that  have  adopted  anti-money laundering    legislation    to    expeditiously    implement    it,    arrange    for    its enforcement to be monitored by parliamentary bodies, and publicly reported, 10. Encourages     parliamentarians     to     participate     in     the     efforts     made     by parliamentary  associations and international organizations such as the Global Organization   of   Parliamentarians   against   Corruption   in   the   fight   against money laundering, 11. Recommends   that   the  General   Committee   on   Economic   Affairs,   Science, Technology,   and   Environment   collaborate   with   FATF   and   GOPAC   in identifying parliaments of participating States that have not adopted adequate anti-money  laundering  laws,  or  do  not  have  the  appropriate  tools  to  monitor the   efficient   implementation   of   anti-money   laundering   laws,   and   report annually to the Parliamentary Assembly.

AMENDMENT TO SUPPLEMENTARY ITEM ON MONEY LAUNDERING [Set out text of Amendment here:] Principal Sponsor: Mr/Mrs Family Name in Capital Letters Country Signature Co - sponsored by: Mr/Mrs Family Name in Capital Letters Country Signature