This section contains the definitions of money laundering and terrorist financing.
The definition of money laundering is the one of Directive (EU) 2015/849 and is internationally recognised.
The definition of serious crime forms is the one of Council Framework Decision of 26 June 2001 on money laundering, the identification, tracing, freezing, seizing and confiscation of instrumentalities and the proceeds of crime. Apart from terrorist offences, terrorist financing, trafficking in narcotics, organised crime, EU fraud, corruption, shall in any event include “offences which are punishable by deprivation of liberty or a detention order for a maximum of more than one year or, as regards those States which have a minimum threshold for offences in their legal system, offences punishable by deprivation of liberty or a detention order for a minimum of more than six months”.
Even if the activities yielding the assets to be laundering are carried out in the territory of another Member State or a third country this is considered to be money laundering.
The definition of terrorist financing is the one of Directive (EU) 2015/849.
The Law does not refer to specific offences of the Penal Code but more generally to certain crime forms used in a broad and customary sense.