The Anti-Money Laundering and Anti-Terrorism Financing Commission has been establised under the L.2331/1995 which was repealed by L.3691/2009 (OGG 166A). It is operational since 1997. The Commission is a national unit aiming at combatting the legalization of proceeds from criminal activities and terrorist financing, assisting in security and Sustainability of Fiscal and Financing stability.
Its mission, according to L.3691/2009 is the collection, the investigation and the analysis of suspicious transactions reports (STR’s) that are forwarded to it by legal entities and natural persons, under special obligation, as well as every other information that is related to the crimes of money laundering and terrorist financing according to L.3691/2008.
Its function and other specific issues are defined by a decision of the Minister of Economy and Finance. Function and powers of the Commision are defined by article 7 of L.3691/2008.
The Commission consists of a Chairman and eight members. It submits annual reports stating the activities of the Commission and statistical data to the Committee Institutions Transparency of the Greek Parliament.
The Chairman is an acting Public Prosecutor to the Supreme Court appointed by a Decision of the Supreme Judicial Council and serves on a full –time basis. |
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