This Anti Money Laundering (AML) Law, established in 1998 and modified in 2015, prevents, detects and sanctions money laundering activities. All entities and natural persons subject to this law are required to report suspicious financial operations. They are also responsible for appointing and training officials who will carry out transactions which may be subject to money laundering acts.
Entities subject to this Law include: microfinance enterprises, credit card issuing entities, natural persons carrying systematic transfers of funds, casinos, real estate enterprises, hotels, political parties, etc.
Chapter II classifies all illicit activities, including robbery, kidnappings, contraband, and bribery. Chapter IV refers to inter-institutional collaboration with governmental entities. The Internal Revenue Service, the Central Bank, and other state institutions must give direct access to their databases for the proper investigation of activities and crimes regulated by this law.