The AMLL establishes a wide range of financial institutions as obligated entities, including banks, money remitters, exchange houses, casinos, and real estate agents.
The AMLL contains provisions for the seizure and forfeiture of assets; however, the Haitian government cannot seize and declare the assets forfeited until there is a conviction.
The AMLL does prohibit cash transfers of more than 200,000 HTG (approximately $5,000).
The AMLL introduces measures for cooperation on mutual legal assistance and extraditions.
The AMLL may provide sufficient grounds for freezing and seizing terrorists' assets; however, given that there is currently no indication of terrorist financing in Haiti, this has not yet been tested.
The key institutions necessary to the satisfactory functioning of the legislative framework are in place, but they have not yet sufficiently used the tools provided by the AMLL.
Under the AMLL Serbian financial institutions and obligated reporting entities are required to develop and apply a list of indicators to help them identify suspicious transactions.
Both the AMLL and previous anti-money laundering (AML) legislation require obligated entities to report to the FIU all cash transactions equal to or more than euro 15,000 (approximately $22,500), or the dinar or foreign currency equivalent.
The AMLL introduces a cash declaration system, which came into effect in September 2009.
Regulations to implement requirements set out by the AMLL currently are being developed.
Most designated non-financial businesses and professions (DNFBPs) have not implemented any of the requirements of the AMLL nor the previous AML law, which included them as obligors.