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Government Adopts a Law against Money Laundering

State of Palestine - Monday, August 27, 2007

The Palestinian government approved on August 27, 2007 a law for combating money laundering, in the absence of the legislative council which is paralyzed as a result of the conflict between its two major blocks of “Fateh” and the Islamic Resistance Movement (HAMAS). The law prohibits trafficking in persons, sex, weapons and drugs. It also prohibits bribery, fraud, kidnapping, money smuggling, embezzlement, and tampering with money markets.


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