Dutch and Swiss Governments Ratify Laundering Convention

On May the 11, the Dutch and Swiss Governments respectively ratified the Laundering Convention. As a result, the Convention will enter into force from September 1, 1993 in respect of those States and the United Kingdom, which ratified the Convention on September 28, 1992. The Convention is expected to receive at least 10-15 ratifications within the next 12 months, particularly in view of the intensive legislative process under way in many countries…[more]