Anti-money laundering—Greece—Q&A guide

The following Corporate Crime practice note provides comprehensive and up to date legal information covering:

  • Anti-money laundering—Greece—Q&A guide
  • 1. Identify your jurisdiction’s money laundering and anti-money laundering (AML) laws and regulations. Describe the main elements of these laws.
  • 2. Describe any specific powers to identify proceeds of crime or to require an explanation as to the source of funds.
  • 3. Which government entities enforce your jurisdiction’s money laundering laws?
  • 4. Can both natural and legal persons be prosecuted for money laundering?
  • 5. What constitutes money laundering?
  • 6. Is there any limitation on the types of assets or transactions that can form the basis of a money laundering offence?
  • 7. Generally, what constitute predicate offences?
  • 8. Are there any codified or common law defences to charges of money laundering?
  • 9. What is the range of outcomes in criminal money laundering cases?
  • More...

Anti-money laundering—Greece—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to anti-money laundering in Greece published as part of the Lexology Getting the Deal Through series by Law Business Research (published: June 2021).

Authors: ANAGNOSTOPOULOS—Ilias Anagnostopoulos; Alexandros Tsagkalidis

1. Identify your jurisdiction’s money laundering and anti-money laundering (AML) laws and regulations. Describe the main elements of these laws.

The basic legal provisions against money laundering are in force through Law 4557/2018, which includes all legal provisions stipulated by Directives 2015/849 and 2018/843 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. All local regulations and administrative provisions are structured in relation to and in accordance with the AML Law, which is in line with international conventions and other instruments in force (eg, the UN Vienna Convention against Transnational Organised Crime and the UN Convention against Corruption). All measures, both preventive and repressive, that are generally provided for in all international instruments are applied through the provisions of Law 4557/2018 and relevant administrative regulations, which contain directions and details on the application of anti-money laundering policies for all agencies, authorities, covered institutions, etc.

The main elements of Law 4557/2018 are:

  1. the definition of the acts of money laundering;

  2. a description of the predicate offences, the proceeds of which fall under the scope of money laundering regulations;

  3. jurisdiction of law

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