W?O?M?

_ uKFK WOdF nU WFU

u_ q rzd

u sb wO bL

v_ WFD
Ud

Uu;
rbI
WbI*
UNuNH UNU u_ q W1d _ qBH
UNO Wb( UU&
Wb( UU& UNU u_ q W1d uNH
UNOK W'UF* u_ q .d& w,
uD u_ q W1d q wU qBH
u_ qG UD UL U YU qBH
d{ WUB8 W1d:

WUB' W1d3 u_ qG UD8 UL U

WOK8 U d{ u_ qG8 WOK8 U
u_ q d{ u_ qG8

tUOKL u_ q WOHO: ld qBH

u_ q uB UOKL u_ q WOHO3
WOdF8 b8 w, r8UF8 w,
u_ q qON qu fU) qBH

wLOK8 u* vK u_ q W UJ U qBH

wb wMN*

w_ fK: uN WO,dB* UR* uN

b8 uN G7 dJ8 WOUMB8 l8 b8 uN

ULO, UF8 w8b8 u* vK b* 3_
u_ q W,UJ* b8 5
wMu u* vK W UJ* lM* WU8u lU qBH
rzd' s nAJ8 .d8 lM* WU'u8
rzd' u_ q rzd' WuJ* UF _ sU qBH
UN WDd*
uMF* UNM3 u_ q rzd' WuJ* UF,_
uMF* UNM3 u_ qG WDd* rzdK8 WuJ* UF,_
rzd' u_ q rzd UuI lU qBH
UN WDd*
rzd' UuI u_ q rzd UuI
u_ qG WDd*
UNO W_ lL u_ q rzd w oOI dUF qBH
ld*

rbI
WFOK w d dO_ uM w u_ q rzd UD l
U?N??FOD d?E? w?b? u???* v?K uD) WGU WOd WDA_
U?N?U?UM s ?C? W?O?U?L?? W?O?M_ WUB9 UU UNOU
d UUBF UNU U wb UL pc be 
WOb WLEM*
v? d?OA ULH UMUFL w b e dUE c XUH
b* dOG* ub be oKI UB iF p
U?N???U?J?0 W?K?O?H?J? d? U?W uN' c d{ v WOb
c? d& WOd 5u9 UFdA b b\ b9 UNU; bB
WOM_ WOCI c W'UF* WOB Wd vK b U2 dUE
WJ* UNO dIH u_ q rzd WLOI Wb c p
U?: c? w? W?M?O?\d? W?O?L?K?F? U?L_ WbI w wQ UN WOdF
ZUd w WMLC UN ULH UF c UNb\ sL{ UdAM WFU'eF
WFU'U u Ub eHd qL
Y?U??* s? b?b?F XD uB dA vK Wb XKL b9
U?d?{ r? U?u?D? U?N?W?U UNuNH0 b? W?O?u? W?O?M?_W?OLKF
X?9d?D ULH wb wLOK9 u* vK UNUJ q WUB9
r?zd' c UuI r wMu u* vK WUJ* lM* WU9u v
W?1d?' c? u W_ lL oOI s d?O? U?N WDd* rzd'
UI q bK dUF

WOuUI WUB9 UUFQ uLK d Wb uJ cN

o?OLF UMU UNu U* UUCI WUH vBI 5\ uKQ WOM_
U?L?N U?F?d? b?\ c? u?J? q?Q? o?O?9b? w?uUI qOK
wM_ wuUI qI( w 5LN* 5b 5UK

bBI s tK

fOz
WOM_ uKFK WOdF nU WFU
bUGdI s eeFb

WbI*
UNJd t tO q_U U UO w uQ dO U d W1d'
wF d wK d u w
b? b?F? w?K d U?L?z W?F?U? W?1d? u?_ q?? W1d
W?O?K?_ W?1d?' U UH qO: s UN UNO q_ WuG* u
u_ pK bB XUA w UN WFU
s? t??1d? U? U?H? U W1d UJ w wU' U s UA U*
t?O?K XF: U2 ?? ?A UNUJ w XKLF
U?O?Q?A ?B??? s? W?1d' s r$ U qO: WA W1d' c
v?K b UN_ U?O?zU?M? tI r v u qF
W?:d
WbOKI uBMK UI c UNUB s Uu UOU W1d' tUJ
s? t??L?AU??0 U?HA t1d U s I vK wU' WLAU u
s? j??{ U? U?B? l? U?N?O?K? t?UI WOK_ t1d
u s WKB
u sUNM r$ U W1d' UJ w XKLF

U?O?_ c? v? uuK wzUM' jC U vF `d Zd

UNUB* bON9 UNDC u_
WuIF rJ w{UIK u WM wuJ e' UE s U* hM
XKLF w WuC* UO_ UB0 vCI WbL WM WUM q s
p UNM XKB% w UO_ W1d' UJ w qLF UNQ s UA
uAc* UO_ XUA S UO_ c vK WOM s dOG uI U
vK 5F t w W1d UNO qUF UNUO UNFM bF WIU dIH w
WOM s dOGK o UN oKF u UNUB0 rJ w{UI

c? s? V?:U?F? t?S? UNJ s dO W1d' U wH< UA U

W1d' w o d qO: s bF UA WKI W1dA UH
t? vK WM wuJ e' UE s U* XB bI WOK_
tM b W1d' UL U*U UA s UNu: bF W1d' w UJd bF
WO UF_ s qF
w{UIK u t vK WM dB* UuIF uU: s U* hM
XKB% w WuC* UO_ UB0 rJ WM WUM' WuIF rJ
UNQ s w XKLF w WuC* WK_ pcA W1d' s
X?U?A W?O?M? s?? d?OG uI b tKA c UNO qLF
UN{d UNFO UNUO UNULF UNFM bF w s uAc* UO_
p?K? sJ r u u_ lOL w UB*U rJ( V t w W1d lOK
rNLK UJK UO_
uUIU WUC* dB UuI dJ U* U rzd' WMU l
d?J? U?* u?d? r?zd?' W??MU U* WM r:
l dB* uUI w b< rzd' WMU `^d rzd' WMU
uUI w UNO U& UNULF rOEM b< WUJ uU: s U*
b< WUJ Q w WM r: uUI s U* l wuJ
U?E? s? U?* l? uF UEM w UNO U& UNULF rOEM
w r: wU d_U UB b< u*U U& lM
W?M?? d?B* u_ qO WUJ uU: s U* k
U?N?O? d?A? u?_ q?O W1d vK W:UF* vK hM UuIFU WU)
W?1d?' q?? u?_ w?K UF WdG uM l U& b sU
U?F? W?O?U?{ W?dG WuC* u_ UB0 u_ lOL w rJ
WOM s dOG v UNO dB WU w UND{ cF WU w UNLO:
u?: v?K? i?dU U uJ W1d' u: vK oU d k
id vK UM lI UNUJ vK bU*U UNUJ vK UHU W1d'
s? U?* w??u?J? e?' UE s U* l bU* UH
U?L?A U?N?u?: q?: W1d' w d s k dB* UuIF uU:
UM p vK uUI hM r U W1dK dI* WuIFU V:UF bI
wuJ e' UE s dB UuI U* l

 W1dK UOK U UA u u UNUJU rN* UH

UNu: q: UNO UJd UA

w? X?K?L?F? w W1d' UJ s WKB* UO_ UH U?OU

W?K?B???* U?O?_ c? UH oKF u UNUJ

X UN Xb UOQ oKF W1d' UJ w WKLF*
UNO dB s
tHM WFHM vK pc rU u dA dO tu pdA uB UU

b?F? p?dA V:UF W1d' UJ s d hA

UN dI* WuIFU e' UE s ULK UI W1d' u:
b? f??( v?K? WuIF be u  WUM W1d' XUA
b?F? W?1d?' w pdAK dI* WuIF l:u uM fL
b?U? t?d? t?u? r?N* vK UNu:
UH vK
W?U?C?* U?u?I? dJ U* XB bI dB* uUI w U
W?:d?? U?O? v?H? s? q?A v?K WM r: uUIU
b qGA l f(U V:UF pc tLK l WM WUM s WKB

WKB UNOH w UO_ rKF wU' UA 5M vK be

W1d' cN dI* WuIFU tOK rJ b UNuI W1d s
s? bF WdB* WOuJ u* w u rKF d k
d WOK_ WLU* qO: s WOK_ W1d' w WLU* qO:
W1d' u: vK oU

W?1d?' w? u??* r?U??* 5? W?b?OKI W:dH c vK UM

U?u?I?F? u?U?: b?$ U?N?M? W?L?U?M? ?B?LK wH< WOK_
U vM b: tO u_ q uB U tKbF bM wUD
t1d s WLUM cI u_ q dF WOK_ W1d' w WLU*
hM pc UB* l t1d s tuIF vHJ wUU UU s d

r?: u?U?I?U? WUC* wUD UuIF uU: s U?OU dJ U*

o?bB WUM* WM r: uUIU bF* WM
W?M?? u?_ q??G? W?O?_ W?O:UH vK WM UOUD
W?1d?' w? W?L?U??* U? b ULO t vK u_ qOG WU)
B* lK uIM u b s qA V:UF WOK_
uIM pK WIOI wH s qA WbL rzd od s bL* WOMOF
V:UF rzd' c q s bL UUU WOMOF UO_ lK
W?O?U?D? d?O uOK s WdGU WM dA wM v l s sU
v? s? W?O?U?D? d?O? u?O?K? v?
w?M?N? U?A?M? U?O?I? U?M? W?1d?' XJ UIF bA wJd
s? b?L??? WOMOF UO_ lK uIM XUA UIF nH
uM fL U& b sU UNOK V:UF W1d
bL* W1d' VJ c hA UA UC U* c oDM
sJ1 r W1d' c XUA UNO UN tO tu u_ c UNM
UNO UN d U
WLU* U b ULO t vK uUI fH s U* hM
uI wH rK u h qA V:UF WOK_ W1d' w
q UH rK UO `L WOzUM W1d B s UFK

sU V:UF dOG tHM bzU vK uBK lK uIM c

uOK v WOUD dO uOK s WdGU uM UL v 5M s
WOUD dO
dO uOK v WdG uM X v s WuIF uJ
VJd UA U* c oDM WU' s W vK XO W1d' XUA
l?:u? U?N? t?O? t?u? l?K uIM c UNM bL* W1d'
UNO UN d U sJ1 W1d' c XUA tOK WuIF
UNzUH W:d* UO_ rK W1d WU U* c k
uIM bU WU w wUD UuI UU
dJ U* U
b ULO t vK hM dA* dO q B* lK
w? U?N?O?K? u?B?M?* U?( w WOK_ W1d' w WLU* U
W?D?A? w? b???? h qA V:UF U?O?U? d?J 5U*
WOzUM W1d s bL B U?FK uI WOU WUB:
v? w?u?OK s WdG WM dA wM v l s sU V:UF
WOUD dO uOK
wMN UAM UOI UM XJ b: W1d' XUA WuIF bA
oD ULA U* s WOU dIH tOK hM U* UI WuIF nH
U* s dO_ dIH
W?1d?' w? 5?L?U??* s? u?_ q?U? X?? p? vK
v?K? V?:U?F? U/ I vK u_ q vK V:UF  WOK_
WOKOLJ WuIFA UNM bL* u_ UB0 rJ WOK_ W1d'

d?A?* d?O `dK WU Wd d vK 5uI iF hM

UC rN1d s uLU* UM c
d?U?F? W?L?E?M?* W?1d?' W??U?J?* b??* 3_ WO:UH k
w?? ??K? WMU WbOKI dEM c XI b: WM bK
U??* X?U?A t? v?K? U?NM U* w XBM UOUDSA UNNM
vK hM u p wCI dD WbK wKb uUIK WOU_
u_ q rzd w U?* c s dIH w WMO* rzd'
wK_ d' uJ sc U_ vK oDM
ULK UI d W qA bLF vK uAc* WO:UH s U* hM
.d??? d? d?O?b? W?O?FdA dOb s eK b: U wKb UNuUI WOU_
bL VJd UbM UOzUM WOU UF_
t?u?9 U?H? d?G rzd bzU UNQ rKF l UNKI UJKL* qu%
d' UJ w lU{ h bU UJKL* pK dA* dO bB*
tKFH WOuUI V:uF s  vK tM XQ c wK_
dB WOHOA UNUJ UbB UJKLLK WOIOI( WFOD tu9 UH
rzd bzU UNQ rKF l UN WIKF* uI( UNOJK UNAd UNO
wuUI UNUEM WOU_ rOUH*U UM
b?zU UNQ UNOIK X: rKF l UNb UNUO UJKL* UA
rzd
R?u U* c w UNOK uBM* rzd' s UJ w WAUA*
tKON p vK id bU* UNUJ WU UNUJ vK dP
cN U tQA uA* b
\ U* w u_ qO rzd s U* oUD U*
d?u?* b< w dA* dO U& WUJ* b* 3_ WO:UH s
XLC b: dLu w cOHM eO XK w WM WOKIF
d?Lu v W W w WO:UH cN
w? r?: u?d?*U? U?N?O? W?uF WOdF WJKL* XLC
W?U?) uAud Wb?F?*
w?O:UH v XLC ULA

WO:UH WcOHM Wz b WOKIF dR*U WU) b<U

w r: u fK dI WM UMOO

u?_ q?O?? W?1d? a?U? s? qB w wK ULO rKJM

q s U qB w UNUI UN1d& w Wb( UU& UNuNH
UD UL U s YU qB w uD u_ q W1d
r?? n?O?A s l qB w d{ WUB: W1dA u_ qG
q?? q?O?N?? q?u? s? f?U? q?B? w? tUOKL u_ q
UNM WU:u lM* u_ q WUJ s U qB w u_
lM* WU:u s lU qB w wb wMN* wLOK: u* vK
rzd' WuJ* UF_ s sU qB w wMu u* vK WUJ*
r?zd? UuI s lU qB w UN WDd* rzd' u_ q
rzd w oOI s dU qB w UN WDd* rzd' u_ q
UNO W_ lL u_ q

Y???U? h??? u?_ q?O?? r?zd? W??U?J* WF WJKL*U XA b:

w? r?: wU d_ h b: oOI jC d
U UdEM dJ rAU; v u_ q UUC: WU vK
d?A?* d?O? U?& W??U?J?* U?M?O?O? W?O?:U?H v UNKA XLC bI ZOK)
W?M v XuJ b ULO WM WOKIF dR* bLK
b? e?K WO:UH c k cM UNO XLC bI dB U
UNMOu: w UNM U* w UNOK uBM* rzd' US UNOK W:bB* d_
W?O?d?F b s b w b b: u_ qO rzd UNO U0 WOzUM'
WOb UNUe WU u_ q .d 5u: dB UNMO s

_ qBH
u_ q
W1d
UNO Wb( UU& UNuNH UNU

u_ q W1d aU
UNO Wb( UU& UNuNH
u?_ q?
? u?N?H? s? Y??? w? q?BH+ c w rKJM
tUI t1d& w Wb( UU& s U Y w tU

UN*U u_ q W1d uNH _ Y*

U?NHOEM Money Laundering u?_ q?
`KDB
t?u?9 U?H? v?+ bN tO d qF wMF UdOND UNCOO
ULK b YO WdA dO WDA s bL
* B* tMK WFO
WDA w UNb p+ bF vM
O+ WdA UB s UI
 XUK u+
UNU W+b+ q WdA
tQ WM u_ q
eK dK$ uUI+ WOFL Xd
W?O?I?O?I?( U?N??OJK W1d' B cI+ U* WFO dOOG WOKL
dA bB s UI
 UNQK B* c b YO
V?
??K U? s WdA* dO WHB+ UH u d ndF XL
tFO bB vK rOFK+ UNId s
b?B?* U?K d?d U tQ s VJd qF tQ iF+ td
rU
dA dO UA s dU dO dU uB W&UM+ u_
WdA* dO bzUF+ c q qu% UH nOu WOKL w
vK u t+ULF U t u_ q
`KDB U s s b dF
wMu+ wLOKl w+b+ UDM+

q?O?? w? u? W?O?d?A* WHo t+U U

K v+ ud U* qU
c?N? WOMI+ qzUu+ od s U?U bK+ WOdG' b( U p+
UdA tKFO+ U*
rl U% uUI+ s nUF+U WoU) v+_ U* td ULK
q?L tQ b* WOdF+ UU u_ q
.d& QA WM
+
u?_ p?K? W?I?O?I? t?u?9 U?H? u? b? qI vK uDM
s U* s bM+ w UNOK uBM* rzd' b s WKB*

vK u_ q
.d& dBl bl U uUl _ p+ uUI+ c
w U* s bM+ w UdK WMOF rzd s WKB*
u_

WOKIF+ dR* b< rzd

U WModI+ nD) rzd
WO+ uUl UJ_ WH+U<U lI w+ rzd'
dzUc+ WUM+ WK_ w dA* dO U& rzd
UF+ U*U d{ ud+ rzd
UN qB U WU_ WUO UO rzd
w??+ W?O?+b+ UOlUH UNOK hM w+ WKB+ d W1d W
UNO Ud W+b+ uJ
W??UJ QA WM
+ rl uUI+ s v+_ U* Xd

Xd U w UB+ XuJ+ W+b u_ q

UOKL
d?O? W?O?+U? U?OKL s WuL WOKL UNQ u_ q
UOKL
bzU u+ dA* dO bB* tu9 UH v+ bN WO+U
dA bB s WKB bzU u uo w UUN W1d

qu% nOu WOKL w rU

qF qK UOKLF+ c qOl s dF
UH W1d s dU dO dU uB W&U bzU u
UbB tu9
W?OdF+ dB WuNL' u_ q
uUl s v+_ U* Xd

UHdF+U WoU w WM
+ rl uU w UB+
u U
K vK uDM uK qK UNQ u_ q
U Xd
U?N?b? U?N?+b??? U?NEH UN UNO dB+ UNUO
X?U?K U?N?LOl w V+ UNKu% UNKI UUL UNUL{
uUI+ c s U* w UNOK uBM* rzd' s W1d s WKB
tFO tu9 U* UH uK
+ c s bBI+ UK v p+c rKF+ l
W+uKO( tIOI dOOG tO o( VUo tUo tUJ bB
W?1d?' V?J? s? h?? v?+ q?ou??+ W?K?ld? p?+ U?A?K
U* UNM qB*
rzd vK u_ q
.d& dB bl dB* uUI+ k
rzd UNMO s tM U* w U uUIK W+u
G* u+ bdK WMOF
rzd' UFldH* WK_ w U& Ub+ b< U
dD) UUHM+ u*U WIKF* WO+ rzd WLEM*

wUMK+ u_ iOO WUJ uUl UNCOO u_ q

ndF UC l
ud*U UB+ u
+ u_ q
WUJ uUl WM
+ rl
W?J?K?L?L?K?+ u?_ q?
WUJ UE WM
+ rl wFdA+
v+_ U* w rl WuF
+ WOdF+

 U?N?S? W?d?A? d?O UB s WOQ cI+ u_ c XUK U*

q9 w UNUl s bOF UN_ W+bK+ wuI+ "UM+ UU
sL{ qb
w?+U?+U WOd U& WdA dO WDA s W&U WdA dO u

wH) UBlU tOL

vK `KDo U WDA sL{ qb u_ q
S
W?1d? u?N? Black Economy u?_ U?B??l Hidden Economy
WUBl
b?b?% u?_ pK UH u u_ wKU b UK U*
rNS UNNuL p+ UNU
K UJ u_ pK bB rNUOBA+
u_ c 5 dU WKo UF u p+ qO w uJK

U?OKLF+ s bbF+ w UN+U UOU UNM b+u* WOd WDA_

dO s `B bF UNUo_ UNU dO dA* UBl q
UIKG

d p+ qE YO tUJ UNU
K U wBI sJL*
5 u_ c UNO b w+ UOKLF+ bF ULKK t k
c b UouB UbB qo l VFB+ s UK ULKK uM+
bbA+ W
UM* ud: qG
WO*UF+ uM+ WJ v+ UNId u_
W??
?M?+U? d??K U?b? v?K? u?B??K?+ ?L?F+ c w uM+ 5
WdA* dO rNDA_

u_ q W1d aU
U??J??F?? w?? U?? u?_ q?
? d?oU?; W?O?+b?+ u?N?'
r?E?M?* d? U?U?L?' W?U?B?l uI+ WLb* WNu WOOd
WOd UNDA U s UH s UUL' pK lM UNUF{
dA* UBl `+UB+ wd UBl+ WO
+ U wU+

b?<U? d?A?* d?O? U?& WUJ* b* 3 WOlUH XUK

bb' WOOd c sLC WO+ WIO WM
+ dR*
U& Q b+ UNU s WU
+ W
U) UNOdI w dI
sJ9 WKzU d UU

b WOKIF+ dR* b< w dA* dO

UuJ( UOK U
 YuK d s WOMu+ d WOd ULEM*
t?U?u??
? l?O?L? v?K? l?L??: W?dA* WO+U* WU+ U
R*
5KGA* U_ Ud vK w+b+ lL: e bKR wN w+U+U
B s tuM U2 WOKIF+ dR* b<U dA* dO U&U
v+ rNFb c+ fOzd+ eU( vK wCI p+c wd rNUA s
UF_ c UJ
u?_ q?
? d?oU?; u?N? w?+b?+ l?L?: qo p+ bF
u+ d9R* bIFU WOd rEM* d WDA lOL s WKB*
s? d??H?+ w? U?O?+U?D w+uU w WOMu+ d WLEM* W1d' s w*UF+
u?I?+ d? v?K? b?O?KQ??+ v?+ t?O? b?+ U? d??Lu
v?K? U?N?b?l s? b?( W?O?d? U?L?E?M?LK+ WUBl WOUL
w 5b
 WOd rNB q
G+ dA* UBl w qGKG+
b* 3_ b+ bl bU
 WFA U nMF+ p+ qO
w??+ bbN+ b{ UF+ vK WOLOKl WO*UF+ ULEM* s UdO
l?M?* U?O??O?d?? dOb+ US WOMu+ d WLEM* W1d' UN{dH
W1d' B b u_ q
s qK WUJ
WUF+ WOFL' dl u_ q
b{ uN' p+ bF XKou
WMOF d?O?b uOu w uuOM UN+ U UL w b* 3+
W??U?J? WOOd cOHM w b+ 5 oO
MK+ qU jD s eK

b* 3_ WOlUH bo v p+ bF uN' XKou u_ q

U?* w? WML?C??

d??L?u? w? WOMu+ d WLEM* W1d' WUJ*

rzd' pK vK b+ X w+ u_ q
rzd UNM WU
+
b* 3_ WOlUH s U* w U* WIUD w WOMu+ UNMOul sL{
q?
UF s WOKIF+ dR* b<U dA* dO U& WUJ*
d?O?D W1d qK rEM* d WDA lOL' WKU Xo u_
u_ q
G+  uJ sJ1 U b
W?O?U+ WOUM+ s u U u_ q
WbI* w UMO o
u?J? v?? t?zUH v+ ud: vF
WOKo_ W1d' U s d
?? u?J? v?? U?O?zU?M? r?N?I bM W1d' X rb{ ?O+

W?1d?' d? UH UK U* W1d' pK B s UK UBLK+

rNM qB I vK tOK UI  p+c+ UNOdI* W
M+U wFO
W?1d? U?M?N? rdO s qB U UB* wKo_ UIF+U UHK
w? U WbOKI+ WOUM+ s c o+ d qOl s bF WKI

w? d?A?* d?O? U?& W??U?J?* b* 3_ WOlUH S d{U( UdB
w cOHM+ eO XK w+ UMOO WOKIF+ dR* b<
q?
? W?N?u?* w?+b?+ u??
?* v?K? W?+U XUK dLu
U* w p+ Uuo UN+ W1d U u_
l w o( d W+ qK UDK WOlUH c XD UNM
B* UB bOL&
UNKu% u_ qI vK XlR* dE( u kH+ bOL+
W??lR uB UNOK e( UNOK bO+ l{ UNJd% UNO dB+
WB WDK WLJ s Uo d U vK

dU odD UNOK uB( - bL

 u W w B*
s U* s dIH+ w UNOK uBM W1d UJ s dU dO
u_ q
b< rzd w WOlUH
dO UO
+UK XUK WU UNu UK U uo_ u_U bBI
W?+uIM WOUMB+ Ud WOMH+ WO_ WOJK* uIK WU
WOuUI+ bM
* p+cK WuLK dO XUK WuLK UIF+UK WU
UN oKF o u_ pK pK9 X w+ uJB+
Le terme Biens designe tous les types davoirs corporels ou
incorporels, meubles ou immeubles tangibles ou intangibles, ainsi
que les actes juridiques ou documents attestant la propriete de ces
avoirs ou des droits y relatifs.

iOO v+ t bl WM UB+ UBLK+ U UK

bB* UH v+ bN w+ WOdB* UOKLF+ lOL tQ td u_
hM+ U u+ wd'

nUF+U WoU) uKc* WOlUH s v+_ U* l

Cook Committee r?U? W?d?F?* u?M+ vK WUldK+ U WM' k
u?_ qO
d_ wdB* UEM+ b U lM* U b XF{
vK UHK+ uM+ UNNM V WOKuK U w dL
w
s? b?L??
? UN u b qu% VM p+ UNO Wu* WI+ UNFL
lOL qLA tKF u_ q
w UC U lu WOd WDA
b?B?* U?H? b?B?I? r?U?Kd? u?K?U?G?+ UN uI w+ WOdB* UOKLF+
wO ULK UNUo u+ wd

(Criminals and their associates use the financial system to make

payments and transfers from one account to another to hide the
source and beneficial ownership of money, and to provide stockage
for banknotes through a safe deposit facility, these activities are
commonly referred to as money laundering).

o?K?l U? s? t?
U rEM* d UUL ul wUM
dO Ub) lK
+ w WOd U& s t uI U* w*UF+ u
* vK
WM dLu w b* 3+ WUF+ WOFL' dl p+c+ WdA*
d?? W?L?E?M?* W?1d?' W??UJ* b* 3_ WOlUH rl UdI
W?OlUHU Xd p+c+ UO+UD udO+U w UNOK lOluK+ X{d WOMu+
dL w cOHM+ eO XK w+udO+U
bo UNM UM UN WIK uKud W WUF+ WOFL' dl bl
V?d?N? U?H?_ U?
?M?+ W?oU? U_U U&U UoU UNF
w dA* dO U&U U) Y+U+ u' d+ d+ d sdN*

W?M? u?U? w? t?d?l U?N?F?O?M?B dOc+ UNUuJ WUM+ WK_

.d& vK hM UN b$ WOlUH c s WU
+ U* v+ ud+U
l?K?
?+ w? W?O?d U+ WDA UU WOd bzUF+ q

u+ b bF rEM* d UNOK uI w+ WdA* dO Ub)

UNB U UNK
v+ ud: vF
w+ cI+
WOU_ ULK+ UI bLF WOlUH w d W+ qK vK 5F
UF_ .d+ d dOb WOFdA dOb s eK bl U wKb+ UNuUI+
bL UNUJ U w UOzUM WO+U+

d?G W?O?d? b?zU? U?N?Q? r?KF+ l UNKI UJKL* qu%

b?U
 U?J?K??L* pK+ dA*dO bB* tu9 UH
v?K? t?M? X?Q? c?+ w?K?o_ d?' U?J? w? l?+U?{ h?
tKFH+ WOuUI+ VluF+ s 
U?N?U?J UbB UJKLLK+ WOIOI( WFOD+ tu9 UH
rKF+ l UN WIKF* uI( UNOJK UNKd UNO dB+ WOHOK
WOd bzU UNQ
wuUI+ UNUEM+ WOU_ rOUH*U UM
UNQ UNOIK Xl rKF+ l UNb UNUO UJKL* U
K
WOd bzU
Ru+ U* cN+ UI dI* rzd' s UJ w WKUA*
p+ vK id+ bU
* UNUJ W+U UNUJ vK dP+
tQA uA* b tKON

u?_ q?
rzd u?J?
w??+ U?F?_ v+ Ud o bl

d WLEM* W1d' WUJ* b* 3_ WOlUH s U* w u+

q?J?A? U?N?O?K? u?B( r vQ UJK2 rzd' bzU dOF bBI
W?oU?) W?O?lU?H? s? U?* l? U? d? U?J? s dU dO dU
dI UNO Wb
* UKDB*U
W+uIM WU dO WU XUK u UNu UK U uu* UJKL*U bBI
X w+ WOuUI+ uJB+ bM
* WuLK dO WuLK W+uIM dO
WOlUH s U* s dI UNO WKB u uu* pK WOJK
V
d u{u `B sJ1 bzU tM XQ d u wKo_ d'
WOlUH s U* s dI WOlUH s U* w u+ ndF+

3_ WOlUH UI rzd' c uJ
w+ pK+ WIUD WM
+ WOMu+
W?M?
?+ WOKIF+ dR* b< w dA* dO U& WUJ* b*
UNM \ \ U* w u+
sL{
Q Ud+ u+ w_ fK: qL wLOKl u
* vK
WOlUH WM
+ dLu w u_ q
G+ w_ fK: WOlUH
WIM* tuo w U
H+ WUJ* b* 3_ WOlUH dA s U* hM
u_ q
dOF bBI t vK U
UH dG+ wd qF bzU UNQ rKF+ l UN+U UJKL* qu%
l?+U?{ h?? bU
 UJKL* pK+ dA* dO bB* tu9
tKuK Vlu s  vK wKo_ d' UJ w
pK bB UN WIKF* uI( UJKLLK+ WOIOI( WFOD+ tu9 UH
UNOJK UNKd UNO dB+ WOHOK UNUJ uI( UJKL*
wd qF bzU w UJKL* pK Q rKF+ l
U?N?Q? U?N?O?IK Xl rKF+ l UNb UNUO UJKL* U
K
wd qF bzU
s? W?O?Q?? u? q
G oKF wd qF UJ w u+ WKUA*
p?+ dO
O tUJ vK bU
* p+cK tUJ w dA+ w U
H+
UNd UJKL* p+cK tQA uA* b tOK Y(
U?N?+U UNKI ULCK UNLOK
UNKu% UN+U UNO dB+
UN Udu% UUL
U?H? d?G?+ w?d? q?F? b?zU w UJKL* pK Q rKF+ l
w l+U{ h bU
 UJKL* pK+ dA* dO bB* tu9
tKFH+ WOuUI+ VluF+ s  vK U
H+ qF UJ
U?
 d bzU q9 U
 d s WOQ UJKL* pK XUK
c tBM tFlu tMN rJ wMF* hA+ vK U UK
p+ qFH r+ UJKL* pK+ dA* bB* s oIK+ W+ dOb+
5U* w U* WIUD w uKc* dA* s U* UC l
W?M?
?+ W?O?M?u?+ d WLEM* W1d' WUJ* b* 3_ WOlUH s WU
+
dA* dO U& WUJ* b* 3_ WOlUH s W+U+
u_ q
.d 5oU) WM
+ WOKIF+ dR* b< w

(Counicl of Europes Convention on Laundering, u??????d??????

.d???& Search, Seizure and Confiscation of Proceeds From Crime)

?B??? v?K? u?B?I? d?O? t?K?F? Y?O? tO lu u_ q

W?1d? W? s bL
 B W qLA tKF U/ Ub b<
v?+_ U* hM UbB UH UNK
vb
UU b WLO

uJ sJ1 B UNM rM W1d W vK WOlUH pK s

p?+c? w? W?O?lU?H? s? WU
+ U* w tOK uBM u U2 W1d
U??N??M?? b??L????
?* W?1d?' X?U?K U? u?_ q?
? W??U?J? v?+ b?N?
UUGK b* WJKL* s qK bUF* c vK Xlbo bl B*
d
u bM+u UO+UD bMKM
d& WOMu+ UFdA+ s bbF+ UM b$ wMu+ UDM+ vK
u_ q

WOJd_ b* Uu U w

w+ UOU dJ UU* UNUuI uUl XML{

bl UO+UD b$
rl uUI+U X+b
w rl uUI+U XHO{
WM
+ rl uUI+U XHO{ w+ U+U dJ fD
w
WbI* w ULNO+ U XI bl WM U w
dA* dO U& WUJ* b* 3_ WOlUH vK U
LM+ obB WUM*

w? b?I?F?M?* W?O?Mu+ d WLEM* W1dK+ u+ d9R* UL WuL l

U UO+UD w+uU

W?M UNUuI uUl X+b WM

+ WOKIF+ dR* b< w
U??lU?F? W1d WLO
rzd s WKB?;
u?_ q
UNKF

uM fL v s
+U UNOK
h?M? U?L?K u?_ q
WM UB+ uUI+ d UJOK w
u?_ U?O? U?J?O??K? w uUI+ dF u_ c UB vK
W1d W1d s WKB; UO_
Q?A? u?O?+u? w? r?l u?U?I?+ U U
d w
U?& s bL
* u_ q
WUJ w WO+U* U
R* WLU

u?U?l s? U?* w? uB v+ b< w dA* dO
UL' uUl s U* WUF+ WB+
W?M? X?H?O{ bl WUF+ WB+ uUl s U* XUK
uUI+U WUC* W+U+ dIH+ hM b< ULF u
WoU w
q?K W1d bF t vK UNO+ WM U w rl
U_ qo s UK dd .bI qON
bBl u
U qN
s
UH b w UOMI bU b< rzd s bL
* uu*
rzd' c s bL
* B* qu%
WdG+ uM dA v+ 5M s s
+U W1d' c vK VlUF
5??u?I?F?+ 5?U? b?S? w?
?d pd \ v+ s
b?l W?1d??K+ WuJ* WHK< UF_ XUK U?C? UuIF+ c oD
b uUI+ c dN WOFlu+ WOUM+ s d w XJ
Ub b<U U& s UNKK bL
* u_ UM t_ oOD+

ULK+ UI WM cM WoU W1d u_ q

`o UOU* w
u?_ U?B? u?U?I+ V wU*_ UuIF+ uUl s
U?J?KL* u_ c XUK u u_ q
G WIKF* UJKL*
UNU + q ll dA dO qL s WKB

q
W1d s WOMF* UDK
+ mK s qK UIF+ s uUI+ wHF
UuKF0 w+b s vK WuIF+ nOH WDK WLJLK+ vD ULK u
5?Kd??A? s?d? U?A??K w bU
WLKU; oOI+ WDK U
u q
rzd w 5u
U?u?IF+ uUl w d _ u_ q
W1d XK d
u w
v?K? W?M? U qbF h bl WM tKbF p+
rzd' s 5u
uUl s UOU dJ U* tOK hM bL u_ q
_
UuIF+
uB XML?C?
w+ WO+U* UOKLF+ w UL d( b wU+

U+U dJ U* tOK hM q

G+
X?U?K U? u? w?+b?+ U?D?M?+ v UI U bl UK t k
wHJ t UNOK UIF+ UJ WbL uJ V u_ q
W1d
dK b ULS UuB wU' UA uJ UNOK UIFK+
u?+ v?? U?NOK WlUF* d
u
+ W
M+U UMbl ULK b+ iF d
V w+ u_ w dK b ULS UuB wU' UA UK
dK WUM c UNO
s? U?* l? W?O?+b?+ U?O?lU?H? w V+UG+ U& sJ+

d?R?* b?< w? d?A* dO U& WUJ* b* 3_ WOlUH

W1d' WUJ* b* 3_ WOlUH s U* WM
+ WOKIF+
u UC WOMu+ UFdA+ w WM
+ WOMu+ d WLEM*
WbL UNO WLU
* u_ q
W1d uJ
b w u_ q
UF b* WJKL* Xd b* WJKL* w
UF .d+ qL bl U s b U*d+ s Uo UFdA
(Financial W??O?+U?* U?
?R?* q?L? U?L?K Intermediaries U?D?u?+
b??< ?B??? v?K? u??B?I? f?O?+ p?+c?K Institutions)
b? w+ WLO
' rzd' qK B qL U/ WOU WDA_
w b* WJKL* uUl UNu w+ UF_ c U

wd UA s WLU bzUH UH vK d bU


WOd bzU b UO U
K
W?Od bzUF+ c vK rOF+ qI qu% tu9 UH
UB* UN VM+
r?zd? U?J? w? W?N??A?+ s dd UuKF .bI w UH
b??< r??zd?? v??K?? u?B?I? W?1d?' c? s?J?+ u? q?
?
U
WO UF_ .d+ dOb+ s eK U d qK c vK U* c hM
bL UNUJ U w u_ q
UF UNMO s wKb+ tuUl U w
b?L??F? WOlUH w d W+ qK vK 5F t vK U?C U* c hM
d?O?b? W?O?F?dA dOb s eK bl U wKb+ UNuUI+ WOU_ ULK+ UI

bL

UNUJ U w u_ q
UF UOzUM WO+U+ UF_ .d+ d

q?
? `?zu?+ b???* W?J?K?L?* w? U?M? rzd' c v+ WU{U
W?M? q?d? s? U??? U?N? u?L?F?* WM UB+ u_

u_ q
.d& s b* WJKL* uUI UoU bI U qOBH
wK U u
(The Drug

W?M
+ b< w U& rzd uUl bo
U?E?M?+ W?dF0 q
G+ p+ qLA Trafficking Offenses Act of 1986)
U?I p+ wdB* dO w+U* UEM+ U
R uM+ wdB* w+U*
w tA s* W+c* bU
* W1d bF uKc* uUI+ s ULK+
UO UH s tMOJ9 p+cK tQ wU' rKF b< w d t
UcOHM UJ UK U WOd WDA_ s tU
J

Uu
UB Q tA rKF h s WJd W1d' bF
WO UdB+ bQ dB b<U U& w
s bL
* U_ UO WOJK0 UHU hA+ cN+ `L

WOd WDA_
t+UM w UNKF hA+ cN+ UNdB
W?D?A? s? b?L?
* u_ c UL w hA+ c bU

WOd
WUJ* w*UF+ b+ s b* WJKL*U eK WFU qUKb UI l
u?U?I?+ d?9R? U?L? s?L?{ u?A?M?* u?UI+ U u_ q
lM
u?I?( W?O?K?K X?u?J?+ W?FU w uIF* wdF+ r+UF+ w qI
* Ub%
w?U??+ e?' d?u??K s? dH+ w WOdF+ u+ eKd
b* WJKL* w u_ q
G WoU) uUI+ uB X%

V?U? s? W?U? r?J?( W?+U? w UNFOlu sJ1 w+ UuIF+ U

W?d?G?+ W?M? v?? s??
?+ w?N? 5?H?K WO WLJ
UF 5uIF+
U?u?KF* uKD UL' WdA+ Ud+ U?C uUI+ `L

u?u?I? W?O?+U? U?
?R? U?? u? w uu* ozUu+
UK b<U 5F h U&S W+uIF WN u W+U w gOH+U
Ud+ w bOH jC bl w+ UO_ bIF* s
(The Criminal

W?M?
?+ w?zU?M?' U?C?I?+ u?U?l k?
l?M? u?U?l W?M?
?+ w?zU?M?' U?C?I+ uUl Justice Act,1988)
The Prevention of Terrorism Bill of 1989 W??M?
?+ U?
u? s? b?L??
?* d u q
s WUluK+ d dOb u%
rzd' s d
rKULK+ `L

WM
+ wzUM' UCI+ uUl s U*U
U?NOK uBM* pK+ WKU2 w WOU WDA_ B bOL
d? U?B? u?? W?M?
?+ b?<U? U?& u?Ul w
WOU WDA_ c s WKB;
u?I? w?J+ WuA* UOKLF+ s mOK+ wCI u_ q
lM
WuA* bo_ bOL& gOH+ d W+ Ud+ qLF WdA+
ULF u WUJ uUl UC
bo WOJd_ b* Uu+ w
u?B? t?O? U Anti-Drug Abuse Act W?M?
?+ b?<

The Money Laundery Control u????_ q??

?? W????U??J??0 W?oU?

rzd' s 5HzU uBM+ c XMLC bl Act

WO+U* _ od s u_ q
v+_
WDA s bL
 lK UO bB WO+U UOKL w WLU
* WOU+
WdA dO

WOU* _ db W1d
U?O?F?O

d? U?N??J?d? U?K u? W?1d' c vK uUI+ VlUF

W?D?A? ?B???0 W?I?K?F WO+U* WOKLF+ Q rKF+ l WKd W
R
w UU U?L?U
 UK u B* c WFO XUK U? WOd
WDA cOHM+ UOzUM

bBl

VKD WbL W1d' WOKLF+ c w WLU

*
?B?* WFO UH v+ bN WOKLF+ Q rKF+ l WdA dO
b? d?? q?I?M? U?? qIM s U?C? W?1d? b?F? U?N?OJK
W?d?A dO WDA s B q9 WO+U W b* Uu+
p+c rKF+ l WMOF
u s bL
 B* Q rKF+ W1d' w W+ wHJ
v?K U?u?D?M? r?K?F?+ u?J? d??A? ? W?O?d? W?DA_ u s
WMOF WOd WDA s UbL

t??U? u?_ q?O?

? s UM WIU
+ WOMu+ 5uI+ lOL w l
b* Uu+ 5ul s tUJ d t1d& U uD
u?Ul vK bF b d tQ U?LK tM UbF U l WOJd_
WM v

r?zd' lOL' ?U? u?J YO uUI+ c uB XGOo bl

W?O?u?U?' b?<U? d?A?* dO U&U WKB XUK u WO+U*
WdA* UdA* U rzd d_ 5uI+ s dOK UH+U
Racketeering
p?+ w? U?0 ?u???+ u?o q?K q?L?A? W?O?+U?* U?O?KLF+ dJ
Ub UKd% WOdJ+ u+ UNMO s WOJM+ u+
Uub*
r?KU?? u?Kc?* u?U?I?+ `?M?1 U?) w? u?_ q?
?G?+ W?
M+U
b???* Uu+ rOKl U U?oU?B?? W?O+bOH+ b* Uu+
WO dA+ du
wJd su s VJ bl wd UAM+ UK
W?O?J?d?_ b??* Uu+ rOKl vK U?O?ze? tKK VJ bl UK
\ vK be WOKLF+ WLOl XUK
v?+ q?B? W?d?G? u?U?I?+ c? w? u?_ q?
? W?1d vK VlUF
w??+ ?B???* W?L?O?l n?F{ U
U?G?K? \
v?K U?C? u?U?I?+ h?M? W?M? v?? s??
+ WOKLF+ UNMLC
W?LOl \ U? WO+U Ud uo w tOb e
dK ULN wd UAM+ s B*

WDA s bL UOQ WKB WOU UOKL w WLU* W1d

WMOF WdA dO
V?J?d s qK wJd_ u_ q
WUJ uUl VlUF
W?KB dK \ U?N??L?Ol WO+U WOKL UJ w dA

m?O?o b?l p?+c? tLK l WMOF WdA dO WDA s bL

 UOQ
WO+U WLOl W bB r WO+U UOKL W qLA YO uUI+
WO+U U
R W UNO u
q?o_U? w?U?' rK U V WOKLFK+ UOb+ WLOI+ v+ WU{U
wd dG+U rKF+ bBI+ dA sJ+ WOKLF+ q; wd
U WOJd_ b* UuK+ WO+bOH+ rKU; UB b1
w+ WdG+U rJ W W+U w UOJd

UMu rN* UK rOKl

\ d??+ W??
?M?+U? \ v?+ q?B?
qB bl w+ s
+ WuI l WOKLF+ WLOl nF{ U
RLK+ W
M+U
5M v+

WOdF b w UOU

u_ q
WUJ* Ud wuLM+ wdF+ uUI+ dA
f?K?: W?U?F?+ W?U?_ q?l s UNO+ bN WBB WM' b
q
WUJ* Ud wu/ wd uUl dA WUOo dF+ WOKb+
UHdF tM _ U+ w sLC
w tM Xd u_
u_ q
WuL+ UH u_ WO dOFK+
wMu+ dB* WuA* UF* UB* bOL+
WO+U* UUAM+ WO+U* U
R* UB*

W?M? c?M? U?U?O?+ u?_ q?

? U?O?K?L .d+ ldA UNb+ w+ b+ s
w? XKJ w+ G7 d??J+ WOUMB+ l
+ b+ s UN k
5F_ UOou+ l{ c+ w+U* qLF+ od WM fU w UNUL
u_ qO
WUJ0 WIKF* WM
+

`?M? W?U?F?+ s? l?b?K+ WKUI+ u_ Ub ul qLA

W?+u?L?F?+ U?I?F+ nOK
+ pKN
* nOK
p+ w U0 dI+
w? U0 WU+ UL_ UIHB+ qu9 tb Ud o l
u?_ q?u?% U?b? w?+U* U r UOLJ+ rB p+
V????
??+ U?L??z U?lU?D? q?? U?N? l?b?+ q?zU? b?o
U??d?O? W?O?d?B?* u?( W?O?U?O?
?+ U?J?O?A?+ U?J?O?A?+
l?O??+ q? LF+ s WUOM+U U& WO+U* Ue+ UULC+
U0 UdO UO) WK UF* U+ q uH+
U?d?O? b? b?M dOuH+ UJOA+ q WKLF+ u bM
U?F?_ d?R? e?N? b?zU?H?+ W
dB+ WOM_ LF+
r? l?zU?C??+ l?K?
?+U? W?K? U???+ q?u??K+ WKUI+ bM
+
c??N?? W??I?K?F??* W?O?+U?* U?b?) b?e? b?M?
?+ b?oS? d??
bIM+ kH WOUL Wd uB UEH; bo
UL UO( vK 5Q+ LF+ s WUOM+U WKzU
+ bM
+
WUu+ vUF w+ UKdA+ WKLF+ do 5Q+U WIKF* d_
U?& U?IF+ lO UM Zd UKd 5Q+ UKd WO+U*
n+ Vc+ W1dJ+ U wK( q WFHd* WLOI+ lK
+
W?O?+U?* _ w? d?
?L?
?+ U?Kd? U?d?O W1bI+ U WOMH+
l?u? d? h?B? UU
WO+U* _U dU*
5uI+ w tOK uBM d w+U UA qK b UU
hB
cUM+ WLE_
hM u_ q
.d U uN dA* s wU+ U+ U
t vK U*

WO+U+ UF_ b dI s u_ q

W1d' UJd bF
bBI W1d s bL
 UNQ rKF+ l UNKI u_ qu%
u_ pK+ dA* dO bB* tu9 UH
U?N?U?J? U?b?B u+ WOIOI( WFOD+ tu9 UH
l UN WIKF* uI( UNOJK UNKd UNO dB+ WOHOK
W1d s bL
 UNQ rKF+
W?M?
+ udO+U WOMu+ d WLEM* W1d' WUJ* b* 3_ WOlUH k
WuL dK vK u_ q
.d& oOD v+ d_ b+ X
WOKo_ rzd' b w WO+U+ rzd' v+ WOKo_ rzd' s
t?O?K VlUF Ud qJA uK qK dOD) W1d'U bBI dOD W1d qK
b WuIF uM l s qI uBl b* Wd( s Ud(U
WLEM WOd WUL w WKUA* rzd
U
H+ rzd
v?+ W?M?O?F? W?O?K?o rzd WLzUl UNUFdA b% w+ b+ X ULK
W?D??d?* r?zd?' s? W?K?U? W?u?L?? v bK WLzUI+ pK w b
q?
? .d?& o?D W+ qJ+ sJ1 tS tOK WLEM WOd UUL
q WMOF WOKo rzd vK u_
WdAdO uB WOKIF+ dR* b<U U& qI lOMB W
UNdN
UH_ U
M+ ULO U_U U&
WdA dO uB rNKI sdUN*U U&
WUF+ UM WKLF+ de nOe
WModI+ U UF
u* dzU dH* dzUc+ UNUuJ UNze WUM+ WK_ VdN
WdA dO uB UN U& UNFMo UN WKB+
UN dA* dO U& Wld
* UO
+ VdN UO
+ Wld
U?N? d?A?* d?O? U?& W?ld?
?* WuM+ u* VdN WuM+ u* Wld
UN UM+ c UN+ULFU bbN+ u* pK ULF
WdA dO uB UNb WOdJ+ bF* WOuU( rEM+ Ul

UOdJ+ u_ qu% p+ w U0

 U?N?E?H? U?N? UNb UNUO u_ U

K
s? b?L??
? U?N?Q? U?N?L?K?
? Xl rKF+ l UUL UNKb
W1d
rKF+ dBM vK WOu{u* WOFlu+ dE+ s b u
W1dK+ UMK uJO+ uKD* dG+ bBI+
U+ w WUJ* U Y+U+ U+ w wuLM+ uUI+ 5
U??+ w? U?u?IF+ fU) U+ w WoU) UNO WUld+ ld+
w+b+ UF+ U
+
U_ nD
UN dA*dO U& WOMO' WOu+uO+ u* Wld
U
H+ UF
UN dA*dO U& WOUI+ UO_ Wld
uD
+ odD UNOK O WoU WU u Wld
WO+UO qzUu VK
+
WO+ W
WU* rzd'
WM l{ bl UK W1d' lM b< WUJ* b* 3_ VJ k
o?K?F?? U?L?O? w?+b?+ U?F+ UB* u_ q
G+ U?O?u?/ UuUl
s tM _ U+ s v+_ U* w U 5 WUI*U W1d' B0
3_ W?O?lU?H? w u_ q
UF_ UO s U u_ q
G+ ndF
U? U?N?M? U* w WM
+ WOKIF+ dR* b< WUJ* b*
d?? WLEM* W1d' WUJ* b* 3_ WOlUH w u_ q
G+ UF s
b+ vK 5F t vK WOlUH XB U UNM U* w WM
+ WOMu+
U?* w u_ q
W1d' ndF s U d?O UN1d& UNO d_
w fu u_ q
WUJ* Ud wuLM+ wdF+ uUI+ s
WIUD UN b$
5????b?I??* 5??O?lU?H? w? u?_ q?
? W?1d?' W?u?J?* U?F?_ U?L?K
5uI+ w W1d' pK+ WuJ* UF_ l UC WIUD dKc+ wH 5uLM+
d?E? Q?A? s?d?+ W+ uUl w u_ q
QA bo w+ WOdF+
uUl tM w WM
+ rl u_ q
WUJ

u_ q
.d& QA b* WOdF+ U W+

u_ q
rzd WoU WOdF+ + w UFdA bo bl
b??L?K?+ U?M?O?O? w??O?lU?H? t?O?K? X?B? U vK UNouB w d
WM
+ WOMu+ d WLEM* W1dK+ udO+U WM
+ WOKIF+ dR*
u?_ q
rzd s UMK bM UF_ c s rKJM
Wb+ c s lU+ sU+ 5KBH+ w UNuI UNUK
V?
? W?d WOdF+ WIDM*U u_ q
Xd w+ UFdA+ s
Ubo aU
W?+ u?U?l t?M? dUM w WM
+ rl U% uUl
w WM
+ rl uUl u_ qO
UOKL WUJ QA XuJ+
W??U?J? u?U?l boS WOdF+ dB WuNL uUl tM U
lO ou* uU w WM
+ rl uUl u_ q

u?_ q?
ndF l p+cK WIUD tM U* l dI
u_ q
UOKL WUJ UE dA* v+_ u
* s WOU+ U* w u+
WUJ UE dA* WO+U+ u
* s WOU+ U* WuF
+ WOdF+ WJKL* w
\ \ U?N?d?I? w? nUF+U WoU) v+_ U* l dI u_ q

\
qUG+ _ bK+ dU uJ U U u_ q
W1d _ p+ w Wd
UOKL b d bF UN uFO+ UNM UN
K w+ W+b+ U u_ q
bd
UbB 5 UNMO bU bF WOdA* u UN
+ bl UN+UO WO+U dO WO+U
v?K? 5?u?I?+ h?M? p?+c?+ tO+ uou+ sJ1 YO dA* dO wKo_
q?b+ w u_ pK UNM bL
* W1d' u_ q
W1d vK WlUF*
l wM_ wMu+ 5uUI+ K w UNOK UlUF uJ dA U) w
dB* u_ q
WUJ uUl s U*
tJd rOK
u wMu+ u
* vK u_ q
.d&
V p+c+
UK d W+ s u_ pK UNM XOI w+ W1d' VJd rOK

u?K?D?* W?+b?+ rOK

+ W+U W+b+ 5+b+ 5 qFH+ .d& w UM
t?O?K? h?M? w?+b?+ d?F?+ t? d? w?*U? w?U? V?K?D u rOK
+ UNO+
b? .d+ UK U vK nlu rOK
+U 5d: rOK
bUF
W?O?Mu+ UFdA+ w u_ q
rzd uB ou V cJ
U l UI
 p+ uJ cI+ ULK+ wu{u ndF vK UH UM uJ
nUF s WO+b+ bUF* tOK hM

rl uUI ud sd+ W+b+ u_ q

WUJ dE uUl
dUM ou* bFI+ w WM
+
W?M?
?+ r?l u?Ul UM+ w u_ iOO WUJ uUl
qd
U% uUl b* WOdF+ U W+b+ u_ q
.d& uUl
W?M? d?U?M? o?u?* b?F?I?+ w? W?M?
?+ rl

r?l u?U?l X?u?J?+ W?+b+ u_ q

UOKL WUJ uUl
WM uU ou* W( w WM
+
r?l u?U?l W?O?d?F?+ d?B? WuNL' u_ q
WUJ uUl
WM uU ou* _ lO w WM
+
UB+ WM
+ rl dDl W+b+ u_ q
WUJ uUl
ou* w
w? U?B?+ u?
?+ W?u?N?L' u_ q
WUJ uUl
ou*
ud*U UB+ WuF
+ WOdF+ WJKL* w u_ q
WUJ UE
ou* w rl wJK*
r?l w?F?dA+ ud*U UB+ u
+ u_ q
WUJ uUl
ou* w WM
+
????+ w?? u? u?_ q?
? r?zd? 5?u?l l?O?L? k??
W??b? W?O?d?F?+ WIDM* w WOJd_ b* Uu+ w WO_
b???* U?u?+ s? q?K w? W?M? c?M? U?b?o b bB+
5?u?l U?N?b? p+ bF bo U U b* WJKL* WOJd_
u_ q
rzd' WOdF+ WIDM*

u_ q .d& w Wb( UU& wU Y*

UNOK WJUF*
wK ULO UU& c hK
wd qFH+ w W X r+ u+ v u_ q
vK WlUF*
dU dO dU odD u_ c tM WFUM+ wKo_
UNKJA w+ W1d' WuI s WKI
 WuIF u_ q
vK WlUF*
U?* l? q?
?G?+ q?? u_ tM XKB% c+ wKo_ qFH+
WM
+ wMd+ u_ q
WUJ dE uUl s
u?_ q?
? W?1d? W?1d' XJ c+ uMF* hA+ WlUF
q?L?F? UK UNUJ w rU wFO h qK p+cK tU
(
u? X?U?K W?H?o Q? t?U?
?( h??A?+ c b+ UNUJ Xl
U?* l rO
ULU bL UNUJ w rU UNJ
U?* W?M?
?+ w?M?d???+ u?_ q?
uUl s \
w?U? u?_ q?
.d& uUl s \ 5U* l dI
u?_ q?
? U?O?K?L? W?UJ uUl s U* WM
+
WM
+ wuJ+
U?Kd? u?M??+U?K W?O+U* U
R* s U r u_ q
k
WOU_ UNLN UKd UI bl q 5Q+ UKd WdB+ U
R UL
d W+uL dOE WOd WDA s WKB; u_ q
UNzUA s dG+
U?J?? w? U?Kd?A?+ c? 4?H W+u
G* u_ r s v+ 5
p+ w uUI+ U 5U; s bbF+ b
qO
GK+ bb qzU
l WM
+ uF
+ u_ q
WUJ UE s U* UC l
WOMu+ d WLEM* W1d' WUJ0 WoU) WM
+ udO+U WOlUH s U*

 WM
+ dB* u_ q
WUJ uUl k
hAK+ WOKFH+ s u
* wFOD+ hA+ VlUF tM
U?u?I?F?+U uUI+ cN+ WH+U<U VJd w+ UF_ s U
dA U hA+ WUu WJd W1d' XUK UN+ dI*
U??u? t?+? V??
? X?F?l b?l W?1d?' X?U?K UN tLK u
tHO
U0 Uu+ s sUC+U U hA+ W+U
0 hM+ vHK
X?F?l w??+ W1d' XUK UCuF WO+U UuI s t rJ
t?L?U? t? 5?KUF+ b s XJ bl uUI+ c UJ_ WH+U<U
t(UB+
W?1d??K?+ d?I?* W?uIF+U u_ q
W1d w dA+ vK WlUF*
v?K? V?lU?F? U?uIF+ uUl w WUF+ buIK+ U?I? t l WU+
d?B? U?* l n WuIF U W1d' w dA+
W?+b?+ s? r?zd? i?F?+ W
M+U U( u ULK WOzUM U w
d?F?+ p?? W?U?M? w? l dO dI U* l
U/ WOKo WOzUM WO+u
 X
O+ dB* hMK+ UI uMF* hA+ WO+u
L
W?O?+U? U?u?I? s? t? r?J?? U?0 U?u?+ s? s?U?C??+ qO vK WO+u
 w
UNJ t 5KUF+ 5OFOD+ U_ s W1d' VJd vK UCuF
b???* 3_ W?O?lU?H s \ U* h l ou c t(UB+ tLU
U??*U? U?M? t vK hM WM
+ WOMu+ d WLEM* W1d' WUJ*
W?O?zUM WU U_ WO+u
 uJ u dD+ W+bK+ WOuUI+
5?O?F?O??D?+ U?+ WOzUM' WO+u
*U WO+u
* c q W WOb
rzd' uJ sc+
W? W?U?F+ tUdE WOU_ tzU wzUM' uUI+ UMH+R UC l
U?b?F? U? w?F?U?' UJ+ dUI+ WFU WFD WUI
uM

l dB U* p+ w dA+ bbN+ uI+U

w? d?A?+ W?U?+ W1d' 5 Wu
+ u_ q
W1d' W
M+U
dB* u_ q
uUl s U* UIF+
?U? UIF+ s u_ q
rzd w UM' s U s qK UH
ql W1d'U WB< UDK
+ s u_ q
WUJ b
u?J? U?H?+ 5F W1d'U rKF+ bF qB S UN rKF+
U* l W1d' q u_ UM' wlU j{ Q s
q
uUl s U* dB* u_ q
WUJ uUl s
wuJ+ u_ q
uUl s U* wMd+ u_
w? 5?u??* U?M?' l?A WO+u
* s UH c w p
qO w UM' bF bM W+bFK+ Wb ld+ vK rzd' c
s b?O?F? b?b? r?J w VJd U U rzd' c _ rNO+ qou+
UDK
+ 5
s dB iM `M' w dA+ vK UI t qo_ q
u_ q
uUl s U* w UNOK uBM* u_ q
rzd uKF*
uM l v+ s s
+U UNOK VlUF UN_ UUM' qOl s w dB*
w?d?F?+ u?U?I?+ s? U?* h?M? c? U?U?M?' U?u?I? s? u
W1d w dA+ vK WlUF* vK WM
+ u_ q
WUJ* wuLM+
w?u?L?M+ uUI+ p+ vK hM p+cK WU+W1d' WuIF u_ q

W?1d?' ?B0 oKF ULO w+b+ UF+ UB* qO

GK+ b* 3+
wuJ+ u_ q
uUl s U* l tM U* w WM
+
WUJ UE s \ 5U* wMd+ u_ q
uUl s U*
WM
+ WuF
+ WOdF+ WJKL* w u_ q

WM
+ uF
+ u_ q
WUJ UE s U* UC l

u?? U WOFdA+ dOb+ p+ w U0 dOb+ s b+ U u

WDK wMu+ u
* vK WB< u_ q
rzd Ud% UN
p?+c?K t?M? U?H? r?N?O? tA* U_ vK iI+ qOQ
q?
? W?D?A? w? 5?L?U?
?* s? oI+ dG u_ j{ qOQ
U?O?ou??+ d?O?
?H? sL{ c W+_ lL dG u_
WU X% UN+ bB+ u_ q
W+Q
* w+U* qLF+ odH+ 5F_
(Financial Action Task Force (FATF WO+b+ Uu
+ pM
WOb WOzUM W+U
 W s 5uMF* 5OFOD+ U_ UH
WuA UOKL UIHo s tO s
U uUl W
s? U?* lUOKLF+ UIHB+ c t XMO u+ v
q?
? u?U?l s? \ U?* w??u?J?+ u?_ q?
? uUl
U* wU u_ q
uUl s U* wMd+ u_
dB* u_ q
uUl s
U?N?O? U?N? u?J; WuIF+ u_ q
W1d u uI b
r?J?( b?F? w?zU?C?I?+ U??? X?% rN* `d
b b* wC0
pK dI UO WuIF+ cOHM nl WuIF+U oDM+ ql WU
s U* wuJ+ u_ q
uUl s U* l W1d'
wMd+ u_ q
uUl
vBl_ b(U VlUF t vK wU u_ q
uUl s U* hM
U?J?U? W?B??< U?N?K+ WO u
bI s qK UJ+ + W1d'
d hA d{ bBI u q
W1d
p+cK WM
+ uF
+ u_ q
WUJ UE s U* UC
l
u_ q
WUJ* Ud wuLM+ wdF+ uUI+ s U*

wU qBH
uD u
_ q W1d q

uD u_ q W1d q
U?* Dirty Money c?I? U?* u? u?
_ q? ? W1d q

U?D?u? s?
U?d?O? uMU& WdA* u_ od s dOND d*
dOND uJ b3 UNO4 WLU * WdA* U&dA w4 qGKG 5OU*
WU< UUL' uJ b3 w WuA* U R* od s u
_ pK
UbB
UNIOI fL WOG p UNJU
UNO4 WLU
u
_ pK
u? ? w?4 U?U?L UN q
UF sJ1 v UNU< UNU & UJ

UB
WI
s
u dA*
W?O?Q* u
_ rzd' bzU vK cI U* `KDB
oKD
u?
_ c? X?U?& u? U
d UJ s
dU
dO dU
odD
w?? W?O?u?U?I? bM  qLA UL& WUI WuIM
WU
dO WU

UNOK o u UNO4 WLU * u

_ pK WOJK
X
q GK ?
uJ w cI u
_U d U& Vd3 X3 v
c WOKIF dR* b< w4 dA* dO U& s
bL * pK
u? d?<U?F?* U?M?*U? w4 W
bI* b w4 dJ q&UA* b qJA
q G U& wUU WOJd
_ b* Uu w4 U w4 p U&
b?< w?4 W?O?
d? U??? W??4U?J?
U?DK uN sL{ qb
WOKIF dR*

o?d? s?
v?I? * U* db a{ U tQ u
_ q iF d b3
dA
b4 s
tQ& b wJ dA* UB3 w4 dA
dO

b?* Uu s
q& w4 5uI UH U v p ld
b?b? dU w{U* dI s
UMOUL w4 uE U WOJd
_
w?4 W?L?jC Ue b< w4 dA* dO U& UD b w
U?& c? s?
bL * Wu G* u
_ XGK tM
bL * u
_
od s UuM UOK
WM b* 3_ dbI UF

w4dB* wU* UEM

d?O??& b?e? W?u G* u
_ rUF u
vK uKF* s
sJ
s
U& t WdA* dO b< U& s
bL * u
_ vK
uJ wUU w
d UA q G _ u
_ c r dbI VFB
tUO3 sJ1 cJ b) gG od s UH) w4 - UU

U
b) lK  s
dO& w4 d rEM* d UUL
UU

WO
d rNU& s
ud b< WdA* dO
dL
WU rNU& qE w& UNK V WKzU
U?& w?4 d??&_ U?D?I? w? X? ?O? b?< U?& b?$ ??L?4

nB q9 U/ qM* wOO4u  U% w4 rEM* d UUL

U?& e?? g?G? w?4 q??L?? d? n?B?M? W?O?
d? UNDA
uN U4b u
WK_ U& W3d * UO 
u? W?u? ?G?* u?
? _ 5?F?* U?& t U?C? u?K?F?* s?

w?? W?O?
d? U??? s
bL * nB q9 b< B

w?4 r?U?F? u?
vK W
U WHB rEM* d UUL UN4d%
uBI
X O d c UNOK uI w W Ozd WDA_ d)

U& qLA U/ WOKIF dR* b< w4 dA* dO U& vK

b??? ?
d bOKI UNCF d U
b lK w4 dA* dO
WbOKI WDA_ sL4
WOIOKj XU& WOFO b< w4 dA* dO U&
WdN* lzUC lK  W3d * UO  w4 U&
UNd e* WHe* LF w4 dA* dO U&
w M' U3d Ub G UH_ U M w4 U&
WK_ w4 dA* dO U&
Wb * WDA_ s

WdA UC_ w4 U&

d?R?* b?j?L?K? d?A?* d?O? U?& W4UJ* b* 3_ WO3UH UM

s?
b?L?? ?* u?
_ q? ? vK UNM
U* w4 uBM
WM WOKIF
dO U& W4UJ* WOdF WO3UH UNK&U vK b< b< w4 U&
W<U U?
U?J? X?MLC b3 WM  WOKIF dR* b<U dA*
UNUB
u
_ q G
W?M? W?O?M?u? d?? W?L?E?M?* W1d' W4UJ* b* 3_ WO3UH l
b<
u UH_ U M W<Uj UjU U& W3UF
lL3 lM* u&ud
tM
v dI4 v_ ULK UI u&c* WO3UH qLJ

r?3 b???* 3? W

UF WOFL' dI uU
w4 b<
U& dOc UNUuJ
UNze WUM WK_ lM< W4UJ
u&ud
W?1d' W4UJ* b* 3_ WO3UH qLJ
d u WdA
dO uB UNO4
w?4 r?3 b???* 3? W
UF WOFL' dI bLF* WOMu d WLEM*
tM
v dI4 v_ ULK UI p WM dL4u

 dUN* WULF w4 U&

W{dIM* UM UUM UuO( w4 U&
WuM u* WULOJ WOuuO WK_ w4 U&
W3d * WOMb Wd_ WOMH UuK UL_ w4 U&
Wd  U
uKF* s
UdO WOUMB d_ w4 U&
WMOL UF* w4 dA* dO U&
UB3 bO* w4 dOJ gG u<
WDMGL* WOJO ULz U3UD de
WMR* W
U  UUHM s4
uJ dO4 u
rEM* d UUL UNM
bL UFOL c
u
_ q G U

WLEM* W1d' W4UJ* b* 3_ WO3UH l

b* 3 W
UF WOFL' s b<
sdUN* VdN W4UJ
u&ud WM r3 UdI WOMu d
v?_ ULK U?I?? u?&c?* W?O3UH qLJ
u u' d d od s
tM
v dI4
dzU XK< b3 rUF w4 ULz U3UD de e&d
d& !u& !u bF
bLF U UOK
Ude V U3UD pK bB* UN'
v?K? U?N
bj UbOKI U3UD c WUM< w4 rEM* d UUL
r?E? v? U?H?M? o?d s UNOK uKB w UNU<_ WOBjA U
uKF*
lOe&d
w4 5K
UF 5Hu* s
rNzL s
Ud uM w4 U
uKF*
U3UD c bj p UMH dU* rUD*U& rUF w4 WHK<
bO* c w4 qLF w rEM* d UUL' dO4 VUJ
oI

WOb WOzUM' WUO  w4 Yb( wb U& WO

UM b d
q?L?A YO U?O?u?{u?
u?
_ q? ? W1d ndF uJ d<UF*
U
b) lK  w4 WLEM* W1dK WO
d U s
bL * u
_
q?L?A? U?L?& W?b??? * WbOKI UNDA UNUJ vA WdA* dO
W?d?A?* d?O? u?L?F? U??? ud s
bL * u
_
V?U? s?
W?
U?F UdA* s
`d U H uHM G
bL * u
_ XU& t_ p WO
UM b w4 WU  5u *
b? b? d??& W?K?JA
q9 W
U WHB WLEM* W1d' b< s

W
UF u
_ ud U H S4 d<UF* UM*U w4 W
bI*
dJ q&UA* b d_ w q9 W
UF UdA* s
`d
U?N?M?
bL * u
_ Uuu
UuHu
d?N w? WO
UM b w4
U?d?A?
w?4 U?N?d?L UN4UB
w4 UNuu W
bI* b v
U?M?O?O?4 w?4 bIFM* 5
d: WK
UF
W1d' lM* dUF b* 3_ d9R
U&
WbF W1d' QA UMOO4 tuM U b< b3 qd
b* 3 W
UF WOFL' tbL sdAF U( dI Ub% WNu

U H W4UJ* bA
dOb UjU UN
e sKF b tM
dIH w4 U
W?U??? ?
U?F?* w?4 ud U H W4UJ* b* 3_ v bM
W?OLOK3 UO3UH 5O
uLF 5Hu* uK buI WOb Wb*WOb
l{ v WU
WU UM vK bA WOb WOLOK3 q4U; WKB
W4UJ* b* 3_ WO3UH s ?I
uJ U H W4UJ* wuU3 w p<
q
UJ
dA
b* 3_U bu pc cOHM WOMu d WLEM* W1d'
U H WU; WO WO3UH
o?K?F?? U?L?O?4 VU_ 5O
uLF 5u * u WU
WO3UH U?C l
b?O?* w?4 W?O?L?M?? U?F?? W?L?E?M?
s?
b?L??F?* WOb WU U*U
q? ?G? W<U w UNM
U* l dL w4 fU UB3
ud U H W4UJ* b* 3_ W
UF WOFL' s b< b3 u
_
r3 dIU WOb WU
UF* w4

bL * pK vK cI u
_ dB3 bF uI* dO s
UNO4 WLzU3
pK qLA V U/ Ub rEM* d WdA* dO WDA_ s

UL WuI
uJ v UC wHOu U H rzd s
bL *
n?O?u?? b? c? q??
b?F w?U??U? W?
b?I??* b? w?4 b?
U?D? l b3 t U?<uB U?C? u?
_ q? ? qO3 s
UL
v? u? v UNId w4 w b WO
UM b w4 U H
v?K uB( Ud u< w4 WO3dA U s
u  UB3
W
UF UdA* s
`d
U WdA* dO uLF

u?
_ q? ? v? 5?
d?: V?U? s?
W?U?
W?U?( X< wUU
UNUB
UND{ rd
`CH u{dF v UNM
WKB;
W?O?
U?M? b? U?F?? s?J1 wu{u* lu* ndF cN
U? s?
u? ? U?B??3 v? u v UNId w4 w b
dL rKE s
u
_ q W4UJ
w4 W
bI* b l
WO3dA
u?d? s?
W?K?B; W K< u
_ Ub u3 w4 W
bI* b
v UN{d3 UF UN&uM w4 WO
UM b w4 U H rzd s
UNd{
w?? W
bI* b `B U?u?U?3 U?NO4 o( WU< UNM
W K< b
V ULMO O p dF UN WMz UNO4 nu dL UNQ
s?
b?3 v?K? X?U?& w?H?O?u? U H s
WKB; u
_ Wd& k
d?L? WOM_ b UB
w4 u  U v UNId b& W
U '
u UL& uF UNS4  v U U
v UNOK qO G UOKL d& UNO4
qO UOKL b% t p vMF
fO dA
od s
X & b3 XU&
lK  dA wMOF qO G od s UC p qB U/ u
_ pK WOK
UUO dO dbB U&d W
U3 W1dJ U_ W OHM UF* dLF*
dOGB UdA* qu9

l?K? s?
U?d?O? b?< u?
U?N?O?4 d?L?? w WO
UM b vK
u
_ c jC W
bI* b s
WKB; rEM* d U
b
U?C UF wCI WbF ?O? ? dF - U
US UNO UbOF
w?H?O?u? U? ?H? r?zd? o?d? s? W?O?
U?M? b? s
WKB; u
_
U?NO UNu s
b? U?U?B3 w4 UUL UN(UB
w4 UN
bj
U?N???U?< U?N? l?
W?OU* UNLE W
bI* b s
d?3 u< w4
UUB3 vK UK dR U2 UC sb U qL wUU
UNId b& w wHOu U H s
WKB; u
_ 5 w4 p
r?N WO4dB* WOU* UNLEM UNb UNO4 UL WOM_ b v
w?F?K? ? d?F?* U? w?U??U? U U UL WHUC
w4
UF_ dI
WKB; pK u
_ q WU
sLC V bIU
vK UM
w vK XU& W1d W s
WKB; pK rEM* d WDA s

W
U ' uD) s

u?M?? UN{d3 w u
_ s
5 U
U?C nA?& b3
d u WOJd
_ b* Uu v WOU uF XU& WO
UM bK WOJd
_
b pK w4 5u * WOBj UU UN&uM w4 u
UNM
U* hM U H W4UJ* WO WO3UH dA
b* 3_U UM
u pK UN WuJ* UF4_ w4 WIUD
w U H bzU q rzd vK
b?< w?4 d?A* dO U& W4UJ* b* 3_ WO3UH s
5U* w4
WLEM* W1d' W4UJ* b* 3_ WO3UH s
\ WM  WOKIF dR*
U
WIM* tGOB WO3UH dA
l WM  WOMu d

w4 Council of Europe w?_ f?K: lu pc WU

U s
bL * u
_ vK uBI
dO tKF4 u
_ q W4UJ

u< s
bL * u

U

tKF U/ U
b) lK  w4 WO
d
w? ud WO3UH p vK XB b3 d_ WO
d WDA_
g?O??H?? u?
_ q G W<U) dL4u w4 fK: Ub<
q? ? u?< l?O?L? q?L?A? W?4UJ* XKF UNUB
UND{ UNM
tOK V3UF* d u< lOL s
bL * u
_
w?4 b???* W?J?K?L?* U?N?M?O? s?
Z?NM c b s
b ZN b3
u?
_ q? ? W?3U? d?_ b? l?
UbIF w WOzUM UO3UH
w?4 d?A?* d?O? U?& s?
bL * pK W MU jI4 fO UNUB

u v s
WKB; pK W MU UC
sJ WOKIF dR* b<
w?_ f?K?: W?O?3UH s
dI4 v_ U* XB b3 rzd'
UNQ u
_ UNM
bL * W1d' ndF vK WM  u
_ q G
u?B?M?
u? U?2 W?1d? uJ sJ1 B
UNM rM W1d W
q W4UJ
v bN pc w WO3UH s
WU  U* w4 tOK
b?< rzd W<Uj WLO ' rzd' u< q& s
bL * u
_
WLj{ UU b w rzd' s
UdO WK_ w4 U&

u?
d?O?U? W?O?M?u? d? WLEM* W1d' W4UJ* b* 3_ WO3UH v UMF
vQ UJK2 UNQ U* w4 rzd' bzU dF UN b$
dF UN UL& U
d UJ s
dU
dO dU
qJA UNOK uB( r
`??B? s?J?1 b?zU? t?M?
v?Q? d tQ U* w4 wK<_ d'
u
q d WO3UH s
U* w4 u ndF V d u{u

u?
_ q? ? U? s? b???* W?J?K?L* w4 Xd W w4
uOK
WzU
UNCF w4 UNL U& b3 UN b b< dO s
WKB;
u? q? ?G?K? b?O?K?I?? u?K?_ U?N?K? ?G? W? MU bj b3
U XF3 rzd s
bL
UNLEF
b wU* UEMU WUF
u
_ q w4d
s
U<Uj

5
d: bj v W4U{U WJKL*
q?u??? UF*U& WMOL lK  bj w4 be ku UL& 5
U;U&
b 5 u
_ pK
U??< W?U? e? c?U? b?M? b??* WJKL* k

W?O?U?* U?N?3u? d?? r? V p UNO4 UNK G cI u

_
W4UJ* d_ b l
WOzUM UO3UH s
bbF bIF X
U3 pc
bL * u
_ q W4UJ0 W<U WOzUM WO3UH UNM
u
_ q
u?
_ q? ? W?3U?S? W<U WOzUM UO3UH l b<U U& s

U v p rzd' u v s
bL * UNUB

bL * u
_ qLA u
_ q W1d v UMK< bF
s?
b?L?? ?
d??F v
u
_ dOF d* rKF V W1d W s

r?J?( s?J?1 u
_ c XD{ q G W1d X U
v W1d'
UNUB0
u?
_ q?O? ? s? b* WJKL* w4 WOzUM U b XLO3 b3 t k
U?J b< WU UNM
w4 rJ u U Ub mK
W MU WUGK b
Ub s
bF c wMOd tOM uOK
\ UB0
b?jLK WOb W4UJ* WOOd ddI sJ qO G r s
bILK
(The U.S. 1996 International W?M? ? W?O?J?d?
_ b???* U?u?U
q?O? ? W?D?A?_ d?O??& U? q?? Narcotics Control Strategy Report)
u b vK WO
UM W
bI* b s
b w4 u
_

UC
UdO qLA W1d' s
dU
bL * w u
_ c q
d?U??
o?d?D UNM
WKB; pK w W1d' s
bL * u
_
WU
XU& u u
_ u< q& qLA u
_ dOF UL& dU
dO
WOUMB Ud WO_ WOMH WOJK* uI& WuMF
UO U&
bM * pc& WuLK
dO WuLK
WUI WuIM
XU& u

UN oKF
o u
_ pK pK9 X w uJB WOuUI
UM
b3 UL&
d?O? b?B* u
_ XHA& u
_ q W1d X
wK U
qOI c s
dF UBLK lCj UNS4 dA*
u
_ c UNM
bL * W1d' B

u? s?
u
v Xb?

Xu?
b?3 ?B* c XU& U?OU
c? S4 a WOU
W OH d UF
Vc& d
B* s
b UBLK lCj d_ u
_
XU& WdA
UB
s
X & u
Q B* XDK UU

b?I?*
W?L?OI UF U
b w4 UBLK WF{U u
_ c

o?K?F?? U?D?K? W?Q? ? p WDK< BLK

bOL UNOK kHU
b< w4 dA* dO U& W4UJ* b* 3_ WO3UH s
v_ U* l
UNOdI4 w4 nUFU W<U) WM  WOKIF dR*
U?NKu% u
_ qI vK X3R* dE( kH bOL dOF bBI
vK W3R
WHB UNOK e( UNOK bO l{ UNJd% UNO4 dB
W?O?3U?H? s?
v?_ U?* l WBj
WDK WLJ
s
U< d
U
W?M? ? W?O?K?I?F? dR* b< w4 dA*dO U& W4UJ* b* 3_
UNM
dIH w4

bL * UI * s
UdO d UC UBLK lCj UF

B*
UN Xb B* UNO Xu w u
_
c? V?O?B? b? w?4 ?B???* U?N? X?D?K?? w u
_
UI * d s
B*
WOM s dOG uI tK& p
s
u
_ q G W<U) WOdF b UFdA n3u
u U
sJ
qO G q
u
_ bb%
WOMu d WLEM* W1d' W4UJ* WOb WO3UH s
U* Y%
U* w4 u
_ q rzd uJ w UF4_ XMO] bF WM 
q? ?G? W?<U?) U?N?U?FdA w4 b vK d_ b Y%
sJ1 bzU UNM rM w WOK<_ rzd' s
WuL
d& u
_
b w4 d W q& b vK u
_ q rzd'
`B
WOK<_ rzd'
W?O?3U?H? s?
U?* w?4 u UNHdF V dOD W1d q&
U
d q1 uK q& dOD W1d dOF bBI t vK hM w
WuIF uM l s qI b
Wd( VK uUI tOK V3UF
b
oU  g
UN w4 u&c* WO4UI s
U* l
5IU  5A
UN w4 u&c* WO3UH s
U* l

 w WO3UH s
\ \ uLK UI4 W
d: UF4_
WO3UH s
ULK UI
WLEM
WO
d WUL w4 W&UA* rzd
WO3UH s
ULK UI U H rzd
uNA vK dOQU u
_ q rzd w4 WbF dO WK3d
t
UO3 UM uUI UH wHu
s
nu
wzUC3 nu
vK
WO3UH s
ULK UI p UNO4 t
UN0
W?O?K?< r?zd?? W?L?zU3 UNFdA w4 b% dD Wb XU&
b?& WLzUI pK w4 b UNOKF4 cI ULK b4d& WMOF

W?O?
d? U?U?L?? W?D??d* rzd' s
WK
U WuL
v
WLEM

XJ u UuU3 UN bF \ sbM w4 WMO* WOK<_ rzd'

rzd' pK XJ t vK UNU WbK WOzUCI Wu q
qFH U& pc& bF UNS4 dD WbK WOzUCI Wu U
b?F? U?N?O?4 V?J? w?? WbK wKb uUI w4 W1d bF WKB
U* c oD cHM w dD WbK wKb uUI w4 UC W1d
UNO4 VJ
bM s
dIH w4 u WLEM
WO
d UUL WDd* rzd'
W?D??d?
W?O?
d? U?F?4 q? ?G?K? q??L?& cI ULK b4d&
UNO wK U
W4U{ sJ1 q3 s
UUMO o rEM* dU
WM<dI e U UF4

Wb c s
l

U H UF4
UOdJ q G q
u
_ qu%
Uj_ nD
WO W
WU* rzd'
b???* 3_ V??J?
tF{ c wuLM ldA v UMF
u
_ q b{ q
UA Z
Ud sL{ W1d' lM
b< W4UJ*
ULO4 wb UF UB* u
_ q G wuLM uUI tuM
WM  W1d' B0 oKF
(Model Legislation on Laundering, Confiscation and International
Cooperation in Relation to the Proceeds of Crime,1999)

u
_ bB
WOK<_ W1d' d b3 wuLM uUI c b$
v W1d W UNQ dI4 tM
_ qBH s
U* w4 q G q

U?I?? ?B?
vK uB( s
UNJd
sJ?9 U?) w4 XJ u
U* c w4 u UNHdF
F) The Term Predicate Offence Means any Criminal Offence,
Even if Committed abroad, Enabling its Perpetrator to Obtain Proceeds
as Defined Herein

W1d' B
dOF UNuI W1d' B
dIH X4d
Wb dU
dO dU
odD bL
WUB3 We
U
wMF
5GO< 5 Uj sJ1 UNUO< w4
WuIF U vK W1d' c W
U bb% Wb Uj b3 W1d s
v_
WM WUM rzd' u U vK uUI w4 UN dI*
w?? r?zd?'U? W?L?zU3 u WO rzd' s
d& b s
WOU
UNMOF

s
uu
W qLA b3 dIH c w4 u WUB3 We*
W?u?L?K?
d?O? W?u?L?K?
W?UI WuIM
WU
dO WU
u
uu* pK w4 WFHM
o( W* uJB WOuUI bM 
A) The Term Proceeds, of Crime Means any Property or Economic Advantage Derived Directly or Indirectly. Variant (i): From a
Crime (The Country may Choose Whether to Determine the Seriousness on the Basis of the Penalty Imposed or According to Categories of
Offences
Variant (ii): From One or more of the Following Offences ... (List
of Offences to be Specified by the Country).
Such Advantage may Consist of any Property as Defined in
Subparagraph (b) of the Article.
(B) The Term Property Means Assets of Every Kind, Whether
Corporeal, or Incorporeal, Movable or Immovable, Tangible or Intangible, and Legal Documents, Instruments Evidencing Title to, or Interest
in, Such Assets.

W?<U) UNUFdA w4 XN WOdF b b$ bI U

vK UM
q G q
u
_ bb W MU 5N b u
_ q G
U?N?M?
b?L?? ? w?? r?zd'U b
WLzU3 lC r UN _ Z?NM
YO s
rzd' pK WMOF
W
U b% r q G q
B*
U?? b? U?2 W?1d?' u?J? V? sJ uM YO s
WuIF
qO GK
uJ sJ1
WM  wMd u
_ q W4UJ
dE uU3 qOI c s

u
_ tQ W1d'bzU nUFU W<U) tM
v_ U* X4d c
w
d UA s
UOze UOK& dU
dO dU
odD WKB*

UNOK V3UF
W1d qJA UA tQw
d UAM X4d
w4 sd uU3 V3UF d W W w4 sd W w4 u
w W
dG 5M l vK be b
s U v dI4 U*
W?1d? U?J w4 d d VJ s
q& UM uOK
U&
uUI s
ULK UI u
_ q rzd s

qI b
s  UNKF WOU dI4 U* w4 UIF b r
WOU U( w4 UM n WzU
s qI w W
dG 5M fL s
WLEM
WUB s
W1d' wU' VJ
W? R
s
uH tUDK  G
W1d' wU' VJ
h?j? q?& q?L?A nUFU W<U) v_ ULK U?I? W R*
t??M?N
jd sd W 5u3 tQ w4 d U wFO
w?4 uUIU o4d* b' w4 W{u* WDA_ s
Q tUL
tu0 UB `zuK
w
d UA s
qB* U* UN bBI W1d' wU' VJ
dA
bB
s
t
WM  wuJ u
_ q UOKL W4UJ
uU3 UC qOI c s

w? u?
_ q? UOKL vK tM
v_ U* hM
WuF  WOdF WJKL* w4 u
_ q W4UJ
UE pc& qOI c s

q?J?A? U?A? tQ U* w4 w
d UAM d?
c? WM 
U?L?_ U? qu9 p w4 U0 UEM dAK U?I?4 U?NOK U3UF
W1d
W1d U??J?d?
bF t vK tM
U* XB WOU ULEM* WOU
WO UF4_ s
U qF4 s
q& u
_ q
w?
d? U?A? s?
W?&U UNQ tLK l
B
u
_ WOKL d
w
UE dO dA
dO bB

 U?H? v? b?N? W?O?U?

dO WOU
UOKL s
WuL
WOKL
w?4 U?U?N? W?1d? b?zU? u
 dA* dO bB* tu9
dA
bB
s
WKB
bzU u
u<
n?O?u? W?O?KL w4 rU qF4 q& UOKLF c qO3 s
dF
W?1d? s? d?U?
dO dU
uB W&U bzU u
qu%
UbB
tu9 UH
W
dG uM l vK be b
f(U tM
U* V3UF
c? W?L?O?3 q?
U& vK be W1d' q
u
_ WLO3 nB s qI
w4 UNOK uBM* u
_ q rzd s
W1d VJd s
q& u
_
uUI s
U*
WLO3 s qI U0 W
dG WuI nUC UL& f( WuI nUC
W1d' X9 u
_ c WLO3 nF{ vK be W1d' q
u
_
t??H?O? W?D?K? ?G?? ?
w?U' UNJ WLEM
WuL
s

uUI s
uH
b?F w rzd'U WLzU3 UNFdA sL{ tO4 Wb lC w?U ZNM
.d?& uU3 qOI c s
q GK
UNM
b Ub B

U?N?O?I?K? U?NEH UN
bj UNU & B
u
qI
w
UE dO dA
dO bB
w
d UA s
W&U UNQ tLK l
UNKu%
UNOJK
UN&d UbB
B* u
_ WFO tu9 UH
dO bB
w
d UA s
W&U UNQ tLK l
UN dB WId UNUJ

w
UE dO dA

WOU ULEM* WOU UL_ U qu9

`?B?M? u?A* .bI id bU * UH odD d
uBM* UF4_ s
qF4 UJ w4 dA d  Ru qON 
U* c w4 UNOK

u?
_ q? ? W??4U?J?
u?U3 W?M? ? w?U?
u?
_ q?
WM  dB*

wU uUI

t?Q? u
_ q G UNHdF w4 u&c* uUI s
v_ U* hM
WIOI tu9 UH u
b qu% qI vK uDM qL q&
s?
b?M?? w4 UNOK uBM* rzd' b s
WKB* u
_ pK
uUI c s
U*
dU
dO dU
odD W&U u
W UNQ B* X4d
s
U* s
bM w4 UNOK uBM* rzd' s
W1d W UJ s

uUI c
UJd
bF t vK v_ UNdI4 w4 uUI c s
U* hM
W?O?U UF4_ s
w4 bU b?L? v s
q& u
_ q W1d
bM w4 UNOK uBM* rzd' s
W1d W s
WKB* u
 W MU
U* c s

d?O bB* tu9 UH bBI UNb UNKI B* qu%
UN dA*
W?I?d? U?N?UJ
UbB
B* WIOI tu9 UH
UNOJK
UN WIKF* uI( UN&d UNO4 dB
B* pK bj UO U &
W??4U?J?
u?U?3 W?M  wUMK u
_ iOO uU3 U?C l
u  u
_ q W4UJ
uU3 WM  dDI u
_ q
WM 

U?N?B
bF w rzd' WLzU3 vK hM4 U* s
bM U

u
_ uJ uUI c d_ wK UL& tB d q GK

WOU rzd' s
WKB* w
WOKIF dR* b<
U WM<dI nD)
WO uU3 UJ_ WHU<U lI w rzd'
dzUc WUM WK_ w4 dA* dO U&
UF U*U d{ ud rzd
UN qB U
WU
_ WUO UO rzd
w?? WOb UO3UH UNOK hM w WKB d rzd W
UNO4 U4d Wb uJ

dB* uUI UOU

q? ? U?? u?
_ q W4UJ
uU3 s
U* X4d
u
U & vK uDM uK q& u u
_ q wK U0 u
_
UNb UNb UNEH UN UNO4 dB UNUO
X?U?& U?N?LO3 w4 V UNKu% UNKI UUL UNUL{
uUI c s
U* w4 UNOK uBM* rzd' s
W1d s
WKB

tFO tu9 U* UH uK  c s
bBI U& v
pc rKF l

WuKO( tIOI dOOG tO4 o( VU< tU< tUJ

bB

W?1d?' V?J? s?
h?j? v? q?<u?? W?K?3d? p? U?A?&
U* UNM
qB*

bzUF W&UM u
_ UNQ B* WLK& U* X4d
u?B?M?* r?zd?' s?
W?1d UJ s
dU
dO dU
odD
u?&c?* u?U?I? s?
U?* h?M uUI c s
U* w4 UNOK
s
WKB* u
_ q dE t vK
U??N????K? b?< u?* d?u?' U?U??M? l?O?M?B? W? r?zd?
UNO4 U& UdbB
Uj_ U qIM qzU UD rzd
u?U?3 s?
U?* w?4 u? n?dFU U uJ w rzd'
UcOHM qzU s
UN{d 5 s
tKu9 UuIF
dOG UNFM< UNO4 U& UF3dH* dzUc WK_ dO rzd
hOd
s
Q dC* rzd'U U) _ u_ w4 UNOK uBM* rzd'
Wb s
Q dC* rzd'U U) wU U) WN s
Wb
U) ld ud rzd U) YU qb WN s

d?A? f?
U?) bG tOK bF UF U* rzd
d?A? U? ? e?* u?e? U?&u?J? ?* r?zd?? U)
UuIF uU3 s
wU UJ s
de rzd U)
UNUB u
_ W3d rzd
Ub uH rzd
U vK WF3u rzd'

dD) UUHM u*U WIKF* WOO rzd'U

dB
uJ w WOb UO3UH w4 UNO UA w WLEM* rzd'
UNO4 U4d

u?&c?* r?zd?' u
_ q W1d XF3 u tK& p
UNOK U3UF
uJ dA U) qb w4 u
_ UNM
WKB*
wM_ dB* 5uUI & w4

YU qBH
qG UD UL U
d{ WUB W1d! u$_

qG UD UL U
d{ WUB$ W1d' u*_
u?$_ q??G? UD UL U s Y$ w- rKJM
u$_ qG WOK U s U Y$ w- WUB W1d!

u*_ qG UD UL U _ Y*

WUB$ W1d'
v?K? h?M? e? X?U?! W?b?OKI UuIF 5u uKF* s$
uU! 5KU- UMK WMU WOKOLJ WuIF! W1d' B* UB*
q?O?? v?K? l? W?uC* UO WMU UB* r U!d
U?* W?M r wuJ e' uU s$ U* U*
WM dB* UuIF uU s$
ud s$ XKB u$ s$ rN1d U UH v ULz
UM' vF
WK Wd$ UO W$UF UdA* s$ `d
UNO- qLF UNQ s$ W1d' UJ w- XKLF
UNUB$ s$ ugK WOU s$ rNOK b UN_ W1d' UNOK XF UO
w?zU?C?I? j??C? U? b?N?? pc d WOU s$ UNM$ rNU$d
q$ UBLK U! UNUB* bON9 UND{ UO_ c v umuK
dJ$ U* `dK WMU dB$ U* udK WMU l
uLK WMU dB$ U* U$uL UBLK WMU dB$
U?& U?NULF r?O?E?M b< W-UJ$ uU s$ U* b<
WM r uUI s$ U* WM r wuJ UNO

U?N?O?- U?& U?N?ULF rOEM b< W-UJ$ QA dB*

WOM s dO uI wL% w U* l$ dI$
r?N?U?O? w?- r?N?F?$ X?D??{ s?c? r? U?M?' U?! t?K?! c?
s$ W1d' B$ XU! U$ UO u$ s$ W1d' B$
UUH bF UNS- UNu bM UNO- 5LU* dO UUH b UO u$
u?U?I? w?- U?( u UL! rEM iF w- UNO- o d qO s$
UM$b UL! wuJ
s?$ X?F WmU) UNuI UN WKI$ W1d d rE w- bF
q?O? s$ fO UM rKF d$ Q U?L?K WOKm_ W1d' w- 5u* dO
u?U s$ U?OU
d?J?$ U?* Q? U?MK o W1d' w- WLU*
v?M???? u?$_ qG WmU) UNO U oU wUD UuIF
WOKm_ W1d' w- WLU* U
W?mU?) u?U?I fH s$ UuI U??U? d?J?$ U* vM UL!
U dA* dO qm_ WOMOF UO_ lK uIM bgU
s$ u$_ qU X t_ p UC WOKm_ W1d' w- WLU*
I vK u$_ q vK VUF tS- WOKm_ W1d' w- 5LU*
U?B?0 r?J?? WOKm_ W1d' vK VUF U/ t1d U s$ bF t_
W$d vK 5uI iF hM b WOKOLJ WuIF! UNM$ bL* u$_
UC rN1d s$ uLU* Q c dA* dO `dK WU$
b?L* WDA_ w- 5LU* s$ u$_ qU X r U$
d qO vK u$_ q rNO u!u* s$ U! u$_ UNM$
u$_ q W1d WuI tOK oD tS- UNO- 5LU* dO s$ U!

W-UJ* b* 3_ WOUH s$ U* s$ dIH UM b

vK hM u$_ qG WmU) WM WOMu d WLEM* W1d'
U?u?I?F? u?U? w?K?b? u?UIK WOU_ U* XU! t
dIH w- WMO* rzd' vK hM u p wCI dD WbK
s?c Ug_ vK oDM u$_ q rzd U* c s$
WbOKI dEM dI UN wKm_ d' uJ
w?- W?O$ WFdA UJ oD w bK WMU t k
W?O$UE uB bu r u v tS- WuF WOdF WJKL*U! UOzUM'
W?O?K?m_ W?1d?' s? W?K?I???$ W?1d?! u$_ q W1d vK UIFK
W?O?K?m_ W?1d?' w- rU$ dO wU' U! u$_ c UNM$ bL*
b?U?I? v? b?M??? w?? W?O?d?A? W?d?eF rzd' s$ bF t1d Sd uN- d qLF tO qmu U$ q! vK hM w WOum_
wN- wUU UJ_ VOd w- WUD s uM WOBF* b

WuI W WOdA r!U; UB w- qb

UJ_ um w- UJ w- e s l
w?- d?A?* d?O? U?& W??-U?J?* b???* 3_ W?OUH s$ U* k
q?! d?B?$ U?NO XLC w UMOO- WOKIF dR* b<
q! UNO- d_ cg vK hM WM v XuJ b ULO- ZOK)
wKb UNuU U w- UNO- u UF-_ .d WOFdA dOb s$ eK U$
u$_ q UF- UNMO s$ bL UNUJ WU wW??-U?J?* b???* 3_ W?OUH v bF rCM r XU! XuJ k
W??-U?J?* W?O?d?F? W?O?UH v XLC UN WM b<U U&
WM s$ U p WM b<

 w?- r? w?J?K* ud* hM WuF WOdF WJKL* w-

U? u?N?- n?u?* e?? t? v?K? d?( d QA
dBI u tJK1 U* wdA bB* U s rdO 5Hu*U
w?- p?A? d?O?? U?2 tU VJ rNM dF r sc 5GU
u?H?M? ?G?? U?b?N? u?d? o?d?D U! u$_ c U!
W?K?J?A?* W?O WON WOmu vK UM u fK$ vK S- wHOu
U?B rUE* u s$ 5II$ UOz W$UF Wd* u fOz s$
s?$ e?F?U? t?O?K? r?J?? U?b?B$ w- uJA* u$_ pK nB
WO$uJ( tHO
e?' _ e?' q?O?? s$ UM eF UB* k
e' fJF WNA vK uI wzUM'
W1d um s$ um t l$ u$_ qG UL c q! U* sJ
UuIF uU w- UNOK uBM* WbOKI W1d' B$ UH
b rEF$ w- UdD dA w WLEM* WO$d UUL'
WOzUCI WI* s$ - WO$d UNOU UN WOd XU! WOd
WO$d UNDA s$ UNOM& w WKzUN UNU UN$bg od s
U?N?' w?zU?C?I? UN' UN' U- u w- UNUO oU
W?O?U?* U??R?* W?O??_ WOLOI WUB UUOJ wUO
u?$_ q??G? W?O??K?? U? s? rKJM c WO-dB$ dO WO-dB$
qBH c s$ wU Y* w- wK ULO- d{

d{ u*_ qG WOK U wU Y*

q??G WOK U s ULb 5KD$ w- Y* c w- rKJM
u$_ q d{ s wU u$_

u*_ qG WOK U _ VKD*

wK ULO- U c hgK
tb rEM* d w- UO( dL Y c 5u!_ u U*
U?U?L??- tdDO tuD d- tu d t_ d c u1
W?O?$d UNU& s$ U oOI% v U?L?z vF d c
vK Xu fH w- bU qLF WdA* dO U$b) lK wWdA$ UNQ! b YO U_ c um bB$ UH WODG
YO cI u$_ c q vK qLF d UF UdNE$ wWOzUM' WbF eN vBI dA$ od s$ bL$ UNQ! dNE
u$_ c WIOI UC U oOI% U wzUM j{ U s$
5u!_ lD wUU UNM$ UUL' c U$d UNUB* bON9

UO( dLU Ub1 c UNM

w- UNG s$ u$_ c UNM$ Wu?; Wb d u$_ q
U?N?U??m _ p? U?N?O?- W?U?D?? v?K? U?C?I? UUB UF
WOU* UNLE w- UNuu d w- UNuHu U UNuu
W?O?M?u u$ eM c w- UB* s UN QMO WO-dB*
U?U?L??K? W?O$d U s$ bL$ u$_ pK XU! u
U?d?A?* s?$ `?d U Ud s$ WLEM*
W?O?$U?M? b? w?- u?u???* U?N?O?K qB w uLF W$UF

WKB$ UNKB* UUL UNKG W$bI* b v UNuu

UUB
w?- U?N?O?- U?NHOu WHdA d( UdA* w- cI u$_ qGKG
lC UdA* pK l$ 5K$UF* b WI qKI UNO Wu;
Wb

v?K U??K? d?R? U?2 p? q?$ WUB UNUdA$ wU* UN$UE

UUB
n Vc dLF*
lK d od s wMOF u$_ q
U? h?I? ?N?? U? v?K? q?L?F? W?O?-d? lK
s$ be UB qK v R wUU U w- qU2 u/ b
U?d?O? W?b? 5? U eO* e dO U rgC
d_ b s$
W?D?A? s? W?&U? U?UU VzdC s$ qG q$ u$_ d
U? v? ub wUU Wb u$ hI v R WOH WUB
v? W?b QK b eF b d od s W$UF ub
q??1 U?2 W?HdA UdA* Um UNKL bb Vzd{ dWK$U! UNUHS uLFM WdA* dO ub Um ULMO rNOK U

t??? s?J?1 U! WU$ u* bb p w- WOU- w- uAOF

U v
d?b?* h?I? v? R? U?) v? q?G q$ u$_ d
v? R? b? U?2 U?L??? U??K?D??0 U?-u? b wUU WOMu
U?B?? v?K? WKOI U qJA U2 eF b U) s$ Wb
wMu

U?U?L? v? r?N?$ULC WdA* dO WDA_ w- UA U$b

dO! UDI qODF tO- qG q$ u$_ UNM$ bL* rEM* d
l??A? t? U?L?! d?A?* U?? w?- U?N? s?$ WdA uI s$
Z?N?M? f?H? u??N?M? v?K? W?d?A?* U?d?A?* w?- 5dgM*
s?$ U?dO VzdCK dF rNUFKD wH U$ vK uBK
dUE UB w- udg U_
Ue s$_ vK UH U v R u$_ q UOKL be
vK wUU p uJ W$bI* WOMI qzUu reON& d- b
WOLM jD qA- WUD r U v R U2 WOLM U
W?OM dQ WO$d WDA_ s$ bL* WOMu WKLF b
W?K?L?F WLO UHg tOK Vd UNKu% od s UNK qO wUNO Wu; LF pK vK VKD be WOMu
u?M?? s?$ r?N?U?b? Q- WdA* dO ub Um V
U?N? w?M?OF qG d b( d b?I UNKL( b?O?N9 WOMu
WOMu WKLF u U v R WOdJ qzUuU UNKu%
UNLO UHg wUU dO! UNL U!
w  w- t b w uM v R b u$_ q
u?$ q?? U?O?K?L? w?- U?N?u? X?? WOU* UR* VUF
U?$ b? v p R wUU WOJd$_ b* UuU!
u?M?? ? - W?O?U?* WUu r UHg WOU* rEM wl UD vK

q?? dU UNO- vAH w b w- W1d' bF$ r U

bL* WO$d WDA_ UNO- XF w b w- pc! u$_
UNuQ rEM* d WDA s$ WKB$ XU! u u$_ c UNM$
w?U??U? a `d udU! d WDA s$
lL: w- dI s$_ We
U?R* wHu$ s$ uHM wHOF{ d s$ be u$_ q
qO w- u$ s$ rNOK dF U$ V WO-dB* dO WO-dB* WOU*
p
f dU< eN l$ UF vK bU b u$_ q
We* Wum U!d fOQ w- cI u$_ bg od s
t?O?H?g? U$ WIOI vK tuLK p dUE w- WdA$ U& UL
tuLK UI dOb f& wUO UA s$ U!dA c
WLEM* UUL' UN uI w WdA* dO WDA_ UH
UOUDd b* Uu w- Xd w UIOI s$ X b
u$ q UOKL w- Uu$ U! wb U UL pM
U!U w- b< u$ q w- b* UuU buK- wW?O?*U?F? f???? U?! l?$ q?$UF U! t UL! WOMO UJd$
U .bI w- CIA WOJd$_ We!d* dU< WU! WmUg
 iF w- 5u* s$ bF
U?U?L? W?OU UUL' 5 WIO W UM d?O X
u??$_ s?$ W?O?U? U?U?L?' q?u?9 W?O?U? s?$ r?E?M?* d?
WuG*

c?I U* vK uI WUB bUI `B s$ bbA u)

d?A?* U?B?? UdA$ wUM$ v w- GKG$ `m c
W??O?? rEM* d UUL UN^g?C w?? W?K?zUD u$_ V
d?O? U?$b?) l?K w- WO$d UNU& s$ WOUO) UNU
u? W?H?K< b 5 W!d( Wd UN Xm w WdA*
U?O?( j? v? l?H?d v UNO- u$_ pK UL WADF$
bF ULO- pc dF u

u*_ q d{ wU VKD*

s$ UdO uM WdA* u_ od s r u$_ q
iF 5 dOD Wu U bu UO_ iF w- 5OU* UDu
U?U?L?' W?O?-d?B?* d?O? W?O?-d?B?* U?N?U??R$ WOU* rEM
WuA* UR* UR* c vK oKD l-UM* U WO$d
UNJU$ v UNO- WLU$ WO$d UUL' uJ b
cN b*
] WO$d WDA_ UJ d{U( UdB w- be b
d?O? U?& v?K? W?b?O?K?I?? U?u?m w- uBI$ XU! bF- u$_
U?H?_ U??M?U? U?& w?- W??K_ w- b< w- dA*
W?d??* U?O w- U& Ub UH wM' G
w- WO$d U Xm WHK< gG u WHe* uIM
w?- W?d?A?? U?C?_ w?- U& qLA WdA* dO U$b) lK
wOO-u U% pJH bF UC

WuM WULOJ WOuuO WK_

W?U?L?F? w?- W?O?M?H? UL_ U n w- U& pc! oU
U?L??z U?U?D? de WuM UUHM s- U$bg UOI dUN*
5KH w- WmUg WOM' WUO dN WDMGL* WOJO

s? UNKOG u w- UN u-b* cI u$_ r wUU

l?U?B?* U?M?H U!dA UAS dA* u w- UNKGKG od
UUL' WUB uI rb qGKG c w- p UNO- WLU*
rEM* d
U?N?O?- U?N?u?$ n?u? U?!dA pK wAM WO$d UUL'
WdA* WO$b) WOUMB WU UdA* WK!U vK Udb
u_ w- UA lu uLM uD rEM w- UNUU& fH l
d? UNKLJ UNKU9 d UdA$ l$ UF U?C Z$bM WOb
W$bI* b w- UB d um be pc b(
U?N?U?& U?J? q?O?? w?- W?O?$d? U?U?L?' l??? p? l$
W?I??* s?$ ?-? W?O?$d? VOU U$b) lK w- WO$d
v QK WOzUCI
j??C? U? 5?u?I? U?H U ud UN' U-

wzUM'
b p cF WU w- UCI U ud wzUCI UN' U- UOU

W?O?U?D? U?O?-U?* U q p U$ U?U?O? W?O?H?B v QK

s?$ r?N lCgO d( U_ uKI b wuJU- w{UI
U?? c????? U? q?! v?K? r?N??I??$ b? t?M?$ b?d?
d?O? ?L?! n?M?F? u?I? v? u??K WLEM* UUL'
r?N?H?A?! v?K? bU nMF uI ULF _ ud c
E w- qLF ULz bd r rNOK uUI oOD wUU
W?OUg L( qu9 v QK b wUO UN' U- UU

b r?N? 5?L? u???m u$ U$ v 5OUO iF

W?O?U?O? e?!d?$ v? r?N??H? rEM* d U iF qB
s?$ `??B? b? U?LM Wb WUz W$uJ( WUzd! Wu$d$
UUO rNF$ 5FU{ Wb w- VmUM* c u
U* qGKG bF uO wQ b t_ WbK UB UOJ U- UF

WUB bUI `B v WbK dA* UB w-cI

U* c vK uI UNOo?d? s? U- VOU UgU wIK) wLOI UOJ U- U$U

WdA* UdA* U ud
lK w- WO$d U Ub w WLgC u$_ b$ cJ
vK WO$d UUL' 5F w w WdA* dO U$b)
b?( d?? U?U?A?? U?N?O?- l?u?? W?d?A?* d?O? UNDA be
U?N??D?A? w?- UdL WDA_ pK s$ bb u b
WO$d
s?$ l?u? U?N?K? UB$ bF wUU dA* u w- qb
WdA* dO UNDA vK u9 wJ WdA* UNDA U$
UN Wb b% v R b WDK UNJ U2 WUB UNu r
uUI UO

uOK$ \ UNLO b< U& s$ bU$ w$uuJ fOzd wIK

sLD pc WUzd VBM$ v umuK U WOUg tKL quL
WuN rN wLd qI UOzUM rNI$ b v WLEM* UUL' U
WU$ rNU qu%

UOKL w- t$bg c w-dB* dO w-dB* wU* UEM U-

v WOU* UR*U WI b v R U2 ud od s qG
`zuK 5uIU WI b
bF$ w WdA* W-UM* sL UN WUB Wd( dO$b
UdA$ U?$b?g? cI UNu$ bg qO w- sL qL
UNdA iHgM$ q dU W!d um w- q9 u v
dA* U lL: w- ubU UN `L c U$ t
q? v? b? q?B? r? t wb lL: d p q s$
U?0 UN UNUB$ UNDC u$_ c s$ UUL' c U$d sLC
W? w?u?M? v?K? U?N?u?D? U?N??D?A? s$ b UNuD r?

WU0 t_ WUB WOUO WOU* WO WOUL WOzUCI
l?u?? W?O?$d? UNDA be uJ u- UN WMU UO( dO!
U?2 W?O?U?* U?N?bI$ WUB UNu be UNU be wUU UNOb?F? W?O?U* Wb UR$ W$ s$ UM WLO ZzU tOK Vd
WdA* UNu$ YuK UNO- cI U* qGKG V UNO- WI
qb w- u$_ q WO UMMO U$ WKU* ozUI( s$ UL!
W?U?B?? W?D?A?_ U?N?M?$ d% b UOK$ UM U) wW$ t UB UOIOI bbN

qJA c d$_ UNO- UULU WdA*

d?I?? b? t?O?K? Vd U2 qG V UNu$ eM W? q?J WOU*
w*UF u
Wc* uN' s$ UM t_ wMu UB u/ uF u$_ q
t_ u_ 5 d( W-UM* oOI

Ud r w UOKLF _ u_ w- UdD{ b

WKzU uIM vK VKD U UNOK Vd u$_ q dG

s$ be c dI$ dO bzUH dF qF U2 UOKLF cN WOK
b w- rgC U tOK Vd U2 WdA* dO W-UM* WDA
rNUUO rNU& UIHm bIF u$d: UNO- uI w
u?_ d?I? b tOK Vd U2 U* u w- WI s$ UM U?OU

w?- rEM* d U l$ tK$UF V pM UON dL- WOU*

qB w Wb pK wU* UEM UON tOK Vd q UOKL
UNK! WIDM* w- p dR b WI bIH p UNOb w$d UA qJ rEM* d wFO b$ u$_ q
WI* b{ tMO$Q tK v WU( bu dA$ dO ` q! _ U

U?A?M? d?L??U? q??I???* w?- `?d vK uB( UL{ UB*

d s ULb pHM U$$ ULN- tO- lu w$d

ld qBH
tUOKL u _ q WOHO

tUOKL u_ q WOHO

s? _ Y??* 5 w qBH! c Uu{u w rKJM
u _ q UOKL s wU! Y* U* q WOHO

U* q WOHO _ Y*
ud WOzUM' WdAK! WO!b! WLEM* ndF! UF u _ q
W?F?O?? t?u?9 U?H? v?! b?N? t?O? d qL q qLA ICPO
s? b?L??? U?NQ b w dA dO od s bL* B*
dA bB
d?O? U?_ t?u?9 u? u? _ q?? s? b?N?!U p! vK
U?N? U?I?? U?N?U?F?? U?N?O?K 5 d: o WdA*
u? U U? t?I?O?I???! w?C??I? b?N?! c rNDA UB UUU
qd d* WOMO XU WbI B*
W1d' U* 5 lL dU UB 5 U! qBH! v_ WKd*
tbS p! UB c vK b WMd^ qO! fL UNM bL*
t?K?I?M? W?ze?! od s UB^ UEM! w w!U* UEM! w bI
U) v! tdN
s UOKL bF UOMO U UbI U* c UOI! WOU WKd*
U?H? vK qLF! tUB s t QMK! tFU 5 tMO W!uKO( UNQ
u?M? b? w? U?U? b 5 tKIM p! uJ b^ dA* dO tKf
Electronic Fund Transfer UhK! UOdJ! tKu WOM

vK t UH! WOU 5 d: d X% U* c qF WU WKd*

bF* s U c UJ tU WId Xf bF dA t
UNOBI

U& b< lu 5 qBH! u b! c w rN* dNE*

5?d?h?M* 5LzUI! k UNM WKB?;
u _ 5 ? UNO

U?N?F?O? sdO_ R UO^ r U! vK UNFu b< wIK w

q w uLN rNOB vK jI uKB 5UF* UDuK!
u?F?L?? s?c?! U?h?_ p?!c? U?N?F?O? d s b< U
UC rN! uJ WO d WUL' UL U( lO! U uKB
]
qG u uI s WO!U S p! s C lu!U U dU WKf
r?N??^? W?U?L?' p?K?? d?U?? W?H?B 5K UF! s uO! u _
WOKL UNOK oH WMOF W dOE qG!U UOIK! Wb^UF W^ WUL'U
s? wu* dG! fH UN! rEM* d WUL' WM!U u _ q
WOM' bF WdA* UdAK! WM!U WO!b! quL! UOKL
b??< s?? W??K?B?; u? _ q?? W?O?H?O?J?! U??u?/ c?h??M?!
qd d q^ WO u!uJ! UJ! b w t 5UuJ!
U?N?O?K? u?I? q?UJ! w WO!U* UL_ v! dOA V b! c
r uBBh
uU;

b?h?? u? _ q?? W??U?J lM* w!b! d9R* UL WuL l

uOu s dH! w dOO uJ bIFM* W1d' B
UbF U

dOJ! `BM! bI u Comisionista UL! w!U* UA* UOU

UL vK fR* u _ bh dD! q s qUJ!

a! u _ pK pd%
u??O????L?J?! U? v?K? ?L?F?! b??? t? u?M?* h?h?A?! U??!U?

t_ u _ q WOKLF! WM!U rN Cambista

qOG! WOKL rEM
WdA* UL! W ! b! du
qUJK! d_ UOKLFK! W ! WOK; LF! du
Money Launderer u _ q t uM* hhA! UF

W??U??L??' r?O? l? d?U?? r?N?!U?B? U??F?O?L? R? k??

v?K? u?B?( b?F? b< u q 5 WO d
uI Andean Region sb WIDM w 5M* s uF UuJ! U
v?! b?<U? l?b? r? 5?U?u?J?! u v! tKu% tOIM qUJ!
U?? Y?O? b??* Uu!U WMOF WIDM v! b< qIM lu!
w? W?K? U?F?! qUJ! WOK v!u pKN* v! UD* WUN w b<
U* WOK) bM rK lOK! WbIM! fU( lL lu! l^u*
WEK! c cM b* Uu! w Cambista U UJ! q2 v!
dU qUJ! d d X% B* uJ
(The Money

u? _ q WLEM v! u _ Cambista! u
U?h? s? u? _ q?? W?L?EM XN Laundering Organization)
bF r UO u!u w Cambista! q2 v! UF UNS u _ UO !
(The Cartel Boss) WO d WUL' fOz U vK n^u c p!

WOM UN v! u _ US The Comisionista w!U* UA* tu

W?O?K?; W?K?L?F?! v?! U?N?K?u?% U?O?? u?!u? v?! W?OU UNU UUL
U?I?H? l? w? U?N? b?h? dU uJ p! bF u _ Pesos
qUJ! Udb w! UdA* UL w UN bh qUJ! UOKL
U& 5 WO!U! U^F! hKh sJ1 W bI* _ s
U? w?{U?* dI! s UMOUL! Wb wH u _ q b<U
u?I? U? q?U?J?! l b^UF hhA U qLF u Cambista!
c?M? s?J?! u? _ q?? W?O?K?L?F? uI U qUJK! WO!U* U b)U
UB s bF r! u _ q WOKL XKBH UOMOUL! nBM
s? u? _ q??G? u? u?I? s? l? b?^U?F? `f tMJ! Cambista?!
WOKLF! cN UOIK! 5OJd _ 5O u!uJ!
s? W?M dOJ! u _ q UOKL iF dH b^
WDA UJ! s q 5 I s WuK W UM
j?I? r?I? r?! u _ qG X U^ w! WLEM* 5 u _ q
X U^ U/ Medellin Cartel q?U 5!b* b< B qG
U?U?L? s? b?b?F!Cali Cartel q?U? w?!U? s? q?J! p!c U?C?

WOJd _ b* Uu! w rEM* d

UOKL w ULEM* iF hBh u U& be v! dOA c
U?& c? rEM* d UUL s b d W b) u _ q
W??U?; W?U???! U?L?_ w? 5?B?B?h?? U?h u wCI
uUI! quL!
b U U W nB q9 b<U U& Ub w! U k
WFL d_ rEM* d WDA

w? h?B?h??!U? U?! sUO iF U?C? h?B?h! qLA b^

w? h?B?h??! W1dJ! U_ du: Vc!U WOHM! UF*
uIM! W!U WdB! dO dbB!
e?d? w? pOJ* XU w{U* dI! s UMOUL! nBM cM
u?M??! v?! U?N?K?u?% U?F? r? b???* U?u?! s WO u _ q
iF hBh bF sJ! uLu! UOU* du w WO_
v v! UNId tDA u _ q o u _ q w ULEM*
U?N?!u? q? eOd v! WU w WO d ULEM* bF r! r!UF! UI
w 5F UJ0 b dO cI! UN!U u Xf WMOF WIDM w
5b v! ufuK! UJ w UN!u qG wN w!U!U r!UF!
UM ! iF w uu uJ b^ w! W UB! WU^d! UH _
u _ q WUJ0 WfU) UNzu! UNMOu^ vK
U?L??? q?C? v?K? q??G?! d?OE W qC vK uB( wU!
u !
dOb! s ch b^ r!UF! u WO!U* UR* s bbF! UMN
b?$ p?!c?! tUJ u _ q dfU; eK U WOFdA! WOU^d!
c UNO uJ w! b! v! rN!u q w uN 5 d:
UB^ W*u Wfd u d: qG b^ WHOF{ uu dO dOb!
bI p!c d v! W! s u _ qu% lK! qI Wd Wd
w! WO!U* UOKLF! w WID* UB UOu!uMJ U uKF* qI rE
d?? W?d?? r?!U?F?! w? U?J? v?! u?I?M! qu% sJL* s XKF
sJ1 cJ cI! u _ q `!UB! u bh p! q uLMU

uO! w WU sdA l b vK r!UF! 5 u _ c b

Y! WFU VM! p! bb d WF! u_ U b vK
WUJ b wzUM' Y! eN 5uI! UH UN VU s
u _ q
l?b! WLE bh u _ wKUG! U* s `f w!U!U
U) qb! w d v! U s wdJ! qu! WOdJ!
5KUG! uM! wHu 5 Ru!U p! uJ b^ rNUOKL cOHM w
WuIF!U Ud rUU R V^UF u _ q 5u^ UM b^
u _ q W1d' dI*

rUF w/ u_ q u1 UOKL wU Y*

WOdF b w/
w/dB* wU* UEM v uK v_ uB
w?d?B?* U?N?' v?! Q??K? u?!e? c?I! u _ uKU U
w b W?OL UI! UL X% tO UNb rN!u qu!

w??! W?O?!U?* UR* eK vK dB* u _ q uU^ s U* hM

e?d?* p?M??!U? u _ q WUJ b bu! UDS U?H? U?UMO o
l?{ U?N?O?K u q sLC UN w tA w! WO!U* UOKLF! s dB*
LFK! WOuUI! U{_ WuN! vK dF! UUO vK uB(U WKOHJ! rEM!
s? p?! W?U?? Uh_ 5OFOD! Uh_ s 5OIOI( sbOH*
u dF! c UUO qO W!uI WOd WOL U qzU
Wuf ULU W!uN lz u u^ lz j UU ` UN!
wMd! u _ q uU^ UC l WOL

UNHOu p! bF UUL U UB* s ! WOL^ UU

WdA UB s UI XU u! UL b! WHd UdA w
b?^ w?dB* UN' od s b qu! vK XUN!
o?zU?u?! U?U??( s? W?d! ld! dOb b! Uh d?E q^
WIHB! c u qf wBI! p! WuA WOKLF! XU WOdB*
W?1d?? o?K?F?? d? _ U? U?D?K??K?! U?N?M? mOK! w!U!U WOKLF!
bU^ u! p!c u _ q UOKL d& w! ! w UfuB

U?) w?!U?* q?L?F?! o?dH! 5F_ UOfu! sL{ pKOL d

WM G7 U??J! l! UL s oM* u _ q WKJA0
U? W?O?zU?M?' W?Ob* 5OUM! s uM! wHu W!U lM fU

WbIM! Ub! b b! dH! WuA* UOKLF! s uGK

w?KU U?H? U?d? UL Wu* u _ bB wB?I bF V?
U QK uf u _

wM_ bIM! U vK UC dB* u _ q uU^ s U* hM

UB r vK uUIK! UI
sdU* lOL' uHJ UNM td ! v!
UN!UF U wJd n! sdA U ub! bM bI s
WOBh s oI!U uM! e! vK ULM! w uM! uU^ hM
U?N??LO^ U& WO!U* WOKLF! XU pM! b! sUF* dO UNzL
d UNM mOK! tOKF WuA WOKLF! pM! bI wJd
UO!UD w UNLO^ WOKLF! bM h qOLF! WOBh s oI!
v?K? b???* U?u?! w? W?O?!U?D? d?O?! \\ v?K
W?M??! u? _ d?b? U WUJ uU^ bf UOU* w \
s? o?I???! u?M! vK V UCI0 Anti-recycling Law
dQ U \ uu sc! LF! Wu

 uM! w b qu! dO d uf d v!
e? u? _ q?? v?K? V?^U?F? b? u?u?* uM! UI v!
UN WIKF* ozUu! WOdB* Ub LF! UU Wd pL
U?I?? W?d? W?O?d??J?! q?u?! qzU d p! qN U2
U?K! b! 5 b( ` Uh_ UI Wd u _
! rEF w bIM! s WU^d! l WUO!
b?! s? d?O?? U?N?O? u? _ q?G Vd qI w! ! s
b! c `M9 Black Hole u_ VI! UNOK uIKD w! WOId_
Wd! VzdC! s UHU UNO! wM_ U* c Ue UC

Ud! wUJ! Vb! b s C UL_ vK WU^d! b WOdB*

UNO WdA!
u _ vK uBK! sbU uKLF W U uM! U k
`?{u?! s? U? p!c! u _ dD! fO! UNO lzu! r U
q?zU? u?O?I! UNO bF w! c UM U v uM! dUIK! U?I

u _ q UOKL iF w u b^ W eK* uM! UNMO s WU^d!

UNOHu vK V pM! w W UF! WUO!U oKF ULOKF UNb!
W?EU; uM! b! UL UNId s u _ q UO UN e!
uLNH uu UNOHu q s bQK! WOb Z d WuA* dO
WOb! Z d! c VFK W UF! WUO! c uF uFU
u? _ w?K?U? s? 5? d??LK! 5Hu* R WNu W!UH w U?uO

rNb s c( WDO( VU Uh
(Anunzio wylie

r?U? d?F? u?U?^ WOJd _ b* Uu! w

uMK! b WuI uU^ UC

tOK oKD UL anti money laundering law)
UEM! w q UF! dz s dh t_ p! Death penalty for banks law
tB V p! rK s u _ q w b pM q w!U*
u _ q b{ WUOK! UUN UH!Uh UM w p
W?d? U? U?N uUI! c UNOK h w! dOb! s rd! vK
ULK u _ q vK d_ 5Hu* iF l LF! iF UNO d P
uHM! UF! t! qO WUGK! dO uJ U( c w qUI* Q
d UJ U d c WK s W UI* rNMJ1 YO WHOFC!
v WM cM pM wO Ud! r^ fOz uM d
U?? w? u? _ q?? s? t?? w WOJd _ b* Uu!U
wzUM' uUI! duD f WO!b! WOFL' d9R w UI! c! uM!
pK! dAF! bOF! WUM* fDuO!u bM! w bI c!
d?U?? d?9R?L?K?! u?C? q??^ U?N? mK XKB WF^ vJ WOFL'
w? h?hK WOdF! b! b w pM wO d b w
X^ Vc! u! U: dH!U tJ w U!U

dH! db U ULMO t
r?N?O?K? d?! s? W?L tOK q dU bu q^ bG!
r?N?Q? 5?K?zU?^ U ` tO! uK WIO f uK d! dUE
b?F? d? W?U?& U?L?Q u uI dbB dO Ud uJK1
n tQ e sJ! Q dH! db Yb( s ozU^ dA w!u
Know your customer pKOL d U rNFCh p!c U

q d Yb s oU n^u UM OK ?zU^ WuL: fOz

i?F? q?? bd UM d i WIU! ozU^b! dA w p! Ud U
b?d? u?O?K? \\ b? s? r?KJ wM u _

U?u?F?f w? p?D?u bd UM UO UM! UMMJ! pJM w UNb

d?N? d?A? W?O?U?L? vK UNu Ub e$ sJ1 UM WO!U
qFH U dU U{ uJ w!U!U
s \ pM bd w!U!U UMbU vK UOBh pQUJ bd UM
n! WzULF uOK UMF c pJM od s tK bd c! mK*
w qL wMMJ1 w w b w zU^ dH! db
r?J?! w?b?? u rN! U^ r QD) pM! -d rJ qOI! c s
U?M? X??O! uKU rN sE U p! qF rNOz UI WdA!
w? q?F?H s! WdA! S w!U!U U?M? u _ q b{ 5u^
d?H! db _ d?E b p! U^ WdA! b bd U qF Ub{
d?H?! U?G? l^u r WuL: fOz uI U Wf rKF
w pKL WKO wM& s! p uM X q p u U t! U^ rNOz
s U v! qBU vK qB% lOD UNK WOKLF! pUO pM!
s? b?Q?? X? q? b?Ou! WIHB! c dOE U pzUD bF
p dOG s! p
d U u WuL: Vf w dO s! zU^ dH! db
U? u?! UL WCd W U U?L??? cMO WuL: fOz U^ pM!
W?O?K?; u?M?! UM U WKJA UM XO! U?M? fID! u g^UM
X?d? b?F? W?IHB! U9 WO!b! uM! s 5JM bd UM UMJ!
w p!u^ U zU^
U{U

WOU rNOz U pM! s WuL:

u _ q WUJ0 WfU) UNMOu^ WOdF! ! rEF bf q^ p! U
XU WF^u! c WM q^ uU^ UNM bB r! 5uI! c Q ULK

WM

WLN u WL UM Q W!U( c d VI uM U^

w!U* gG! u _ q s u dOJ! U) dUh iH)
w
vIK d{U od s u _ q w!U* gG!U WU _
U: c w WO!U* UR* wHu vK
d_ WO!U* UR* l d) rUI wU!
WO XU WO U! d) s WOIOI( UH Y!U!
c( l Ub! od UM ld!
w!U* UEM! U u q g U rOLB f U)
u?L??M sc! 5Hu* s bbF!U uO! WOK uM! S p! l
nOJ WHKh WOLOKF Wud f UUI U UM v!
s? U? u???0 k?H u rNM b q s bQ! pMK! sJ1
q UF! WU _
W??L?) u? _ U?? uM! q d% tQ ?zU?^ p! r
r?N?M? d?J?? s?c?! U?N?O?H?u? e u _ q dD VM WfU)
b b w dBM u u _ q S rOK! qLF! vK d)
WdH! WuA* UOKLF! UIHB! UM s
u?? _ U??f W?d?A?* U?L?_ d?O? s? ?L?F?!
W!bK! w!U* UEM! U ULz uI V dA* `OB! qb!
WO!U! uB! uM! od s WUM! qG! uf s
b??* Uu!U WLEM* WO d UUL' b u XU

p?M??! l? W?u?^ W?^? X U^Q WMU! u _ s dO WOL WOJd _

c qIM! WOU uKb! VzUI( X bh Y!uMLJ! bS ed*
v! WOJd _ b* Uu!U UL' UDK UE s bOF u _
s? b?b?F?! vK u
r? s? U?)U? u?u?* u?c* ed* pM!
jKh cJ UNzUA UNO WLULK! bF w WuB! UdA!
UNO! ufu! w!U!U cF WHOEM! u _U cI! u _
d uf WL
b??< U??& W??O??J??d?? _ W??O?!b?O?H?! U?I?O?I???! d?N?
s? U?N?O! UNKI bF b* Uu! q b< uFO 5UuJ!
U??! UL pM w UNM WKB; U_ uu uU UO u!u
bF* td od s UNKu b uI c! buK w \w!b!
bF UO u!u v! u _ c p! bF uF! b! s bbF! w dAM*
WOuU^ uB ! qb YO WO!U UOKL b
p?M??! U?O?N? U?? s? W?O?U?Dd! UDK! ddI `{ b^

b?b?' b?u?I?! s? S? p?!c?! t?O? 5!u* pM! c wHu l Ru

Know Your Employees pOHu d
u?Lu! wOzd! dI U c! w!b! U! UL pM! U
wM pM d tKF U2 Ub UOUDd w Ud UNMO s W! w Ud

d?_ u??L?u! UdI ULb 5d v! pM! rI p! bF UN

v! tUR td b uO!u w t^ q^ U1U e w
W?L?zU?^ s?L?{ ! Wd*U lL tKF U2 UOK t!uf XGK W!
Bank w!b! 5 d: 5!U; pM tOK uIK UON bF r!UF! uM r
U! UL pM s b
of Crooks and Criminals International (BCCI
w!b!

C

r!UF! u vK b< u q UOKL w tu uc*

t U s

UNK1 UH cI u_ w/ WOU* UOKLF lU

UhK! qIM! b vK qG! UOKL w U d _ dBI
b?F?? b?^ U?/ W?O?!U?* UR* uM! w nOu! Placement
U?NKf WdF UNF cF v u! w cI! u _ UOKLF!
U?* 5? qBH! rO! Layering W?O?D?G! WOKL w c dA* dO
Integration dA* u! w p! bF Z b! r dA* dO bB
u?M? W?O!U UR v! u UJ WIK uM! uJ b^ p!c!
w uM! s dO b u dH c r!UF! U v w d
W?F?C? v?K? U?NU be w! WOzUM! e' iF w ?! iF
u? U?U?H? U? u?K?F? U? Wb w ed* dK$ pM vIK b^ U
b? U? u?K?F?* c? h bF w!b! U! UL pM w WO!U qUA
g?G?! s WJ od s t!UL b^ UL pM tO `{ ddI pM!
t!u _ TO! G WO dO U UNOK Vd bIF WF UO
dzU vK WODGK! WHe UU G ` WK dO lz u
b? ddI! UNMO? WOz WO!U `zUC WF w U?F!U{ pM! U ddIK! UI

W?O?M?O??! U?J?d? U???U? w? b< u qO UOKL qLA! tzUC

WOJd _ Wed* dU< W!U ULO WO*UF! f! U l q UF!
t? Y s ?I? ??! i?F w 5!u* s bF! U .bI CIA
bIFM* WOLKF! WIKK! bI* wMu! UB^ vK u _ qO d{ dUh
s dH! w WOM _ uKFK! WOdF! nU WO1U w uMF! cN
w??u bO s ou*
W?O?K?J? U?N?Q? W?O? ? uF s bL U WF U UB^ U v!u* b
s? U?B?! U?F?! wdF! wOd ddI! s b uQ* WFdA!
dUI! d_U WOOd WOUO! Ub! ed
o?K?D?O? u? _ qG! dHM* d U u _ qO jDh p! vK oKD
U* q uK tOK
uU uUGM sUAMhO! uUuL

b r U de UJ! s qOK^ b UNMDI WKOK^ UO

j? v?K? w?dG! UN! jO; w lI w! WL \ UNUJ
WOdB WO!U WR UN{ vK bu w! UO!d d^ u
V?U?J? U?N?b! fO! jI rU uu w WOM WOdB dO
U?N?M?J?! U?* u? vK WU^ `zu! uO^ bu YO 5Hu
w? W?O?!U?* UR* v! u _ UNM oKDM u _ q w bh
dOE u W!uL vK p! qUI w de' qB% r!UF! U v
U?NO d& w! UOKLFK! WK UJ! Wd! W!UH l UN bI w! U b)
WCHhM UNO VzdC! UL
WOUO UJOA WbI UNKI bF u _ cN dA b^
r?? W?O?d?B?* d?O? WO!U* UR* uM! 5 UOdJ! UNKu% r
p! vK WU^ U?OU U?OK uM! w UU( 5 UNKu%
U? W?fU?h d b W!u?;
u? _ q?f l?? w!U!U VFB
]
b?O?K?' e? b?h u UA - bI d v! qu!
d! WOMO! UJd v! r UO u!u v! UNM ULM v! U tu
v?! W?OJd _ b* nKh w UU s UNKu% bF p! wUJ!
t?Ku% r 5F b v! bOfd! uf bM uM! bQ jO U
WO_ uM! l WOKLF! fH l U) v!

qGK w/dB* UDI v uK s eF b

r?!U?F?! w? b?! s? bbF! w WOdB* WO!U* UR* WEI
w?K?U? b? s? e?F?!U? U? c?M? d?L? U& UM `f
UC U1U U UN! e u d e

w!U* UDI! w UN v! rNNu be b uM! w rN!u u _

WOU! uB! u{u u c uM! s WU^ ULOEM q^

w/dB* dO wU* UEM bJ WOU uB

uK!U p! E! w qLF! ULz

rEM* d UUL Vd
b! QA ULMO p!c! uNEK! Wfd q^_ rN{dF w! dD! v!
b? U?N?OK WU^d! WbOKI! uM! l q UF! w W!UF
U?LE dJ!
w! WOdB* dO UR* u UNK d* UN!u d% UUL' c
V?K Bureaux de changes W?d?B?! URL WO!U U b bI
ULI! w! d^ .bI U uI w! UuMUJ! dJ! qOK!
dOGB! UdALK! dI! bI w! WOKuL! WUL UdA!

uM! nzU iF uI w! WU! UR* U Ud

Wfu!U WUC* UdO UUIM!U UUF* bf 5 Q! Ud
w? U?fu?B? b?M?! rN_ WO!U* _ lO d od s
pOHU! vK WKD* UO WIDM

??! w? b?u?! W?!U?L?F! db rK WdH! UR* iF uI b^

v! WR* c UN!u% U) w rN v! UNKu% bd UN uKLF w!
d? U?D? l? U?N?K??G?! b?< u? Q? W?D?Kh rN dO d
rNc! m!U* pK WLO^ lb rN w rNzUdA!
u? _ q?? w? U?N? b?h?? s?J?1 w??! WO!U* UR* c UMO o
WM! dB* u _ q WUJ uU^ s U* w uc*
U* qN w UNCF d c! wuJ! u _ q uU^ s U* l
s? r?? b?^ w??! U?R* WDA l UNO^U bb% WO!U* d v! q
u? _ q?? W??U?J? d?E? u?U?I? o??K?* b?' u? _ q UN!
UR* WDA uMF WM! wMd!

U?J?O?A?!U? WbIM! _ d U?C? W? b?h?* VO!U_ s

UUL' uI b^ UL UN WOUO! WOdB* UJOA!
l?O ?? W?OJd _ b* Uu!U Wuf Ud UAS WO d
c? U? s? W?I?O?I?( w? r? b???* W?J?K?L?* w? s?d?L* UNLN
u?! U?L? b?* Uu! v! u _ uF p! bF sJ1 UUL'
W?U?& U?L? f?O?Q? d?A? U?N?U??f u?I? Q?A?M* WdA XU
b^ b?( d?? WKzU! uIM! VdN s ?C? c UN UB
d?O?_ X??! uM! w VdN! c U b* WJKL* w ku!
U wMO!d tOM \ b w U ULMO dO U
l?^u??* s? U? wMO!d tOM uOK v! r^d! c eH^
WUN w wMO!d tOM uOK v! r^d! c qB

b?F? UhK! UNdN! tF WKzU m!U qL dOD! uD b V lOD

uIM! bF U UL' U uI UD*U `Of dO U UNM
UD bI WN U WfU) dzUD! od s dO m!U qI sJ1 UL
w U uOK v! qB m!U qI b< U& b
- t? U?L? U?NU v! WOJd _ b* Uu! s WfU) tdzUD
w? q?O? d??! d_ WAL^_ UM od s WKzU uI qI UA
o?d? s? V?d?N??K?! q?zU! bIM! eON! WfU UR UA - buK
sA!
U?O??! o?d? s? d??!U? U??* b! 5 qzU! bIM! qI uJ b^
U??BM uF! uJ b^ WOMO! WOFK! U!U WfU) UO! WOUO!
?? p?O??J?*U jI u _ vK fO! UN WdA* dO lK! vK UC
tM WKB* u _ VdN s C w u!uJ! 5UuJK! dF bF

w? - U W?d?B?! V?U?J? o?d? s qG! UOKL WK s

duKO \ w!u j{ UOUDd w UNFzU^ XKB Wb WOC^
tOM uOK w!u 5JKN* u dF UNLO^ bI 5UuJ! s
q?L?F? W?O? d WLEM fOz 5 UI! uB p! bF ku! wMO!d
uc* 5UuJ! WOLJ! u* w UN bIF b<U U& qI w
s? d?O?? U?O?L? b? r q^ p! UN! uu* rNQ bIF s
b U London Bureau de Change bM! Wdf VJ w uIM!
WO^d u UJO od s u UhK! uIM! c qu% bBI
jDh WKK! WM!U ULN UO!U UDO d{U( UM^ w WdB! VUJ bF
X b^ dA* dO UNKf vBI WKLF! dOOG d0 cF u _ q
bh w dL be UM FATF u _ qG! w!U* odH! Ud%
W!UF?
d?O?b? U?h? V?? w?!U?!U u _ q UOKL w WdB! VUJ
u?I? w! UR* UNQ dG! cN! WdB! VUJ ndF sJ1 UN!UO
WOfu! WE l ULz U^UD UJOA bI WKLF! dOOG UOKLF
UOKL u qLA XU w!U* qLF! odH! 5F_ UOfu! s WFU!
U???! U?NUAM! lU UAM VUJ* c VU s ch XU w! qOG!
vK V t w!U* qLF! od UC d p!c! uE; dO t uL*
Wd UR* c XU U WdF v! UNKfu w! d Uh b!
W?K?L?F?! d?O?O?G? U?O?KLF UOI! w t hd wuU^ u UN! WOuU^ XU
U??R?* p?K? b{ d Uh p!c WK UN WOM_
U?N?' W?D?K? U?D UNUA W!e* WM!U vK uB( UN! r r! w!
d?L?? s? w!U* qLF!U UOI! w t! Q dO VJ lM* WO!U* WU^d!
tO
WOU s d_ WO!U* UR* vK d U UR* c vK d
o?zU?u?!U? U?H?? W?u??A?* U?O?K?L?F?! s? m?OK! LF! s oI!
d? U?h?U eK r! Ub{ dOb Uh l dI* bLK! bM*
W??U?J0 WfU) UKD*U e! q s u _ qG WfU) uc*
UUI UOFL sL{ UR* c dh bOH* s uJ b^ u _ q
W^d* W!uN! WOMN

s? uc* VJ* w Xd w! WI! UIOI! dH b^

m?K tH VJ* o dc! n!U WO d WLEM* fOz
fD 5 dH! w UhK! UNKu! UOMO!d

UNOM

\\
u?f w? l?L b^ mK* c s e U qd
u? b?^ u?c?* m?K* rEF S p! l UhK! u r qzU bI
uLu! du w WO!U UR v! WO^d u od s F

WOJd _ b* Uu! UOd bU

UC r U/ u! c s sbOH* 5FHM* bIF* s
U?& W?D?A? s? WKB; u _ qG WLEM WHB WKGA WLEM w
\r!UF! oUM s dO w uKLF sc! d_ VU s b<U

USURY bzUHU dN WU uB

t?L?
d?^ c UA Q U?L?K? UdA! dA! WKO w
WU! UdA! UR* iF UN d9 w! WUB^ UuFB!
.b?I? U? b? W?O?D?G? l?O?D??? WO!U* UNu^ XU ULN uM! UL
Uh WKB s wU d! s bI u _ qO s Y l
c! ULNH^u W!bF! uUI! d9R* bI b* WJKL*U WOMu! WOzUM'
s dH! w bMK bIFM* wzUM' uUI! duD f WO!b! WOFL' tLE
fD uO!u
o?I??! UKD0 oKF ULO FATF?! s? U?B! UOfu! d V
vK U/ jI UNzL WO!U* UR* 5 d& w! UOKLFK! WM!U jI f!
UOKLF! q vK UNBM r^ WOfu! S UNH UR* 5 d& w! pK
U?O?K?L?F?! W?L?K? W?O?!U? URL U?C? u?M??! 5? d?& w??! p?K qLA
UNM sbOH* Wub* U^_ 5 Q! UOKL UC qLA Transactions

bzUH!U d^ WO!b! WOUM! s X b^ UUDI! vA! dI!

w? W?fU?h? WO!b! WOUM! s cI! u _ db w dO WOKU
dOGB! UOJK* dAM YO U d

u wMOF qG dA* u w/ qGKG WFd uB

w? U? bIM! qG! UOKL qO^ s w U/ uf s o U
WOMO u v! B* qu% od s UNO qG! rO uB! c
WLOI! uf_ d od s p! WUI XU W!uIM WLO^
d?u?: V?c?! w? W?O?M??* U?I?F?! w? U?& wU*U WO!UF!
.bI! quI! odD WbMN! UI! d WKzU! uIM! qI bF n!
s j_ dA! v! wc! YK* wc! N! s
W?dA* UdA! UR* iF w cI! u _U WLU* od
d?_ WU! UdA! dO dbB! UdA UNzd
UuMUJ! qOK! VK uNK! UMH! lUB* UA od s
WKLF! b WdBK! UR W U^
W?U?I W!uIM U?U?O? c?I?! u? _U dA t w wMOF! qG! hhK
UbB WdF cFO UdbB r UO_ c U r WbI s b
WOKL X bh WOJd _ b* Uu! w X9 w! UOKLF! b w
d - YO UOK \ q UNId s - qOG! w Vc! d
U?J?d? s? u???* V?c?!U? d?N?E? YO Z!u uK$ u! w Vc!
u Vc UM tFO - YO uuO v! tM r qJA! YO s WOMO!
U?LC U< w vI UNO! tM r uK$ u! w Vc! U& U(
bb UOKL s Uub*
d UU UUG w wc! N!
U u bU w wc! YK*

iF w UN bF WU^d! WK^ U uJ( nF{ u d: qG

UdA UM Xf p!c UUB^ w cI! U*U qGKGK! b!
c?I?! U?* s? U?N?L?E?F? w? W?!u?2 rEM* d UUL Udb dO
WdA* dO U b) lK! w WO d rNU& s qB;
q? UN d W1d' B s UNKu9 r w! UdA*
v?! u? _ w?KU s UdO rEM* d UUL vF u _
W?O?U?M?B?! U?d?A* WKU vK UN WU! UN!UL rOEM qF
s WdA* UdA! UR* UU& fH l WdA* WU!
e WO!b! u_ v! b lu! uLM! hBh! YO
w? Z?N?M? p?! l? U?N? d? U?dA l q UJ! UF!
s? W?O? d? U?N??D?A w UNF w! VO!U_ fH u! w UNK UF
uK! l 5uI! UH U WOUO! e_ W uJ( U u
v?K? W?M?L?O?N! WUM* d_ UdA* U w U?U?O? nMF! v!
WdA* WUM* WUB^ Wd( sL! UN U w!U!U u!
w? q?GKG W1d' B tO qb UJ q w `{ c
iF w UNM* wOOu! U% w U( u UL dA* UB^
e? b?L??F? Y?O WOJd _ b* Uu!U buK uM s e
5UuJ! U& s bL* u _ vK UNO UB^ s dO
U?^U?D? b?h?? d?A?* U?B??^ w? u _ q uf s
c! pM! uIO d bK s lK! d w WDMGL* WOJO! ULz
vK UM p! W^UDK! bB* pM! s WLOI! VKD WOKLF! tK w X9
vK rBh UOzUIK WLOI! qu dO_ pM! uIO lzU! dU! VK

U?d?? w??! l?K?! lO qOLF! uI r W^UD! VUf qOLF! U

b?^ ?u???! u?O^ uMI d mK* vK qB W^UD!U
w? U?* c? U?L???S? U?N?FO sL rK bF W^UD!U lK! dA uI
w UU( b w uM! b w tb tKu% d UOKL
u _ c bB VIF VFB W!U( c
dA* UB^ w qGKG! od s cI! u _ uKU rN
j?I? r?N?!u? uf kH bd rN_ UL! WUB^ b'U
r?d? d??H? c? U? s? r?N?U?d?A? b? U0 QF w!U!U
n?O?u bd rN Q U?U? b w! dU) UdA!
u _ c db US rN! `L U0 rN!u

tO/ hBJ u_ q d WU) uB

uN vK UO!UD WOJd _ b* Uu! s u! dUI! b
W?O?!U? W?O?MI p! w u bh u _ q w 5d 5BBh
5 d W!uL dOE rNU b 5BBh* R bI W bI
dA* dO qf_ UH w uMMH rNM W bI* U b) r s
w? u?BBh r s uUI! U s UM UL W!uG* u !
UNKO w cI! u _ Uf rN bh U: c
dJ! b< U s bbF! UM u p! s b_
l?OL UOIK! U?N?O?! Q??K? WKI ULEM UN! WFU Ud QA
ULz dJ uHAJ u _ wKU Q ULK u _ q UOKL
UIU p! v! Ud b^

dOJ! U: c w u bh UH qGK! bb VO!U U^d

u?M??! U? 5? U?; W?O?!U?* _ 5? Q?! sUO w d) s

UF UIF! dUL 5U; WOdB* dO WO!U* UR*
uM! iF d_ WO!U* UR* l U ULEM* UdA! c
u _ q qO w UdO dL! WdB! UN WuA*

WOdF WIDM* u_ q

d?d?I! U?I?? r?!U?F! w U?u?M? W?!u??G?* u? _ WOL bI
UbI ULMO uOK bI U0 WM WOJd _ WOU)
W?M dJ! WOUMB! l! b! UNKJ w! d) WuL
bI U0 u _ q WKJA UO dOb WO!U d Uh
r?? s? t???? U? u? _ q?? U?O?K?L? q% uOK
U?O?K? b?I? U?0 b?I? Ub WO*UF! U* u UOKL
UuM

k t dUE! c r( oO^ UOI UM fO! U W vK

tKOGA UF UNCF UNK d rzd' s bL* u _ q XO! t
W?O?N?O?d? l?K? d? w? U?O?( U?d?{ w? W?O? d WDA_ w
U? W?U??! u?M??! U? u? w? b?h UNCF UO!U
p! vK UM iF! bI p!c! sU! 5uI! UH U W uJ(
UuM uOK 5 W!uG* u _ c r
U s bbF! UJd j uM s e_ iF dF
s UOId s bbF! UO w Yb( UB^ b! WOdG!
u _ q ed

b?* Uu! w Uf u^ wz UE u s rd! vK

UNO de dL qG! c u _ q vK WU^dK! WOJd _
pK bO WIO W^ UN! qOzd w rEM* d UUL
r?U? b?^ W?O?M?O??! U?J?d? W?O?J?d? _ b???* U?u?!U? uu*
w? U?NbzU UL vK uKLF WLh{ q UOKL w uOKOzd
bzU qOzd Xc b^ 5UuJ! lO WfU) UO u!u U
q?b?! v?K? VzdCK! wM! UHh V UNO UL! WuA
UB^ w wM! U ! UN WUF uM u UNO

WOdF b s U sJ
U?& l?M?* U?M?O?O? b?U?F? v?! X??! Z?OK) lOL XLC
W?M? v?? X?u?J?! b? U?L?O? W?M! WOKIF! dR* b<U
W?M? b?U?F?* c? v?! W?O?d?F?! d?B? W?u?NL XLC UL
b??< w?? U?& l?M?* W?O?d? W?O?^U?H? U?M? k??
U?M?O?O? b?U?F? u?M? v?K? X? d? b?^ W?M! WOKIF! dR*
UM b^ UL uc*
d?ze?' s? q?J? W?O?L? u? _ q??G?! W?D?A? W bfd r!
d?FK! WM!U U( p!c sLO! fu UL UOO! dD^ _
W?O?J?M??! UF! U Uf d UN_ p! XuJ! d bF
W?O?J?d? _ u?O?' U?O?? Z?O?K?) d? b?F?U? d sJ! WO!b!

t?O?K? o? u?? _ q?? W?UJ* uU^ UNb! `f qOzd k

WM fD w XOMJ!

r?C? w WfUh qG! UOKLF! WfdH! TON b^ tO{_ WOUDd!

UOKL 5 UNF eOOL! VFB b^ d( td U UM U UOKL
dOLF! bOOA! U UOKL qu!
U?O?U w UNbzU qG gOAK! WUMf WOdG* WJKL* b!
V?c?! w? q UF! w odF! UNd UNK b* WOdF! U w U
UL tzd od s cI! u _ q tdN `L UA u
b?I?M?! qu `L b* WOdF! U w wdB* qu! Wd
UI! t v! du: s dO Vc! VdN UJ p!c tK
q^ s p!c! UM; b^ WbMN!
q .d U?uU^ bf b^ b* WOdF! U k
q WUJ dE UuU^ sd! bf UL WM u _
U?L WM dB WM XuJ! WM u _

U?N?FU X9 w! u _ qO UOKL b v! WU* UB dOA

X?K?J? b?^ W?O?K?L? mK \ w U w Wd q^ s
5? UF! X9 w! UOKLF! uL s UF! Ue! W
d dN UL w d UAM! cN! ld! be! vK b U2 5IU!
W?M? s? t???? X?F?H b^ u _ qO UOKL w WOdF! UOM'
d?N?! wH) UB^ W UI s ?I U v!
d?J?H?! W?K?? w? u?AM bOFB! tK! b ubK! u _ qO wdC!
UbF U qd b wdA!
m!ULK! vK_ b( ed* dB* b vK uUI! c s U* hM
U? l?C?h? UNM UB v! WU( bI W!b! v! UN!US `L w!
ed* dB* tFC c! UB UE v! UNM

 r?^ Q?A?! c? w? U?NuU^ bf WuF! WOdF! WJKL*

UM b^ UL WM! Uu WM! dD^ WM!
gOA( uO_ UB s bB

WOhU! WOUM! s UM! XU

b? nMF! dD{ uI u _ qG! ed

UC XU
qI qG! d_ WOU q^ wdB* UN UE XKF UNO dI
W?OU `L b^ UMK! wUO! dI u sJ! d^ v! qG!
WOJd _ b* Uu! bf b^ U: c w uM! WDA uLM
c? U?M??! p?M? s? bzUF! b! WOL w dO U UdUI w
w?I?D?M? d?O??H u bF! p! W!b! pK u _ q vK dR
W??U?J?* U?u?U^ UM! bf b^ WU& WUB^ q u vK uI
WM! tO u _ iOO

u _ q UE s U* XuJ! u bM tM UB V U l
tM UB V U* WM!U dB* u _ q WUJ UE s U*
V U* WM!U uF! u _ q WUJ UE s U* ub! bM
WMOL UF bI s d) ub! bM tM UB

fU) qBH
u_ q qON qu

u_ q qON qu

wK ULO quF c U sJ1
U?N?O?K? u?I?K?D? w? UOId w W'U( WOUM b s dO. VOd
u v UNId w w b pc. Black Hole u_ VI
w? W?K?zU? u? U?L??S WO?dA U s u UB? v
p UbB0 WU dO UB? cN nOFC l{uK dE UUB?
uLM Zd qu9 UNO WUD WKJA vK UCI UUB? UF
U?OU. ?O?Q? W?K?R? dO UNUR UNLE s ?C? U?N uD
UbB q9 u_ c w WOd WDA_ UA.
jC nOJ WF' WOU WUB? q.UA s wUF b c
w? UNO r w WuA* UOKLF WDA_ s mK UB
W?U?? U?N?b q c tu U. U? U?* v? WU WU w
U??N????I??zU??{ p?? w?? r?N?? w?U??U? U?M? U?.d? l?U?B?
WUB?
U?N?K?R l{ w XO ub* WUB? U{_ b c UL.
UNzu u w UUB? w UUL UNO XK w u_ u sO

f? w? X?U?. WOId W tKF U U Ub UO( j v qB

W?O?U?MB UUHM s UM_ U sb XL UN Wb u WU(
cJ 5 dA qUI UNLOK? w U s u WMR* WU
W?I?O?I? w?B?I? s? U?d?O Wb c XL b? u WK* WU( XU.
c? WHOE UUL d* u_
u?I? U?N?O? u?_ q?? v WADF W'U WHB uJ dOGB b
W?dA* dO UNDA od s rEM* d UUL UNUM w WUB?

nOFC UB? b pK bM uE UNKF&

w?B?I? U?N?L?N? U?N?O? u?_ qG UOIU `L p UN

v UNc? 5 Wz UN u UN_ UN dA* dO q'_
W?H?N?K?? U?N?K?F?& ub* WUB? UNU{ S UNc? XMO u
UJ0 WuFB s t UO( j v qB UUB? w UUL
u_ q WUJ w WLU*U b c UM?
w bIM vK WU?d l bF b( d u_ UI WuN
sL qUI w WOdJ qzUu od s qIM b? b rEF
WN v WOU* UR* s WOK WOHU W*UJ dQ. bO
W?U?G?K b?I?F

U?b?% u?_ c? l??? s? q?F?? c rUF w

d? d? cI u WOdJ u U'uB

u c UL. bK dUF WUB? rzd' s w

W?U? w UO c oOD UJ b UNb WUJLK UO u bF
c w UNO UIF b{ WOF? WUB 5d: VJ UNd bF Uu
b pK w WdA* dO WDA_ s WKB; u_ qO uJ u_
d?G?? ?G?? WHOFC UUOJ b( u jI b d t
w?? U?N?O? 5?u?I UH eN d b UNO wU* UEM w nFC UI
p w W XU. u v u_ qO UB s UNMJ9
.bI l cI u_ wIK UbF s Wd' sKF s b s UM
U?U?N?? e? q?O??I? c? s? U?N?O?K? V?zd?{ d? b?F?. U?Nc' ON
UN bu WL \ vK UNUJ b be w uU UNL'U
q?9 w  U& UOKL qu9 w WBB( pM u
rUF w u_ q e.d r bF UNDA s
U?N? b?u? W?L?? \ vK UNUJ b be w e' iF UL.
w UNM dOJ bF hB( UNO U o u de pM n s d.
UL_ c wd U. uM c s dO. W pK1 WdA* dO UL_

lzu UB* Wd b dA* dO UbB wBI s UNOL

U?N?M?O s b s dOJ t YA e c WOdB* ozUu
WbI* b iF
WOU s U Wd wb bIM bMB. WOb UN' UM
WOU s b d Wd w U(_ UI WUOK b( `
UR* w qb WOU* u_ 5 qb u/ be d
d? U( pK9 d'UF* UM*U w W UM bF r b w WOU*
U?B??? w? W??b?M? b UUB? X' WO WUB?
WOM b dF c wb wU* UEM sL{ tK w*UF
ld `d vK uBK VKD
`' U) UDIK UNO UB? UO? b s dO. X.d b?
l?O?L s uDD< UH b? vKF* bI sL UN uK
s? d? s WOd UUL' rNb( s rNMO s u_
bb' UB? UEM c
u_ G uIM vK WUCLK UMd? ld `d `'
uU. b( d uKLF sc ud: tOz uOI s d*
b?O?u? s? u?_ q?? `?' UL. UEM c s 5FHM* 5 s
v?K? h?M? `?zu? W d S wUU d'UF* wUMB lL:
u?J? u_ q b{ qLFK d'UF* UB? UEM vK uO?
UI s b UF UO b{

(1) International Monetary Fund.

q?? d?U( dC be* UM? l l{u dOG b? p l

lL q. w UL_ UDI bbN q1 c u_
UUA UNO lu UNuM tDA be rEM* d U
U WDA_ c U bzU r U wUU b( d
j????C? .d???K? l?C?(? u?_ q?? U?O?K?L? r??
Wd WOdB* dO WOdB* WOU* WLE_ s p UB*
b?L???* WuG* u_ r WU({ ld LF UU
dbI U?F mK WOUMB b w Ub b< U& s
uF U v ld UuM UOK \ 5 U b* 3_
UOKLF c s U s WOU* WLE_ vK
q?? U?O?K?L? w? _ e?.d?* W?O?Jd_ b* Uu u
u_ q e.d d. buK uuO dF WM u_
UUO r YU e.d* w UOU* r wU e.d* w UOUD UNOK rUF w
`{ u UL. UNK. Ud dO

fU) e.d* w bM. r ld e.d* w

qOJA UNUL b dH c G7 l dJ WOUMB b s
w 5F tUO'u FATF u_ q WKJA0 U) qLF od
WUJ* UI w bF ULO UN dFM

b???* U?u? w? w?H?) U?B?? s WdA* dO ub r bI

U?O?K? u?? U? w? U?O?K U WOJd_
5?U?.u?J? U?& q??9 w?J?d?_ w?u?I? "U?M? s? q??1 u
w? W?d?A?* d?O? u?b?K? w?U?_ bB* U?u?L? b?< s?d?O?N
U bM. b* Uu

U?N?u?F? w WOd rNOU fH cI u_ U' U

U? d?A?* U?B??? w? q?GKGK p WOzd rNDA w
UNO rNu nOu d WHdA UdA*
W???M?U? b? s? d?O??. w? W?O?d?B?* W?d?U UH vK d'
U?O?K?L qN WOdB*  bM* UNU' Ub
U?N?U??' WuA* WOdB* UOKLF vK u?u _ p qG
dA* UB? w UNKGKG UOKL VIF u_ j{ vK bU
U?D?u 5U; uUI U s d_ s 5BB( uN
dJ YO U: c w UC WBB(* U.dA s 5OU*
qOGK q? s WdF dO VOU U?d

UB? v u v UNId w w  w uUI UO nF{

W?b? e? i?F? w? q??M?* w??O?u?? U% s u
WOKI' de UOUD uM w U( u UL. UC bu
WU? nF{ Wu' Wd Wd UcUM vK Wb WU? nF{
UNOHu vK WOdB* dO WOdB* WOU* UR*
W???d? u?_ q?? .d??? W?O??z WOFdA dOb U( b
b s dO. w UNUB* cI u_ j{ WuA* UOKLF
iF w u_ U WLEM* WOd UUL' d'UM iF u
UUL' pK l UJ 5u* iF uK{ b
d? w? U?N?b?(? WDMGL* WOJO ULz U?UD UA
d s d s uIM V WHK< UH u b lK
rUF u vK pMK W s WO*UF uM iF

tKU( UJOA WKzU uIM b( r( 5F b u b

q b b U* WOU* UOKLF w WOUO UJOA
WOJK* qu9 UOKL qO rNF 5KUF* bb% 5OU* UDuK
WuIM*
V uNL' VU s qG UOKLF d.c WCUM u b
d? U?U?L? U?OI WOU s u_ q UC0 vu b
n?O?u? p? w? U?0 W?U?B?? WOUL WdO UdA0 rEM*
c? t?K?FH U0 dB dO uNL' qF U2 d WOU s 5KD*
UUL'
d?* c?I? U?L?K? b?u? w?u{u ndF vK UH u b
.d?& w?UU bu?*
n?dF c u Q U?L?K? tK WUJ

W?O?zUCI WOuUI bU* 5d: rOK vMO d{ b

wzUM' Y ozUI( wBI w WLU* WU*
d?? W?O?d? U .d& vK b s dO. w hM b
W?L?E?M* W1d' WUJ* b* 3_ WO?UH vK W?UB* b rEM*
q?? c?I? ULK b? U?N??D?A? U???U? WM WOMu d
qG
w?U?O?? U?H WKJA u b U?C? u?_ q qN U2
.b?I? U??H? W??UJ* Wu UD V wUU U
v?K? q?L?F? l?L??: w? t???U?J?* WOUM bK WOMH bU*
r?E?M* d dD UH p vK Vd ud UB
b pK w UNK tbzU r(C

d_ w q9 d'UF* WOb u_ w WOU_ UU&

c?? h?(K tuB( ON wUU u_ q WUJ* UIzU

t w UU&
5? q?U?J?? w?UU w.N U U u U?O U&
UUB? b
d? wU* qUJ u U&
U??R UN s U?O? U?dA* qu9 be u U&
uM dO
U?N? w?b? U?B???? d. bzU UU& cN U. t
_ tUOKL qON tOK UIF u_ q WUJ uF bIF
UR* w qb WOFK WOU* u 5 qb u/ be
w cI U* qGKG vK bU u_ u Wd WOU*
WdA* u
s? o? t? X????. v u_ WbI* b UI
v?? b? w UNU UNUB b UUB? w WOUM b
w WOUM b d( u UIzU q1 o UNM X.
UN?u w UNKGKG WbI* b s WJ* u_ q WUJ
b vK u b
vK WOUM WbI* b Y V WdA*
UNU UNUB UUB? w UUL cI u_ UI
o t UNM X. w b w
U?* U?L?? w qQ v WOUM b bU U?C V
u?N?' U?L?C? v?K? UNFOA WOU UO UNM0 tc UNb

u?? W??O?? WFd vD U( V UL. u q WUJ

WOUM b sJ1 c bb' wb UB? UEM UA U
UNO UO( u UUB? 5% s u v UNId w v
v? U?NId w v pK WOUM b w uMK nOFC n?u*
UM uJ V c u_ q WUJ UIzU q1 u
U?N??U?M' duD b pK WbI* b VU s WOMI bU
c? _ W?O?d?B?* W?U?I?? U?F?O? vK UNOMu bU WOJM
u_ q WUJ w dO. bU duD
U'uB

UIzU q9 uM od dO s r w UOKLF UIHBU

f?O?u? od s UNF V c WKzU uIM UNO Xb(

U?OHK
U?U? b?F? U?N?S? U UN V r t_ wb wMu
wUM rUF w u_ qG

U qBH
vK u_ q WUJ
wb wMN* wLOK u*

u_ q WUJ
wb wMN* wLOK! u* vK
YU WL w qBH c u{u s rKJM
WOdB* UR* uN s

w_ fK: uN s UOU

dJ WOUMB l b uN s UU

wb u* vK b* 3_ b uN s UF

u_ q WUJ* b 5 ULO UF UU

WOdB* UR* uN _ Y*
w? U& d UUL WDA s bL* u_ q
eN WOLM UK WMU WO U t ud UH b<
uUI UO Wb
WOdB* dO WOU* UR* s UdO WOdB URLQ uM
U2 UNzUI UNUdB W WOU s WU UNFL vK UU bLF
UN WI U vK U UNUA vM wUU UN s UNuA b
WOD WFL
e??N? b? u?_ q w bU UN w tA w WOU* WR*
dOJ uM s WR* c XUQu v u w dOQ Wb UeQd
UU U{ u_ q S wUU

r?E?M* d UUL Ud UNu `H w WOU* UR*U

UQdA rEF UU UNUH VFB s uJ b b< U&
UNFLdOb s dO_ c WOA) WdA* WU WDA_
U?U? t?OK Vd b c cI U*U Vd w WOUM b
U?L? c pc WO UNOK VFB s b& b dOB dH
U??% U?L? c _ UUB w q_ WKu dU* WOM_
q?u? u?/ W?ub WOLM vK bU U2 bO dI u v
q dA UC WOLMU U{ u_ q S wUU dD
WOd dmUMF UO _ UN wuI UB db b U bK w u_
s WJ* b 5 UB ULQ roC w V U&U
qJA dA* UB WOLM w UL s WM qQ dA dO od
dIU d{ tOK Vd UbK U UNKG UNd WOIOI uD
pcQ wuI UBU U{ u_ q uJ cJ u
UH ud lA rEM* d UUL uI u_ q
UQ u ULQ UUL' pK b w WLoC u_ c uu
w UNK v WU ud u qF b 5Hu* s 5u*
U??R?* s? d? u?B UbK v u_ c uF b d
WOU) WOU*
bL* UNu q v U% rEM* d UUL k
l?K??K? d?_ W?O?d? U? WDA w b< w U& s
b?o??? W?O?U UUL' ULQ VdN WdA* dO Ub)
s?LC tKQ c WK dA U vK uBK u_ q od
uUI UO dOD WUN

r?E?M?* d? U?U?L? ?? U?u?L: cN UL UQ U*

t??zU?? u?_ q??G? U?O?I? W?O?U? U?U?L?' 5?A?d* 5Hu*
Z?zU??M? pK nu WKO qC XUQ WLO WUB WOUL
U?U?L' rEM* d UUL b< U& 5Ad* Ud u
Q??K? U? dO UQ WOd rNDA nu u_ c s WOU
qz s b$ w Wd pc WOdB* UR* u rNu qG tO
q??G? u?M?? b?o?? WUJ* wMN* u* vK XIKD w uN'
Cook Committee r?U? W?d?F?* u?M vK WUdK U WM' u_
q d_ wdB* UEM bo U lM* U b XF{ w
U? w UNbm W?M? dL w p UQ u_
Basle Statement of Principles ULK
U?H??K UNUF w uM UNNM V WOQuK U* c
U?N? u? b? q?u?% V?M p UNO Wu* WI UNFL vK
u_ q w UC U lu b WOd WDA s bL
rUQd uKUG UN uI w WOdB* UOKLF lOL qLA tKF
UNUm u wd bB* UH bBI

pKOL d b c Ud w U* 5 s ULQ

UU(U tKOL U dF u Know Your Customer

dR* b< w dA* dO U& WUJ* b* 3_ WOUH k

w uIF* WU WUF tK w d9R* UbL b WM WOKIF
dL
sL{ G7 d?J WOUMB l bK wU* odH WM' UC td c
WM 5F_ UNUOmu

c ULQ u_ q vK b WOL ULQ XUQ WOL ULF*

w? u?_ q??G? u? c? b?B? d??F tS t U?u?L? UQ
q WM U db t `L w WOU* UR*
U?b? w?U?* U?E?M? o?d? s? c?o w UOKLF lOL tQ u_
u wd bB* UH v bN d v U s u%

hM U UNOJU
Criminals and their associates use the financial system to make payments and transfers from one account to another to hide the source and
beneficial ownership of money, and to provide stockage for banknotes
through a safe deposit facility, these activities are commonly referred to
as money laundering

w_ fK: uN wU Y*
WM ud WOUH sL{ Q Ud u w_ fK: qL
l Q UNUB UND{ UNM gOH u_ qG WmU)
b?< ?B??? v?K uBI dO UNKF u_ q dJ s
b WLO W1d W s bL B W qLA UNKF U/ Ub

U??d? U?J?O??K? s? qJ WeQd* uMK 5K2 c bm w d

b* WJKL* du bu bMu uLQu UUO UOUD UOU*
u_ vK tzU dBI r k WOJd_ b* Uu
WdA dO WDA s bL* pK v Ub U/ Ub b< s WOQ*
a U gGUQ
b{ dOb uOu w sK b UQ U fK dQ b U2
VFK sJ1 wdB* UEM dQ W1d s bL* u_ UH qu%
p lM w UF

? d?I? v?_ U?* hM UbB UH UNK vb UU

WM dLu u_ qG w_ fK: WOUH s

Council of Europes Convention on Laundering, Search, Seizure
and Confiscation of Proceeds from Crime (COE Laundering Convention).

u U2 W1d uJ sJ1 B UNM rM W1d W vK

v? b?N? p?c? w? W?O?U?H? s? W?U U* w tOK uBM
u_ c UNM bL* W1d' XUQ U u_ q WUJ
d???K? w?b? U?F?? q?O?N?? u? WOUH b b b
rzd WmUo XUQ U rzd' B UB jC gOH
U??M? w? U?& U? r?zd? W??K?_ w? U?& b?<
dOQ UU b w rzd' s UdO UH_
u?O?u? w? W?M?? r? t?N?O?u? f?K: bm
dG tO UC_ bK
WUF WIK WUOm u_ q w WLU* s UNO wU* UEM WUL
tO
u_ q lM w WLU* s UNO wU* UEM 5J9
W?U? W?O?M? W?O?FdA uB l{ u_ q .d p
qG s W1d' B lM0 wMF WBBo WOU b eN
bMu UOUD bMKM UUGK b* WJKL* F bUF* c vK Xbm
UMb ULQ du
UOUD bMd UuO UOU* Ud d/b UJOK r tOu c UC
bMu b* WJKL* UOU UGd uLQu

W?U?B?( d?O?u? l? W?u??A?* UOKLF s UDK mOK WUHQ b

rb{ UI b WOb u W b{ UOKLF c s 5GKLK
W?B?B?o??* W?OdB* dO WOdB* WOU* UR* vK V ULQ
u?_ q?? l?M? q?H?J U WOUd dOb s co wU* qLF w
UIFK X{dF

V WUd UJ
LF WOBo s oI
W?O?B?o?A? o?O?I??? W?mU?) W?b?I?* b?M??* ozUuU UH
WOU* UOKLF
5Hu* s UGOK wIK s u WOU* WR* w ho 5OF
(The WB< UDK v UN u_ q w U s
Money Laundering Reporting Officer) (MLRO)

b{ WUL( dOb vK d 5 s WOU* UR* wHu Vb

u_ q
W?M?? t?O? U?C_ v c tNOu w w_ fK: d b
tHOu d v WU s U* qJdOOG tQ u_ q
WLU bF qF s wd UA s bL tQ rKF l tKI tKu%
dA* dO tKm WIOI tu9 tzUH dG p UAM c q w
ZzUM VM wd UAM UJ w u ho bU
tKFH WOuUI

The W?M?? b* WJKL* w u_ q `zu p vK XB b

1993 Money Laundering Regulations

bb UNOu w_ fK: vM U s dLu w

U?O?K?L? W??U?J?0 U?C_ b UUCI0 eK u_ qG WmU
UH p w U0 dOD) rzd' qG
s? u?_ q?? u?D? d? W?O?L?O?K UFL& dFA b
W?L?E?M? b??M? WO WOUL WUBWOUO wuM
b? W?L?E?M?* W?O?u?L?M? `?zu?K?U? vL U bm WOJd_ b
organization of American States Model Regulations WOJd_

Peter Eigen s?? d??O?? U?F UHK w*UF ddI .bI l

WOb WOUHA WLEM fOz
w? d?A?* d?O? U?&U? W?mU?) u?_ q? rzd WMLC `zuK c
Xb b Other Serious Offences dOD) rzd' s dO b<
- bM w duQ w Ud UQ d) s od WdF0 d b
U?H?d?F? s?L?C?? U? s? W?u?J? w? u?O?u? w? U?LOu w
n?d?F? e??( b?O?L??? U?B?* U??KDBLQ UNO UKDB*
WuL UUIM UQdA uMF* wFOD hoA qLA U0 hoA
uI( UQ WMJ UN X U WuMF* WOBoA UN sJ r u Uo_ s
U?& j?I? f?O? q?L?A? U?0 ?B???* n?dF r UeU D{
W?1d?' X?d? d?O?D?) d?_ r?zd' B U?C? U?/ b<U
U* qO vK p w U0 W qQ uU w UNOK uBM* pK UNQ dOD)
Uo_ w WK_ w dA* dO U& U WLEM* W1d' WDA
a nD) e gG UH WdA UC_
u_U WIKF* WOMF* dOb UB u_ q rzd dQ r
UNbo le* s UQ Wbo* UO_ _ W1d' B
U?o?_ u?I?? d?{ U?O?_ u?_ pK UB r W1d' w
WOM wM

W?O?d WOUH UNMO ULO Xd b WOdF b Q UM dQc UMuH

b?U?F o vK w U WOKIF dR* b< WUJ*
UF WOb UMOO
b?O?L?& U?J? p?c?Q U?B?* U?O?_ w? d?B WOHOQ `zuK XMO ULQ
U& W1d WKB X U Wb rOK vK UNUB UNOK e( u_
W?O? d?A? d W rOK vK WJd dOD) rzd' s W1d
U?C?_ b? s? W qQ w WUQ hOBo vK U* XB .d
U?u? W?O?U?* U?O?K?L?F?U? W?mU?) U?N?K?O?K?% UNK UuKF* wIK ho
`zuK tOK hM U* UI UN WB< UDK
UQd WU uM UNMO s UNDA WOU* UR* U* d
W?O?U?M?B uM U uM d UOFL Trust X?d
WOU* _ dUL wb u* vK WOU Ub .bI uI WR
a WdB uO e* dUL
W?mU?) o?zU?u?U? U?H rNUUO LF WOBo s oI XMO r
U UIOI% Ud% u WU w W UuKF* .bI r rNUOKLF
wM bIM WbI WOKL s u/ q W WOzUM WOb d
u? l? W?M?O?F UUO u wMu uUI w 5F b s be wM
UNOHu WOU* WR* WU WuA* WOU* UOKLF UIHB s
W?O?u?? dOD) d_ rzd' b<U U& w WLU* w uu*
UOKL s UuJU Udb UuHu t lKDC UL UNU pcQ bA
U?NUA n Wd d UNMO s UNUO dOb Uo p w U0 u qO
WOU WRLQ UNKL WU2 w UNB n U
b( d WuIM* tKU( UJOA u_ s u vK XB ULQ
`zuK tOK hM U WOdB* Wd WU b u vK wb UF vK
WB< UDK s UdO rQU; UNKD w UuKFLK WMU
`?zu?K? c oOD UC_ b `zuK Um c d) od wmu
w? d?L U?d?{ p? U?Q U?LKQ UNKbF W WHB UNO dEM U
b?e?? U?I? U?MOL bI l u_ qO lM w UNOKU UNIOD
u?_ q?? rzd WUJ qO w d)U 5uI UH UCI UN
U: c w bb' VOU_ UU& WAUM pcQ

q?? .d??? W?mU? U?mu?B? wUU WOdF WOUH XMLC b

s??d????* U?d? q?O?? w? p? c?I? u?_ U?B? u?_
rNu d dF w WdA* dO rNd s WOKIF dR* b<U
u?? w? r?N?KGKG w WOU s WOd rNDA w dL w
wUU rNI bF 5uI UH U s 5u* U WdA*
d WOU s rNu UB rNLQU
U?H? u?_ q?? .d?& v?K? WOdF b WOUH X b
UNJU UNUQ UJ UbB qOKC UNNu9 cI u_ WFO
u?_ c? l??? s C dAdO od s bL UNQ rKF l
W?O?d?B?* ? vK  WmdH WU d{ UNUB
U? w d_ b 5 UF WOL XMO ULQ WU WOU*
UNU UNO dB WOHOQ vK hM cI u_ UB
WOdF ZOK) b UF fK b vK_ fK: bm ULQ
o?u?* ? u? w?u? j?I? w bIFM* t w
b?u* Ud uUI UEMU d WM dL \
WOdF ZOK) b UF fK b u_ q WUJ*
U?N? UNDK UNKJ dOOG UNKu% UNKIM u_ q k
U?J? U?b?B? U?H? U?NNu9 UNFO UH dG WdA u w
UI XUQ u ULQ dNE YO UNO dB UNQd UNOJK UNUQ
d?A UbB rNu X U .bI s 5KUG sJ1 dA od s
u???Q U0 lL r UNUB rNI s uM wUU dC bM
UNM bL* WDA WMU WbF dO uF c w p u s
bK UB UOJ bH u_ c

wdF uUI dA WUOm UU WBBo* WMK bL pcQ

f?K? WU_ WFU u_ q WUJ* Ud wuLM
WOzUNM WGOB w WOdF b WFU dF WOKb
ULU Xm UC_ b UdI UE u{ w dALK
WOdF bK u_ q WUJ* Ud wu/ wd uUIQ

dJ WOUMB l b uN YU Y*

dJ WOUMB bK wU* UEMU XI( w dOJ d{ dE

U??d? U?O?UD WOJd_ b* Uu w u_ q d s

U?u?J? U? r?? c UOU* bMQ b* WJKL* UUO
U?B?? W?L?I? d?9R? w? WO_ U% WM' fOz b c
q WKJA0 WM uOu w fU w uIF* dA fU) uM
p q s uuQ b<U U& s bL* pK WmUo u_
wU* qLF od r odH c vK oK UNO dEMK d) s UId
Financial Action Task Force (FATF u?_ q?? WLN0 U)
q WUJ WUO duD ru odH c qOJA s bN
UbB UH tuL WOd bzUF l qUF WUJ u_
v? u?_ c u lM v U?C? W?U?O c bN dA* dO
pcQ WOd WDA w I

UNbo lM 5d: s UNUm

U?N?O? q?G?K?G?? od s WdA* WUB WDA_ YuK s UNFM

a?U?? b?I?F?M?* t?K dF WOKb fK o

u_ q WUJ* Ud wuLM wdF uUI vK r dI
aU dF s_ WdA U d9R s bLF* tGOB

d{ UNUF WHKo WOuU rE b v wLM wU* qLF od

d VU s qO c w WUO l{ u_ q WKJA W'UF*
5uI UH WOU* WOuUI wuM w
`m YO UJ WF dO d odH c v XLC
odH c W tKOJA s uM X bF tO uLM sc b
UQ U tU WHB u_ q vK eQd c bOu wb UN' u
5F _ tU w FATF  d b wb lL: w UbB
q WUJ w WOMu dOb oOD bM UNUd tzUC vK V WOmu
wb U: w wMu UDM vK p UQ u u_
U?L?EM* U l qL U?F

U?OuJ
b?O?Q? odH c v b
c uI UuJ( U WdA WbF U 5UA WOU*
FATF inter governmental WOuJ( WuL: v XLC w UuJ( b
X???m ULC cN u_ qO WUJ* UUO l{u WmU) body

b?M?Q U?J?O??K? U??L?M? U?O?d?? w? w?b lL: q9 WuL: c

du bMd bMK !uQ !u UuO UOU* Ud bMKM U/b
UOQd UOU uUGM UGd ZdM bMKuO bMu UUO UOUD
k bu uLQu WOJd_ b* Uu b* WJKL*
WOULA UJd U w dJ WeQd* WOU* b WuL q9 b c
U?F?? f?K WO_ WMK UL UO ULEM tO XLC ULQ UO
Gulf Cooperation Council wOK)
WLCM* b XmQ 5B qd 5M p bF tO XLC r
W v
u_ qO WUJ* UNc V w uNK U uF_ UOmu XL
U?N? W?O?zUM' WbF UE XKL UN ULQ w*U oOD UN uJO XLLm
W?N?u? S? UBU wb UF tz wU* UEM 5uI UH
UNF{ w UOmu w XJF b WLN* u_ qO WUJ Vu qQ
Y UcOHM vK odH oH w dOb rC w WM wU* odH
UUL vK b

oI t ULQ U qQ UNM qJA* b UU*d vK uN dF odH

rOOI U _ tU w 5F_ tUOmu d bF WM qQ UuK

UbI
tOu tO UC_ b v VK wU tU w UOmu cN w
UN UNU b0
bu tUOmu b c U b UU odH U YU tU w
U* hH U9 odH lu UOmu c UU XU l
u_ qG bb' dD U w odH dL b WOI WMU
s?LC UN dD cN WKB WIO e UN s bQQK tUOmu rOOI
d?O? d?_ b? U v? o?d?H? w?F?? b?? U* dU dOb
WOdF b U w YO( wF c qO s tUOmu tO UC_
ZOK) t XO WuF WOdF WJKL*U UMOL bI s odH t UU
u_ q bB UNUOmu cOHM v b c ub WMK XU X
c l oH U0 UNUO UNMOu oOM vK p vK b c XIu
uM UL vK WdA* WOU* eN_ bm pc cOHM UOmu
ULOLF wULF eQd* pM bm L

UOmu cN c UNUNOu
v?u?? u?O?u? w? WdB UR UL UQd uMK
bm pcQ UOmu tMLC U oOD u_ q UOKL s c(
WOU* UR* v ULNULOKF uF bIM WR eQd* XuJ pM
U?O?mu?? l? o?H?? w? u?_ q?? W?U??0 W?U?L?? WOdB*
5F_
U?H?? W?O?L? U?L?Q? U?U?? `?? b? q?OLF WOBo bb% UNM
fL s qI b* WO XUQ WOK WOU* UOKLFU WmU) U
5Hu* Vb WB< UDK v WuA* UOKLF s uM
W?d?A?K? W?O?b? U?L?E?M* UF fK 5 wb UF 5OU*
u_ qO WU U w wQdL' UF fK UdO

b?< u? q?? v?K? WUJ* w uN odH dBI r

X?? o?d?H? U?C? k?? l? d?z c?o? t?M?J? U?b
p? v?K? U?Mb ULQ WHKo WOU WOuU rE v uLM sdAF
c?o? tMJ1 WOzUM' WOU* WUO q sJ WIUD dOb co s
wU wuU UE s qLF w tId
c? s?L?{ W?K? u?_ q?? W??U?J? Vu qQ k
U v s tUOmu qLF od l b UOmu
b?M? UNM iL U dHO bb qzU d s b U UNMLCO

oOD
o?? ULQ WM XF{ b UOmu c XUQ t
u?M? X b U qLA WM Xb?
UN UdQ
uJ v u_ q WKJA vK d w dOG fJF WIU
uUI UH eN WOzUM' WbF rE qLA UN_ UO*U oODK W(Um
s? UQ U: c w wb UF d?O tzu wU* UEM
U?C? r??N? b?< u? q?O??G? r??N? U?L?Q odHK WKJA* UuJ(
nD) e B WK_ w U&UQ d_ rzd' B0
B0 rN wN a dUN* WULF w UH_ UMU U&
WKI qLF u_ qO w WBBo* UN' _ p rzd' u lOL
FATF  WMK u_ c UNM WKB* rzd' VJd w ULEM* s
s? bL* u_ qO b{ WLEM UNMJ b< WUJ* WLEM XO
s? b?L???* u?_ q?O?? U?Q t?Q? d? pc dOD) rzd' qQ
WODG U vK qLF dL UN UNKLF dQ_ bN qEO b<
UNM bu w rzd' s UdO dOD W1d qQ s bL* u_ qO
pK WKU2 b< uQ WmU) qOG WOMI WOL_ s b vK u

d_ rzd' B qG l w

W?O?U WOuU U?L?E? Z?N?M? b? q?LF od b Wb cM uKF*
qO c w WIUD dOb UNKQ co sJ1 wUU WHKo
UF UcHM bK qLFK U u% UOmu S p vK
w qb r WU U wN wUU UdOU U w WmU) UNdE
WHK< b VU s UNIOD b Wd* qHJ wN pc qOmUH
W??F?m b?I?F? X??O? U?O?mu w UNOK uBM* dOb
w ub Wd uF UN ULQ UNIOD WOUO UM XU
W?d?{ dOb c UB uLM bN WdA UOKL
u_ q b{ UF
U U Wdu
uF_ UOAu tMLC U
tMLC U r s UQ UOmuQ d 5FQ WMK Xm
U?F? q s FATF U?u?J Xd?
b?I? u_ q .d&
b?<U? U?& W??U?J?* U?M?O WOUH w ULQ u_ q
b Y% wUU w WOUH c v UNULCU WOKIF dR*
lu vK WOMu WOzUM' UNUFdA w hM Uc c% vK
s? u?d?: w?M?? w rzd' qJ WMU u_ q .d& w
WKUH dOb s co W qQ vK V dOQ u UNz
u?_ U?B? U?N?D??{ u?_ p?K? q?m vBI t lODU
WLEM W1d s WKB XUQ WmUo WuG*
U?H? U?N? 5 UF lOA V uM UL s Wd l
UF cN d WN s WOU* UR* WN s `zuK 5uI
U? v UuKF* UA s WOu W b{ WOU* UR* vL

s uKLF uU U?uU p w 5U* `zuK 5uI UH

UOmu cOHM Wd b uF V wUU WO
`?U?J? U?O?UQ fO W?u??A?* U?I?H?B? s? ddI
v?K? U?) U?DI l{u V sJ u_ q UuJ(
V?F?K? s?J?1 WOU* UR* uMU U?C? WNu* j
s oIK WMOF d b ldA s p U: c w UOOz

U?H? u_ c s sbOH* pcQ UNF 5KUF* WOBo

UIHB s dOJ WbIM UIHB p w U0 WUM ozUu
u q b{ WUM dU ZUd b V ULQ WuA*
U: c w WOU* UR* uM wHu Vb WUHQ
U?O?K?LF u_ q WUJ w b 5 WU* bU*
u??d?: U?Q W?O? u?J? U? U? u?_ q??G? d??J?
d b UC
b UF b_ sL UF qLF w uUF
bULK WuA* UIHB s UuKF* U FATF  UuJ
w?L? U?F? UU XU cI U* UB j{ l w
U?L?K?Q u?_ q?? d% qd s WKd qQ w wL dO
W?M?? U?M?O? bUFLQ WOb bUF* v b s dQ b rC
b dQ uJ u qO c w uN' S
UNL rJ ou UF dO WKUF qQ w WuA* UOKLF UIHB
U?F??* d?O?UF* U& qOLFK UB UAM l Udu UNBzUB
u?I? v? b?M? `{ wuU U v bM u w UNOK
p?K?? d??I? W?dA dO WDA q9 sJ1 WOL Wum UF
dA s nUFU WmU) U* w ndF c l UuL WDA_
k U WIM* tum w UH WUJ* b* 3_ WOUH
s? U?KDB* ndF WmU) U* sL{ ndF t d r `KDB* c
udOU WOMu d WLEM* W1d' WUJ* b* 3_ WOUH

U? d? W?M??K UNF{ v UOmuK WCdF uD) w pK

WOBo s oIU WOU* UR* uI U UNUOmu u bb s t X
b WuA* UIHB s mOKU uM uI U UNOmu qOLF
dOb Uo l p qFH uM WMK w UC_ b rEF XU
rNH ud: Udb WOU* UR* s bQQK W
cOHM WUHJ WOU fL) uM fdJ UC b d b
d?O?G?? q?L? u? q?? U( w c_ l 5F UOmu
v?D?o? q qC U vK uKLF 5d: Xu l uK
p l Wb bF 5F_ UOmu S pc rb{ Ub uD
oOD l U0 UdOH vHJ td UH UF tuB wN
Y?O Xb?
b? WM v 5F_ UOmu k
WIU uM X WuL: UNQ w d) WKOB XMLC
UMb ULQ u_ q WKJA w X9 w dOG* UC XJ
o??D?M? w?U* UDIU WmU) UOmu Q FATF ? d L
b?I? U?N? W?O?U?* U??R?* s? s?J r v UN' vK U?C

qLF BUREAU De Change tKLF b VUJLQ WOU Ub

l?{ bM U?L?K? U?N? j?% r w UUDI h vK U?C

FATF 
u Know Your Customer pKOL d b UC U U s
b? W?O?L? ULQ XUQ WOL UL?F?*
U?U(U tKOL U dF

u c bB dF tS t UuL UQ c q u_ qO vK

UMb ULQ t `L w UR* w u_ qOG
d?O??J? U?b? u w WuA* UOKLF UIHB s mOK
L oD dO t 5uI iF uB w uu UQ

UL_ UN bo n d w dEM wN 5F_ UOmu

WU CASINOS UuMUJUQ u q w WOU* WGB dO
b s Ub Xm v WKLF b uO WONOd lK
UNId s UNu qG WOd ULEM*
dO d_ b U vd b UNKL FATF  b b
u?_ q b{ UuN b9 vK qLF u pc UNO UC_

ULK

UO*U
U u_ q n uJ V wUU UNKLA
U?M? X?U? bIF oOD WFm XO pc WOU_ dOb Q
v? W?U?{U? c? U?M?b? U?L?Q q?L?F? c u WN WOUO
dA* u bO w qLF Wd f9 u_ q b{ d
`?U?J? U?J?0 W?O?L?_ s? t UB uD uF UN ULQ
p? w?b? w?U?* U?EM od s u_ q wb lL:
XKB U0 UL s rEM* d UUL jI sJ1
uG* U*
U vK uB( vK UNFA U/ W1d' d s qN ` s tOK
c UL U s UNMJ1 pcQ WdA* dO UNUL d s d
d rzd w U*
r?E?M?* d? U?U?L? v?K? wb lL: dJ p vK
UD U q1 c U WOd UNU& s bL* UNUQ UNUL
WUJ* uJ V UAM s uM c q w do s UN
w? W?O?dI1b URLK d?OD

b?b?N q9 UUL' c U

rUF
u?_ q U w UuD d VOU uKF* s
d? c? U?U?& v?K? uuK UF V pc b bM nI
WUJ* UOb dOUF* vK uu dC s UQ UM s tOU

UB* w WuA* UIHB

U?Qd?A? b?Q UB* s WKb WOU* rEM od s qGU?OU

UQd 5Q UQdAQ WOdB* dO WOU* UR* WOLu

WOU* _ dUL Xd
u_ q w Xd Ub G UU

d?O?U?F* bb  rE rOOI FATF w?U* qLF od U

l? U?F?U UN qLF dH w WUJ* dOb UUL V w
uOu sd bB U1uI

F
odH d b ud
dD XuJ s qQ bB U1uI dO
sd w WUJ* bB uK( hoK
s? b?e? w?Q w?U?* U?DI tOK uI c wzUu b eeF ULN
UB* d u_ q WuFm
u_ q WDAQ WmU) WOzUM' UuIF bbA ULNOU
s?U?B? 5?F_ UOmu w u{u d_ c b
c? w? w?U?* UDI UNMO s WOmu ZUF wU* qLF od
u Wb WOMI qzU s uKUG co U U w c_ V
qzUu pK q od s rNUJ
bIFM* tK d
co b WuF WOdF WJKL*U u fK k
c? d? wU* qLF odH 5F_ UOmu oOD w
WuF WOdF WJKL* bB U1uI duQ w Ub odH
uM fL qQ u_ q WUJ w tUO WFd0 odH c uI
d{ UM UQ U UC dI UNMO U v tKL w dL u
dL

w?u?U?I? U?A?M? e?e?F? d?_ U?O?mu?? s? b?bF ub qO

WU* WOuUI bU*
bF 5 UbM t q b( c bM wU* qLF od uN nI r
WOJd_ b* UuU WM dL s dA U( b
bm c b< u q U qu9 5 bOQ WKm UM
UOmuK UC bb UOmu UL WM duQ w odH
UL_ U qu9 s nAJK wU_U WF{ 5F_
UNUJ WOU
u? v?K? W?U?C?* U?L? UOmu s v_ WOmu XBM
W?M?? b* 3_ WOUH vK WUBLK WuH uD) W qQ Uo
b vK V qUJU UcOHM U qu9 lLI WmU)
WOU UL_ qu9 lL lM0 WIKF* b* 3_ d u cHM
r s_ fK d WmUo
s? tUB U U qu9 .d& vK WOU WOmu XB
WOU UL_ U .d& W qQ vK V UNuI u q
WOU ULEM*
q rzd WU0 bF rzd' c vK bQR b vK V
U?J?K??2 U?B? b?O?L?& v?K? W??U?? W?Omu XB WOKm u
5OU u bOL dOb Uo W qQ vK V UNuI U
U uu1
sc p u pcQ dOQ d_ rNUJK2
l?M?0 W?I?KF* b* 3_ d tOK hM U* U?I? W?OU ULEM*
cHM dI UC W qQ vK V WOU UL_ qu9 lL

s WB< UDK sJ?1 U? WOFdA dOb p w U0 dOb s

U?L?_ U? q?u9 bzU s uJ c U* UB j{
b?B?I? d?G? c? w? b?o??? W?O?U? U?LEM* WOU
dG c w bo tBOBo tbo
W?I?K?F??* W?N???A?* U?OKLF s mOK vK WFd WOmu hM
UL_ U s UdO WOU* UR* XN UNuI UU
U UNb UQ u_ q WUJ0 eU lKDC w UN'
w bo bo UN oKF WKB u Q U uIF
m?K?? UNOK V WOU ULEM* WOU UL_ U
WB< UDK v rNU U u

V t vK hM wb UFU WmU w WU) WOmu U

bUF* s U vK d_ b s UdOG bI W qQ vK
UuKF* U WU* WOuUI bULK d WO UOd
U?I?O?I??? U?d???U? o?K?F ULO bU* dOb s sJ1 U vB
U?L?E?M?* W?O?U? U?L?_ U? q?u?L? WmU) d
WOzUM d UIOI Ud c XUQ u
WOU

W WOb
d?u? UN s bQQK WMJL* dOb Uo UC b vK V
ULEM* WOU UL_ U quL 5LN* d UM QK
Uo_ R rOK UJ d UNb WOU
V UNuI quLK WKb VOU_ vK WU WOmu hM
5?O?F?O??D? U?o?_ s bQQK W dOb Uo W qQ vK

UO_ uIM qu% Ub .bI uuI Qu p w U0 5OuUI

d?O? U?E d WLOI UO_ u_ qu% p w U0 WLOI
v?K? u?B?(U? u?e?K? U?B? W?J?? o?d?D? quK wL
wU* odH UOmu lOL' uF{U rN rNUOKL qO hOd
WOdB* dO WOU* UR* uM vK oD w
5?O?u?UI 5OFOD Uo_ s bQQ W qQ vK V
W? e' uFCo WOd dO WIdD Ub) c ubI sc
WOzUM WOb
vK V UNuI WOJK u vK WFU WOmu XB
UR p w U0 WOU* UR* WUD* W dOb Uo b
u?I? s?L? v?M?F? W?I?O? U?u?K?F vK uB(U u_ qu%
q?B? U Wu; u_ s U( r tuM tL quU
t? W?K?B??* q?zU?d? qu l UuKF* c UI l qzU s UN
lb WOKL WKO
UR* s bQQK eK U dOb s co b vK V

U?H?J

b?m
U?B?? d?& u?_ q?u?% U?R p w U0 WOU*
s? W?K?U?Q U?u?KF vK u% w WuA* u_ qu% WDA_
U( r tuM tL u;

w U0 `dK WOUdO ULEM* vK WMU WOmu hM dO

5uI W WUHQ b WFd b vK V UNuI WdO) p

U quL UNG sJ1 w UOFL' UN'U WIKF* `zuK
b vK WmU WHB d_ WKN `dK WOU dO ULEM*U
UN' c bo U t s bQQ

WdA UNQ UNH dF w WOU ULEM* VU s

dN bBI U quL uMIQ WdA* UN' G
u_ bOL& d s
X% WOU ULEMLK u_ qu9 Wd s dEM UF UH
WdA d U
r? u?d?*U UB uF u_ q WUJ UE u b
UOmu c l ou* w
UAM vK h tM v_ U* w wd UAMK tHdF wH
UEM dA o UNOK UUF W1d qJA UA qQ u wd
WOU ULEM* WOU UL_ U qu9 p w U0
t vK h WOU U* w u_ q W1d' WuJ* UF_ tUO bM
WO UF_ s U qF s qQ u_ q W1d UJd bF
s? W?&U? U?N?Q? t?LK l B u_ WOKL d
wUE dO dA dO bB wd UA
UNEH UNbo UNUQ B u qI
bB wd UA s W&U UNQ tLK l UNKu% UNOIK
wUE dO dA dO
UNQd UbB B* u_ WFO tu9 UH
W&U UNQ tLK l UNO dB WId UNUJ UNOJK
wUE dO dAdO bB wd UA s
WOU ULEM* WOU UL_ U qu9

uA* .bI id bU* UH odD d

U?J w dA d Ru qON `BM
U* c w UNOK uBM* UF_ s qF
WOU* dO WOU* UR* vK t vK UEM s U* hM
WLo{ bIF WIHm WOKL d vK WOUQ qz dR du bM
d?G? U?NO U u UNA uJA dO WOKL WOFO dO
WOU UL_ U quL u_ qG W UN UNM
WO d Uo v U WOU ULEM*
s dA WU( U* w UNOK uBM* WOU* Ud b
u WOKLF pK UEM c
s? U?N?b? d?u??* U?uKF* UUO lOL sLC ddI b
t Ud b be WKB d_ UOKLF pK
q?u?9 U?u?m 5? s? u?_ q?? W?1d vK UEM VUF
b?e? b? s??U WOU ULEM* WOU UL_ U
bS U 5 WL vK be w WdG uM dA vK
UB* l 5uIF 5U
W?M? d?A? f?L? v?K? b?e? b? s??? w? WuIF uJ
s? Q? W?1d?' X?d?? U? 5? WF vK be w WdG
s W1d' UJ U( c 5 s bA dEQ WO U(
W?O?U?L Wb od w WOLOKF WdO WOm WR
UEM s WKU2 rzd w UmuB uF WU w

U? q?u?9 r?zd? U?N?M?O? s? u?_ q?? r?zd k

d dI UI dOJ rzd' s WOU ULEM* WOU UL_
w?u? U?N?O? o?O?I?? S p vK WM r WOKb
n?O?u??K? W??u? w WLJ; v WU q U?O?B?o? rN* uC
UNO UF U oOI UF U oOI WO vu wUO
UEM s UNO qBH UdEM dJ WLJ; ho

wb u* vK b* 3_ b uN ld Y*

wb wzUM u* vK b uN

W?O?zU?M? U?O?U?H? d? s? b???* WJKL* t XUU qOI c s

d?_ b? l? b<U U& s bL* u_ q WUJ*
U?O?U?H? l?? W?M v Xd UN ULQ WOUH Ub mK
bL XUQ UNUB vK qLF cI u_ US WmU WOzUM
rzd' u v s
WOUL' bUF* s WOKU dQ UOUH s uM c k
W?O?F?d?A?? U?N?U/ WOU s WHKo b 5 bIF dO_ c _
b?b?F? s? UEH s dOJ UNUOm UM qB% pc UNUNu
u?% b? p?c? U?b?I? r?? w?J? j q od s q b? s
bb% W dQ U uJ WOzUM U WCU W{UHC UmuB

u?K? U?N?'UF* `KB bI?F?

u?_ q?? WKJA k
qUQ UF 5( 5( 5 UNB U v UNDA U% U/ WOMO
d_ b w WKUI* eN_ s UdO WOMu WOuJ( eN_ 5
UNUJ w UMK UUL{ UuKF* d) U

s? W?K?J?A? W?M? W?O WUL qO c w XA b

(Financial W??O??U? d?U?o? b? U?N?b? w?? b? r?E?F? w?K??2
WUL w The Egmont Group r UNOK oKD Intelligence Units)
WdA UN bU w U vK WOU* dU< UuKF U
W? b?& v?? U?u?K?F?* vK uB( vK WOMu WOzUCI UN'
bo 5uI UH oOD vK bU wUU U: c w WuFm
hM U Interpol udUQ WdAK WOb UB rE p w
WLzUI WU* bU* UOUH tOK
U u b b 5 WOU* d) U bo uF U2
o?zU?u?K? W???M?U? U?B?* w? W?d?U e pcQ UNUFdA 5
W?U? W?b? s?J?1 w?U??U? b? i?F? w Ub bM*
q?? 5?u oOD UNO Wu?? u? q W1d w WOzUM' ub
d WUJ qO w sUC _ 5bN WOb WdA WLEM XA
b? w? W?d?A? U?N? 5? U?B? 5?Q? wU wb u* vK
f?U? W?L?E?M?* d?I? q?L?F? V?O?U? U?uKF* d) U WHK<
W?L?EMLK W UNO rCM WM wU( UNKJ w XLE

W?U?F WU_ UNMO UB WNdF UNO UC_ b b WOM VUJ

w wU UNUE s WOU ULK UI WLEM* UN hoK WLEMLK
t??O?L?M b nKo w WOzUM' WdA UDK 5 U* UF 5Q
U?d? l? b? v? w WID* 5uI b w sJ2 UD l v
WM U uI( w*UF w WUF U*
U?U?M?' l?L? l?M? w? W?U?FH WLU* vK UI eN_ duD UA
`M'
u_ q WUJ0 ULU d ud UC bm WM w
rOK WuG* u_ UB tUJ* UFdA bm v b U
tO 5u* 5d:

e?O?& b?U?F? W?O?F?d?A? dOb u b V b u

UR* s UdO uM ozU vK UuKF* v umu
WU qAH pc u_ c UNM Wu;
b w WOdB* dO WOU*

U W du bF ub c q

q?? W?U? b 5 WOzUM UOUH UM uJ V pc
bL* pK WMU jI fO UNM UuKF* U UNUB u_
v s tKB?; pK WMU U/ b< w dA* dO U& s
rzd' u

wb u* vK b* 3_ uN UOU

W?UJ qO w U& We b* 3_ VU s uN' c

u_ q
(The Global u_ q WUJ* w*UF ZUd UUA _ U&
programme Against Money Laundering) (GPML)

UNML{ w WOb WOUL' bUF* s bbF UNd wU U&

UNM u_ qG WmU UmuB

UMOO WOKIF dR* b<U U& WUJ* b* 3_ WOUH

dLu s U cHM*
udOU WOMu d WLEM* W1d' WUJ* b* 3_ WOUH
t?u?B U UH WUJ* b* 3_ WOUH dA
WIM*
u_ q WUJ* qUA ZUd
o?d? s? u?_ q? WUJ w U??O

b?N? b??* 3_ Xc

q?O s bF rEM* d WDA U vK WLEM* W1dK UNUJ
q b{ w*UF ZUd QAQ qG q cI ULK WOU_ bd

5LC UC_ b b* 3_ bU ZUd c od s u_

W1d' c WUJ* UO duD u_ qG WmU UmuB UNMOu
q?K?? u_ q b{ WOzUM' tUO duD ZUd lA
u?N?L?' b? w?u? Y? UN uK( bu WUO c JA
W?O?b? U?L?E?M?* b???* 3_ d?I 5 oM qOG c b{
.b?I? u?_ q?? W??U?J?* W?O?b? WOOd sLC d_
W?O??b? u*U beK qL rOEM WOUM bK WOMI bU*
UuKF* lL u d UB UN 5 d) U
ZUd c bm b
WM W1d' B u_ qG wuLM uUI
wb UF W1d' B UB qG wuLM uUI
WM qO c w
WM WOzUM' u_ w WU* bULK wuLM uUI
WM qbF rOKK wuLM uUI
WM wM_ U wuLM uUI
d?9R d bL b WM b* 3 WUF WOFL' XUQ
f?D? UuQ UUU 5d: WKUF W1d' lM* sU b* 3_
UL UNMO s dL
5d: rOK QA WOu/ bUF0 d
u?Qu?d?? WOzUM' qzU* w bU* U QA WOu/ bUF0 d
WOzUM' qzU* w bU* U U) bUF* pK oK* U
W1d' bzUF WIKF*
WOzUM' qzU* w d qI QA WOu/ bUF0 d
u?Qc?* d?9R?* d? W?u?L?? s?L?{ WbI* bUF* uB l
1CONF.144/28/Rev1 r WIO uuOM b* 3_ uAM
wu vK \ \

WOb bUF* w u_ q rzd vK hM

q?? u?_ q?? d? WO WOUL bUF w h d r
d?R?* b< w dA* dO U& WUJ* b* 3_ bUF
b?U?F* c XUQ t W?M? d??L? UMOO WOKIF
b?< r?zd? s? b?L?* u_ q vK UNmuB uBI
q?? W??U?J? q?O? w wb u* vK WLN uD bF UN
pcQ \ UNM \ 5ULK UI p UNUB UND{ u_
U: c w b 5 UF qO w
q? `KDB UNmuB sL{ u r WOUH c XUQ t
U?F? U?* w? UNOK XB w rzd' sL{ UN u_
bU* vK U* w u_ c UB vK XB r u_ q
c? .d?& b? v? XK bF p U* w b 5 WU*
bL UNUJ U w wKb UNuU U w UF_
u_ q W1d XUQ U u WOb qU; w UI U b
c v XLC b WM dLu w cOHM eO WOUH c XK
b? U?L?O? Z?O?K?) dB UNMO s W \ dLu v bUF*
U& WUJ* WOdF WOUH v XLC b dO_ c XUQ XuJ
WM WOKIF dR* b<U
W??U?J? b?U?F? w? u_ q .d WmU uB W d r t k
W?M?? b?o?L?K? b?O?u? W?O?UH w WM b<
WM WOKIF dR* WOUH w WM uQud WbF*
UNGOB
W?O?d?B?* W?d? b qJA Q UNO WLCM* b WOUH c XU b
UNM WLQU; UNO oOI u_ q UF .d& UIzU

u?J? UIFK wHJ t UNOK UIF UJ WbL uJ V

dQ b ULS UuB qG v c wU' UA
U?A?M? U?Q u? v?? u?_ q?? v?K? WUF* b iF d
W?U?M? c? U?N?O? V w u_ w dQ b ULS U?uB

b?F? d??u? UuIF uU VUF du b c s dQ

U?L?NO U oU U?U
dJ U?OU
d?J 5U* WU{
bL

u_ q vK U w UB uUIU 5UC*

WOU U* w WOU* UOKLF w d b vK ULNM v_ U* w
W1dK WbLF dO uB
qQ bLF u_ q qO s bF UOU
dJ ULK UID

u?_ b?B? b?b?% W?u?KO( tQ s U?U?A? V?Jd s

U? U?M? W1d s bL UNQ tLK l UNUB Ud
pcQ UNQ UI vK tKL
WLEM w uC wU' UQ WOU UNdI w UIF U* bA
u?_ q?G WLEM WHB UOIK WuJ WUB w uC WOd
WdQ gOFK WKOuQ pc uI UQ
u?_ q?? W?1d? q?F? u? u rUF w VUG U& sJ
b* 3_ UOUH uB tOK d U c WbL UNO WLU*
UMb ULQ WHK<
b< w dA* dO U& WUJ* b* 3_ WOUH s U* l
s U* UbB s w WM dL UMOO WOKIF dR*
dLu WOMu d WLEM* W1d' WUJ* b* 3_ WOUH
U WIM* UNGOB UH WUJ* b* 3_ WOUH dA s

 r Ud b* 3 WUF WOFL' bm WM w

X?I?u w WOMu d WLEM* W1d' WUJ* b* 3_ WOUHU
w? W?O?KIF dR* b< WUJ* b* 3_ WOUH l XIUD
U?* w cI ULK b UUU WOKm_ rzd' bzU q .d&

U?N? u?I? w? WOd WDA_ s bbF UMO?

o b U?NM
U?F?_ 5?? w?? U* uB UMI ULQ WLEM* WOd UUL'
u_ q qO s bF w
W?O?U?H? s? U?* U?N??d? U?LQ WLEM* WOd WUL'
U?o? W?? s? WHR wLOEM qJO WUL qQ w uQc*
b? U?J bN dUC uB qLF se s d dL dQ
q s WOUH cN UI Wd: UF_ dOD) rzd' s dQ
d WU WFHM WOU WFHM vK dU dO dU qJA uB(
U?U?MF oU ndF w u wLOEM qJON WUL'
eK U d' uH UJ dG UOzuA WKJA* dO WUL'
UNO rNuC dL U?OL b UNzUC_ uJ
wLOEM qJO uJ

s t Xb U WKB; u UB s b< WOUH tOK XB ULQ

u_ pK w dBU oKF ULO b 5 UF vK UNd u
a 5d: rOK w WU* WOuUI bU* w
5OU qLA UNMJ U vK UU oDM udOU WOUH k
W?1d?' h?zU?B? `?d UNM dG WLEM WOd U?L? udI sc
w WOUL WLEM*

qG q u_ UNM bL* rzd' WOKm_ rzd'U bBI

UMb ULQ wKm d WFU W1d ULz u_ q W1d _ p
u_ qG UIKF WOUH c w bb' U sJ
u? s bL* u_ vK u?BI fO UNO u_ q

WM b< WOUH w u pKQ WOd WDA_ s 5F

WM udOU WOUH s U* Xd pc
U?N?O?K? q?B vQ UJK2 t?Q? r?zd' bzU dOF
WOUO VUD oOI wF tb uJ wuub UL rOEMK uJ
WOUz WL UO bU wdN b vK WLzU WOLOEM tOM uJ
u?u?J? b? U?C?_ s? 5?F? u vK uBI b tuC uJ
WOBo U rNMO WMOF d v 5M
W?1d? UJ wUB qOJA d fO Wu1b WHm rOEM cN uJ
iHM r rzd' iF
d_ 5Hu* U qzU ud dA*dO nMF bo
tzUC 5 qLF rOI hBo vK ULzU uJ
d rOEM Ud fO tc ULzU

I uJ
U?N?HUo s* WOU UuI sLC WUm WOLOEM buI UuJ uJ
ULJ vK ULzU uJ
UUL' UU{ s WO{ UQ c wUD w{UI wuJU wUuO d
VJd UDO

UOd

ULOEM

XO UNQ WLEM* W1d' d

U WLEM*
U??* r?C? o?K?G? p?UL wd lL UNMJ db dOJH bF tLzd
w? u?) v?K? b?L??F 5d; 5d: s UO_ iF w
eN_ s lL d vK tLzd VJd uKI w Vd Y b_
c?K? f?M?'U? r?N?U? q?G? u?I?M?U rNu q bF WcOHM WOUO
wd tO ULC d 5 tLJ uUM UOU* lL lCo d(
tDA s UDK mK tOK do s0 qOJM tL vK ld tO

(Commission U? W?1d? UJ s dU dO dU qJA

(Any W1d tQ wKm_ d' Xd ULQ of an Offence)

V d u{u `B sJ1 bzU UNM XQ Offence)

u? q?? W?1d WOUH c s U* w u ndF

b??? s?J?1 b?F?? r?EM* d WDA _ wFO c

uM c UNOK uI w WOd U U w bb WDA
d? c?N? W?b?O?K?I?? W?DA_ UMO o pc d s
nM ULF U s bU* WDA_ Wb* WDA_
W?u? J?* U?F?_ v?K? W?O?U?H s U* s _ bM h bF U?OU
wK U vK d_ b UNM bM w X u_ q rzd'
d??Q v?K? U?* s? b?M? oOD v d W qQ vF
WOKm_ rzd' s WuL
dOD W1d qQ WOKm_ rzd' b w d W qQ b
U?F?_ W?O?UH c s U* w u ndF V
W?U?L? w? W?L?U??* U?L?C rzd uLK U?I? Wd:
WbF dO WKd rzd UH rzd WLEM WOd
WOUH c s

uUI tOK VUF Ud q1 UA UNQ dOD) W1d' U* Xd

U?* d?F b WuIF uM l s qI b* Wd( VK
d dOb WOFdA dOb s eK b U d W qQ bLF UNuI UH

bL VJd UbM UOzUM WOU UF_ .d

W?O?K?m r?zd? W?L?zU? U?N?U?FdA b% w d_ b U

s? W?K?U? W?u?L? v bQ WLzUI pK w b WMOF
WLEM WOd UUL WDd* rzd'
r?zd?' W?O?K?m_ r?zd?' q?L?A? WIU dIH d_
WOMF* dD WbK WOzUCI Wu U q WJd*
u?J? d?D? W?b?K? W?OzUCI Wu U WJd* rzd'
v?C?I0 U?Od

?F? W?K?B? q?FH UQ WOKm rzd

U?C? U?O?d? ?F? U?N?O? V?J? w WbK wKb uUI
c? o??D? c?H?M? w dD WbK wKb uUI vCI0
UNO VJ U*
U?N?M?O?u s aM b* 3 UF 5_ d W qQ e
5?u?I? c? vK dD dOOG W s aM? U* cN cHM*
UN nmu UI

q?J?A? U?U? tM tOK UN{d WI dO We0 wuL nu b

W?O d ho `UB tH nu* `UB u dU dO dU
UD sL{ U qLF UOI s lM1 U qLF nu* p uI wJ d
WOLd tUN tU2
WI dO We dU dO dU qJA tu wuLF nu* VK
p uI wJ d WO d ho `UB tH nu* `UB u
WOLd tUN WU2 UD sL{ U qLF UOI s lM1 U qLF nu*
_ bM tOK h U .d& vK b WOUH s U* s wU bM Y
U??H? um .d& vK qLF UO U?OM

U?H?u? UAM VJd UQ

n?u? t?Q? w?u?L nu dOF vMF U* s ld bM sO?
d_
o?D UL wKb uUI tOK hM U* U?I WU Wbo nKJ wuL
UNO WHOu pK Q wMF* hoA uI w dD WbK wzUM' uUI w

wCI dD WbK wKb uUIK WOU_ U* XUQ

c? s _ bM w WMO??*
rzd' vK hM u p
wKm_ d' uJ sc Uo_ vK oDM U*
d?u? e?K c dG bBI rKF dBM vK b
U* s U* c s bM w WMO* rzd' s d w
WOu{u* WOFu
W?u?MF* Uo_ WU u vK WOUH s U* XB UU

W?b UNIMF w WOuUI ULK U?F

U UOb UOzUM

UL UOzUM 5OFOD Uo_ WU0 p dD

rzd s ud
vK WOUH X u_ q WUJ dOb s UF

W?O?d?B?* d?O? W?O?U* UR* UB* vK wU UE UA

U?N?mU?B?? U?D w u_ qG W{dF* d_ UN'
vK bbA l u_ q um UJ lOL nAJ p
s? ? o?zU?u? ? kH qOLF Wu UKD
WuA* UOKLF
uUI UH eN WOUd W eN_ UHQ b WUHQ
U?DK UNO U0 u_ q WUJ* WdJ*
eN_ dzU

U?? UF vK wKb uUI t vCI UL WOzUCI

w dA UD w wb wMu sbOFB vK UuKF*
wKb uUI UN{dH
l?L?' w?M? eQdLQ qLF WOU Uo b UA w dEM
u q s tuB qL UL UuKF* lu qOK%

u?I?M? W?Qd? b?m n?A?J? W?b?? d?O?b? c?O?H?M? vK qLF

UUL{ u dA Wb b d bK WKUI uJB
d?A* U* WQd( WU UuKF* bo s
uB s um WQ
U??R?* d_ UO d dOb pK qLA u
s? b?I?M? s? d?O??J? U?O?L?J? q?u?% s? U WU
b( d bK WKUI uJB
ULEM* Uco w WKB U* uN'U Ud UU

u_ q WUJ* d_ bF* WOLOU_ WOLOK

W?O?zU?C?I? eN_ 5 wzUM wLOK w*UF UF eeF UU

q?? WUJ q s WOU* WUd eN uUI UH eN

u_
rEM* d UN c w qzUu s UH UdQ o b
WdA* dO Ub) lK w WOd tU& s WI* s UMK
b< w UH_ UM Uo_ w WK_ w U&UQ
U?B?* s? U?Nz s UNOM w WKzUD tU UI a
U?B?* U??m s uHM UF{ dA p UNK s sJLK
u?U?I? UH vK 5LzUI WU U UCI U UNOHu
rdO WdA UL' U s
5?u?I UH Ud U?C U b?U? uJ b UH q
d? W?O??d?o? U?L?Q? U?O?I? w? 5OU bU b sbUH s
5M

nu*UQ d d UFU
fO UOKm

Ud

uJ b t w UH
s? `?d?? u?H?M? d??? U?N?K?G?? tHO ULQ d c
t??F?H?M?* U?N?u?? U?N?O?K? 5?QQ tO uNF* u_ fKo t??HO
WOc
q?d?F? b? u?U?I? UO nFC WbI* u_ qQ w UH
U??H c S p qQ q tuJ w VFA WI qKI WbF dO
r?N?u UL s sdL*U QM WOLM t w WI dQ qJA UH
v?? w? w?U?O?? UB UAM U w UH r b
rUF U
u? w? W?mU?o? `?M?* d?I? b?U??* X?? t?Q UMK o
u?F? W?O?U?M bK UN WU* WOb UQu b s WKd* uJ
u WOJd_ b* Uu w du WmUo U w UB* v
bQQ WU* UN' vK V wUU WM UNO 5u* UQ ULQ
uUQ d rNO WNu* v F qB dI bU* `M* s
UOHA b UMQ UdA UR
Global Corruption Report WM UHK wU w*UF ddI w U b
5u* u vK t WM _ w*UF ddI UQ 2003 GCR
tuKo U uu 5IU suUQb s b U UQ UOId w UJ
u??u??O?? a??u?? b??M??K? u?M? w? r?N? W?mU? U?U?? w? u? s?
wU oU uUQb tK b UQ U UdOO UF L sUAMoO
UOK \ UdOO u s Sani Abacha UAU
WeM WbF s UM wLOI w_ UOJ uI UH w p
u tOK Vd uUI U U* b bN WOUHA uUI UO
VBM* VUM* UJ* w VUM* qdU UO bF U) UF 5UDIK
W?1b? W??OF P UOU ub UB WU tOK Vd ULQ VUM*
W*uF dB dBF c w UmuB WUM* vK U dO U UU ZM

XMD b q v U% u

b wKm d UFU
UOKm

UQ u
WUJ* WOUH dA b* 3_ nMQ w bF w p v b
u vK p UQ u U w WIM* tum UH c
U?O?M? n?u* UQ u U) UDI u vK UF UDI
UO UOM

XUQ WU WHO VUm u UH W1d w fOzd d: UQ U*

w U?OM

U?OuL
U?H?u? uJ bI WU WHO UQ WmU
h?o w wb W?O?u?L? WO WLEM w WOM W
WOuL WO WLEM `UB WKU2 WHO R d
U VuK rOKdO q9 UF UO UH dOF bBI
We* UFu UM UF p w U0 WDK vK uDM WHOu G
d?O? d?U?? q?JA VKD dF UN bu We vK uBK
hoAK u dU dO dU qJA WuM2 We u d dU
d ho `UB t
U?N? r?K??* U??H? U?F nKo s rdU u d ndF r
W?O?U?H? c? w? U??H? dOF qLA WOuUI rEM nKo w U?uL

u YU qBH Vu0 Wd:

WOUH c w UdQ u UF_
]
d UF U) UDI w UF UDI w nu v X
WM bUF* uUI UMOO WOUH w UNuNH0
db cOHM u bo U) UDI w nu dOF bBI
dO U) UDI s WU WO QAM WR UOQ w nu
dA s U* l rNHzU UNO uOuLF uHu* U1 w pK
UH WUJ WOUH

UNMOu Vu0 U UFQQ UNd UNd b dD Wb uJ b

.d& bOI U WOUH c w fO qI* w p qFH b WOKb
qI* w UF_ pK WUJ* dOb UL d U UF
U?OFdA

U??B?M? q?G?A ho wuL nu dOF bBI

s? u vK d W w U?dJ U UOzUC U?cOHM

R d ho UoU 5OFU UQ u wHOu UNLK

wuL UN b qLF s p w U0 dD Wb b WOuL WHO
V?? W?K?I? WO WOuL WR WDKo WOuL QAM
bo u UL dD WbK wKb uUI w u nUF
Wb pK w WKB wuUI U: w
q?J? Q jd bUF s qQ wuLF nu dOF bBI ULQ
W?H?B? lL r v qL Q UOIK d W l UJ_ s
p?K uUI U?I? b?UF* dD Wb w su* wuLF nu*
t uU Wb
W?H?O? R ho U?C? w?u?L?F? nu* dOF bBI
wK rJ UN WbK WO `UB
d?o? u?Q? rz XR UA wN WOuLF WHOu U
b?_ W?b?K? Wb Wb rU U wFO ho t uI
WDK< UR* p w U0 UNUR UNUO UNPAM UNeN
wHOu UNLK w u vK
UOFdA UBM qGA ho wM wuL nu dOF bBI
5?O?FU u WOM W w UdJ U?OzUC U U?cOHM

U?0 W?O??M W `UB WOuL WHO R d ho UoU

W?D?K??o? W?OuL QAM wuL UN `UB qLF s p w
wKb uUI w u ndF V WKI WO WOuL WR
p?K? w? W?K?B? w?u?UI U: w t uLF u U dD WbK
w?? d?D WbK wKb uUI w u ndF V Wb
U?I? U?N?O? U?FU{ hoA p uJ w rzd' vK WOzUC W UN
wuUI U: w t uLF u U WOUH c s dJ ULK
Wb pK w WKB
Q UNb qLF WOM W l bI d ho t bBI ULQ
U?I? l??L?? UQ v WHO Q UOI dG UJ_ s qJ
w?u?L?F nu* WHB u t uU bUF* dD Wb uUI
dD Wb pK b su*
w wb nu WO WR w nu t bBI ULQ
WOuL WO WLEM `UB WKU2 nzUu lKDC d ho
uu UJK2 w UH s bL* WOd bzUF
dU dO dU qJA UNOK uB( r vQ UO uI
UH rzd WOUH cN UI d qF UJ s
W?US WmU) d UJKL* uu* Ud dOF bBI
UF WUu XQ w UNd pcQ uu* UJKL* lOL qI
WOIK* dD Wb s UH WUJ WOUH WOUH cN WuLA* UH
Xu
b? XUQ v dC* dD Wb v uu* UNO lI w
Xu Xb
W?e?) u?u? w dzU bJ W dC* dD WbU bBI
WUF

u UNu qJ u_ um_ qLA uu* UJKL*

WuLK dO WuLK WuIM dO WuIM WU dO WU XUQ
UJKL* pK tOJK X w WOuUI uJB WOuUI bM*
p?K?? oKF UNO d uI UNO WKB u uu*
uI( WOJK*
UI WuA* UIHB UOKLF s mOK Vu s UQ U*
5?F?_ U?O?mu?? W?M UBLK U U tOK XB U*
dJ WOUMB l b q s WM qJA* wU* qLF odH
U UOb U?O?zU?M? WuMF* Uo_ WU ezU' s UQ G7

UJKL* uu* WdA dO uB WJ* uu* dOF bBI

b?b?? WDu tM WUO tId s wuL nu VU s VJ w
Wb UJKL* dA* dO qb UN UNd WOuLF u_
U?J?KL* qLA u wuL nu UNJd e u UF WDu
UN Xb uu* pK UNO Xu w d_
W?O?M??* d?O? W?O?M??* U?I?F? UOUQ uIM* U?F?? p? w qb
U?d WOUMB d_ WOMH WO_ WOJK* uI WOe
d?O? U?& W?UJ* b* 3_ WOUH s U* U?C l a
? U?* W?M?? UMOO WOKIF dR* b< w dA*
udOU WOMu d WLEM* W1d' WUJ* b* 3_ WOUH s
X?B? U Vd* rOK e( bOL UB* ndF w UC l
U* w UNKUI U U* w UH WUJ WOUH tOK
W1d' WUJ WOUH s U* b< WUJ WOUH s
U* w u wKm_ d' ndF w l pcQ WIUD wN WLEM*
WUJ WOUH s U* w tKUI U UH WUJ WOUH dA s
UIUD ULN WLEM* W1d'

pc 5OFOD Uo_ s UH W1d wJd WU0

udO ndF u WuA* WKUFLK ndF vK U* XB
W?L?E?M?* W?1d?' b?< W??U?J?0 5?mU) 5IU 5OUH w
uMF* U hoAK ndF vK U* XB
WuA WKUF dOF bBI wK U U* s dIH w U
l Udu UNBzUB UNL rJ ou UF dO WKUF
u w UNOK UF* dOUF* U& qOLFK UB UAM
Wum UF uI v bM `{ wuU U v bM
W?D?A?_ p?K?? d??I? W?d?A dO WDA q9 sJ1 WOL
UuL

h?o? d?O?F bBI wK U U* pK s dIH w U

U?F? U?DI w WU UON UR* UUOJ U
d_ b 5u w pcQ UNQ Xd w U)
b?F? t? d?Q U??H? ndF WOUH dA 5 t UM b
U?b?F?U? u?* w? tM YU qBH w u UF_ pK U
5uI UNd& d UF W U) UF UDI w UH UQ u
pcQ UUU qI* w UNd& U UF UUU WOU( WOKb
UUU WOUH dA U w UH UF wK ULO 5 u
q?? r?zd? p? bF u r qG q UJKL* u bB
w?K? U?L?O? dQcM uQc* dA* s U* w ULQ u_
WUJ* b* 3_ WOUH s U* WuMF* Uo_ WU w UC
l
WM WOMu d WLEM* W1d'

U) UDI w UH rzd UOU UF UDI w UH rzd

W?L?UM u_ q WUJ dOb UF u_ q rzd UU

UH s

d rzd s t UIK dF U UF UDI w UH rzd

5OMu 5OuLF 5Hu* u
d?O?b? s? e?K? b? U d W qQ bLF vK U* hM
bL VJd UbM WOU UF_ .d d dOb WOFdA
WI dO We0 WOuL nzU R ho wuL nu b
`UB u dU dO dU qJA UU tM tOK UN{d
n?u?* p? uI wJ d UOQ ho `UB tH nu*
WOLd tU tU2 b U qFH UOI s lM1 U qFH
W?O?u?L? nzU R ho wuL nu VK UL
`?U?B? u? W?I???? d?O? W?e dU dO dU qJA tu
nu* p uI wJ d UOQ ho `UB tH nu*
WOLd tU tU2 b U qFH UOI s lM1 U qFH
WOb UR* wHu VU_ 5OuLF 5Hu* u
wK U vK dJ U* hM
.d d dOb WOFdA dOb s eK b U d W qQ bLF
w? u?d? W?1d d w WmU) tLzd wzUM' uUI UMHR l
U?d? u?d? U?MHR bF U uM UbF U dB* uUI
WM uF UEM w J Uu{u UUE

W?O? W??R? n?u wM wuL nu bu bL UOI

d?O? d?U? qJA UU tM tOK UN{d WI dO We0
wJ d UOQ ho `UB tH nu* `UB u dU
t?U?? t??U2 b U qF s lM1 U qFH nu* p uI
q?_ v?K? WOb WU UL_ ndB oKF ULO WOLd
Uu pK U w
d?O?b? W?O?FdA dOb s eK b U UL w d W qQ dEM
bL

WO WR nu wM wuL nu UO .d d

W?I???? d?O We u ULU dU dO dU qJA
u?I? w?J d UOQ ho `UB tH nu* `UB u
WOLd tU WU2 b U qF s lM1 U qFH nu* p
U? w? q?_ vK WOb WU UL_ ndB oKF ULO
Uu pK
wK U vK dA* s U* hM uHMU dU*
d? d?O?b? W?O?F?d?A? dOb s eK b U d W qQ bLF
bL VJd UbM WOU UF_ .d
dO dU qJA UNM UN{d WI dO We WQ bu
G U vK d ho wuL nu id dU
W?O?u?L? W?DK s uB( bN dH* wKFH uH

`UB U
 d WI dO We vK dD WbK WFU
d ho `UB qFH p vK wKm_ d;
d?U?? d?O? d?U? qJA d ho wuL nu UO

s? d ho `UB t(UB WI dO We u UL

s uB( bN dH* wKFH uH G U
WI dO We vK dD WbK WFU WOuL WDK U
uHM u u d ho `UB t(UB U d
uBI* WOM v dH* uHM vC u
s UNULF U d qJA UNd Ubb UJKL*
wuL nu VU
wK U vK UH WUJ WOUH dA s U* hM
d? d?O?b? W?O?FdA dOb s eK b U d W qQ bLF
UOQ ho `UB u t(UB b?L wuL nu UO .d
WOmuB WOuL WOU u UJK2 U d
U?b?b??? t?F?u rJ tO UN bN WLO d UO
UNULF US d qJA UNd
?G?? W?1d? d? w? WmU) tLzd wzUM' uUI UMHR l
ud UMHR bF U uM UbF U dB* uUI w uHM
uF UEM w uHM G W1d d w J Uu{u UUE

Ud

WM
U uM UbF U oU ld* wzUM' uUI UMHR l
bF
s? U?M?F? w? n?K??o? W?O?U??U? W?I?UM  w Vd dOF k
bb sL{ q UMF d_  w U bb
bb  UMF w dUG ULF U dOF b s od d
.dK  u{u UOF0 wH l UD Vd
uUI w W1d d w WmU) tLzd wzUM' uUI UMHR l
dB*

 UH
wK U vK dA* s U* hM
.d d dOb WOFdA dOb s eK b U d W qQ bLF
W?O?UH cN UI Wd?? d? U?F UJ VI bL UOI
u WuIM UJK2 WU UO UHS UF_ c w WLU*
u?_ U?J?K?L* pK WU w jOuQ qLF UN UH
U?J?K??L?* p?K? Q? rK vK wMF* hoA uJ UbM UN UH
WOUH cN UI Wd: UF_ b s WOQ u_ WuIM*
wK U vK dA* s U* hM WDK nzUu G U
wJ d dOb WOFdA dOb s eK b U d W qQ bLF
w?u?L? n?u? U?O? w?K?b? U?NuUI WOU_ ULK U?I d&
?G?? U?S? W?O?u?L? n?zU? R ho w wb nu
nzUu pK D{ b U F tz b tzQ tFu tHzU
YU d `UB t(UB WdAdO lUM vK uB( dG
dA* dO d
wK U vK dA* s U* hM
wuUI UNUEM WOU_ U* Uub UM d W qQ vK
w?u?J nu d UNMOu d?&
w?J W dOb co
tKOKF lOD dOQ U tuu U WdA dO uB
tHzUu tz UM WdA* tUJ v UUO WuIF uB

p? d???F? dA* dO d Xd?

w?? d_ b vK
WOUH c d_ U qF UNMO ULO d'
c? b?I?U? b?I? dA* dO d d& r d W vK
c? t?O?K hM UL d' c QA U?u? b?U UNMOu eO&
WOUH
Wd u; UuKF* bi
5GOB wK ULO uM ULNMO dOOoK ULK UGOm
d?O?b? s? e?K b U d W qQ bLF _ U?O?) WGOB
w?u?L?F? n?u?* b?o?? U? .d??? d? d?Ob WOFdA
d? W?F?H?M?* u? tFHM* u WOuL nzU R c hoA
nu* p uJ w Wd u; UuKF* s u _ YU
tHzU rJ UNOK qB b WOuL nzU R c hoA
UNz q s
d?O?b? s? eK b U d W qQ bLF w?U?? UO) WGOB
bL UJd UbM 5OU UH wKF .d d dOb WOFdA
W?F?H?M?* u? t??F?HM* u WdA dO uB wuL nu UO
U?U?A??Q t?b?o?? W?d ozU UuKF nAJ YU d
rK vK `m d Wd u UUO UuKF UOLK
tHzU rJ UN

hM s dIH c c b s bbF c

w? u?C? UcOHM u??? U?b?o? qLF wuL nu UO

b?o??U? W?O?F?d?A?? UNO w WOuL WR W fK
t?H?zU rJ UNOK qB * vK UNLOLF bBI UuKF
YU d WFHM* u tFHM* u dA dO Ubo UN Ud
Wb) tQd s 5M uC w wuL nuLQ tb UM
WdA* dO lUM*
wK U vK dA* s U* hM
d? d?O?b? W?O?FdA dOb s eK b U d W qQ bLF
R ho wuLF nu* UO UH rzd b w b wJ
W?I?? dO dUI0 WbI WLO w qOB WOuL nzU
l wU{ rdQ WLU WdCQ uUI dI U uH dUI0
dU dO dU qJA u d V bzU
d_ WOd UF_
U?O?U?? FH dF wK U vK d?A?* s U* hM
W?O?K?b UFdA w UNOK uBM* eK UFCo U wKF
d W qJ

b?G? W?1d? d? w? W?mU?) t?L?zd wzUM' uUI UMHR l

UbF U UI fO U qOB%
o U* c w u UAM UJ iF b u iF d
.d

U?L? s? b?L? u? w?u?L?F? n?u?* U?O? UB b

t?U?J?K??2 t?u?u? s WM qQ Wb UB bF rO
WuJ( vK fOb dG tUJK2 WLO wUm WOU* tUe
ULO WB< UDK b VzdC q UeU oKF ULO
WdA* dO tbzU tDAQ oKF
tuu s wKoU wuLF nu* UO b wKo b
e? d?O Uo ho v `UB* UC U?FM WKB
VM b WKm s WFd Wb v Ud_

U) UDI w UH UOU

wK U vK dA* s U* hM
.d d dOb WOFdA dOb s eK b U d W qQ bLF
We UM dQ UUOQ VU s bL VJd UbM WOU UF_
p d
s WOuL `UB dC UbM U& UA
Q? t?b? q?LF U) UDIK U?F?U

U?U?O?Q db ho b
dU qJA UU tM tOK UN{d WI dO We0 WHm
UOQ ho `UB tH hoA `UB u dU dO
u vK U qF s lM1 U qFH hoA p uI wJ d
rM U2 WU& WOU WUB WKUF0 oKF ULO tUu qo
^
U) UDIK lU UOJ pc d{ U( tM
q?LF U) UDIK UFU UUOQ db ho VK UL
WI dO We dU dO dU qJA tu WHm Q tb
uI wJ d UOQ ho `UB tH hoA `UB u

t?U??u qo u vK U qF s lM1 U qFH hoA p

d{ U( tM rM U2 WU& WOU WUB WKUF0 oKF ULO
U) UDIK lU UOJ pc
W??U?F? U?L?C? W?O?F?dA dOb UL w U?C? d? W? qQ dEM
U?u?I?F?U? U?) U?D?I? s? WR w u* wFO 5Hu*
d? w? uOuL uHu UNJd w rzd' dI*
w?U? U?AM lKDC WOMF* U) UDI WR XUQ v WNUA
v?K dR R U) UDI uHu UNJ w UF_ XUQ
U?) U?D?I? U??R qLA wGM WU WUB `UB
d?C?U? d?B?( q?O?? v?K? f?O? s?J? U?* c? UNODG w
d?? U?? w? q?L?F? w?? W?mU?) W?OU* UR* UB*
UNbo d ho w uJB uu* u_

UH bzU q UF .d& UU

wK U vK dA* s U* hM
b U wKb UNuUI WOU_ ULK UI d W qQ bLF
U?b?M? W?O?U?? U?F?_ .d? d dOb WOFdA dOb s eK
bL VJd
W?O?d bzU UNQ rKF l UNU U?JKL* qu%
U?J?K??L?* p?K?? d?A?* d?O bB* tu9 UH dG
 vK wKm_ d' UJ w lU{ ho bU
tKFH WOuUI VuF s
d?O?O?G? b? dL WOzUNM UNGOm w WOUH s U* w
UNU UJKL* WFO

 UNUJ UbB UJKLLK WOIOI( WFOD tu9 UH

UN WIKF* uI( UNOJK UNQd UNO dB WOHOQ
WOd bzU w UJKL* pK Q rKF l
wuUI UNUEM WOU_ rOUH*U UM
X? r?K?F? l? U?N?b?o?? U?N?U?O? UJKL* UQ
WOd bzU UNQUNLK
U* cN UI d qF UJ w WQUA* WLU*
b?U??* t?U?J w dA tUJ vK dP UF
tQA uA* b tKON p vK lOA
b?zU? w? W?O?d? b?zU? s? W?O?Q?? UJK2 UQ
U?N??d? U?N? U?N?b?o?? U?N?U?O? WOd
UNKI ULCQ UN1bI UNKu% UNU UNO dB
hoA co r UN Udu% UUL UNU
U? t?O? b?M??* n?O?KJ tBM tFu tMN rJ eK*
UJKL* pK bB WOdA s bQQK dOb s eK
U* c s dIH oOD cOHM d
l? vK U* c s dIH oOD v d W qQ vF
WOKm_ rzd' s WuL
W]d?: UF_ qQ WOKm_ rzd' b w d W qQ b
WOUH cN UI

r?zd?' W?OKm_ rzd' qLA WOdH dIH d_

d?O? U?N?U WOMF* dD WbK WOzUCI Wu q WJd*

rzd uJ dD WbK WOzUCI Wu U WJd* rzd'

uUI vCI0 UOd F dF WKB uK UQ WOKm
UOd F dF tQ s UQ UNO VJ w WbK wKb
u U* c oD cHM w dD WbK wKb uUI vCI0
UNO VJ b UQ
cHM* UNMOu s aM b* 3 UF 5_ d W qQ e
U?I 5uI pK vK qb dOOG s aM U* cN
UN nmu
U?* c? s? d?I?H? w? W?MO* rzd' vK hM u
U* XUQ wKm_ d' uJ sc Uo_ vK VM
p wCI dD WbK wKb uUIK WOU_
du eK c dG bBI rKF dBM vK b sJ1
W?O?F?u? U???* s? U?* c? s? d?I?H? w? 5?? d w
WOu{u*
w? u? U??H? b?zU q W1d' WuJ* UF_ k
WM UH WUJ* b* 3_ WOUH dA s U* s dIH
w? u? W?O?K?I?F? dR* b< u q UF qUI
b?< w? U?& W??U?J?* b?* 3_ WOUH s U*
WUJ* b* 3_ WOUH s U* WM WOKIF dR*
WM WOMu d WLEM* W1d'
w U qUI dA* s U* s dIH w U ULQ
p? w? U?0 W?M?? W?L?EM* W1d' WUJ WOUH s U*
s? U?N?U? W?b? q? l?I? U vK wKb wzUM' uUI Ud

U W1d' u WU w .d WO dA u_ q rzd

s? W?1d?' w? u?M?F* sQd vK b s tOK h U? Wb
u_ q s WU* U bF UL WOFu U*
U?H??Q p? W?1d?' U? s? t? U vK wKm_ d' wJd v
WOKOLJ WuIFQ WuC* u_ UB l wKm_ d' vK WUF*U
o?? ULQ pc wCI wKb uUIK WOU_ U* XUQ p
v?K? u?_ qG WmU) tmuB wUD uUIK WMU UMO
d?O? q?? W?1d? w? w?U?' u?J? V?? r?E?M? c? q? wH p
WOKm_ W1d' w 5LU*

UH s WLUM u_ q WUJ dOb UF

WOUH s U* tu% U v WU WHB Uu w dOb c bM

U??? i?F? l WOMu d WLEM* W1d' WUJ* b* 3_
vK uQc* U* hM
dO WOU* UR* UB* vK d wK wU UE UA
qOLF Wu bb% w bA u_ q UOKL nAJ WOdB*
WuA* UF* s ozUu  kH
u?U?I? U?H? e?N? WOzUCI WOUd W eN_ b l
l? wb wMu sbOFB vK UuKF* U UF vK
lu qOK% lL' wM eQdLQ qLF WOU Uo b UA
u_ q s tu qL UL UuKF*
b< u* w U& WUJ* b* 3_ WOUH s U* UC l
WM WOKIF dR*

W?K?U?I? u?J?B? b?I?M? W?Qd? bm nAJ Wb dOb Uo

u?m Q? dA* U* WQd( WU b( d bK
U??R?* d?_ U?O? d?O?b pK qLA u uB s
u?J?B? b?I?M? s? dOJ UOLJ qu% s U WU
b( d bK WKUI
W?O?zU?C?I? e?N?_ 5? w?zUM wLOK w*UF UF eeF duD
u_ q WUJ q s WOU* WUd eN uUI UH eN
WOFM WOzU UNKQ WIU dOb k
U?N? b?$ U??H WUJ WOUH dA s U* v UMF
U?I?* U?N?OCI UU{ U iF l dOb c q vK hM
wK ULQ UNB d UMb ULQ
d W qQ vK
U??B? * v?K? d? W?U?d?K? ?U? U??O?K? U??U?E? T?A?M?
5?O?F?O??D? U?o?_ v?K? W?O?d?B?* d?O? W?O?U* UR*
p? w? U?0 W?U?& W?O?M?N? W?D?A? u?U?1 s?c? 5?U?
bI w WU UUOJ Uo_ WOd dO UR*
t? U? q?Q u?_ W?U? U?? w WOUE dO WOUE Ub
qG U tu W{dF* UON dzU vK UC bM WLO
q UO nAQ q s UNmUB UD sL{ u_
UKD* vK UEM p bA 5F tUJ lOL u_
W?1d?' W??U?J? W?O?U?H? s U* tOK hM U vK d c k
WLEM*

??? k?H? 5?F?H?M* 5JU* LF Wu 5OF WmU)

b? r?O?O?I U??F?* d?O? W?u??A?* ?U?F?* s?
UB* WOdA
WU* WOuUI bU*U WmU) U* UJQ qHJ
dzU uUI UH eN WOUd W eN_ uJ Q
W?D?K?? p? w? U?0 u?_ q?? WUJ* Wd?J?*
e?N_

UF vK U pc wKb uUI wCI ULO WOzUCI

U?D? s?L?{ w?b wMu sbOFB vK UuKF* U
WUG pK dEM wKb UNuU UN{dH w dA
e lL' wM eQdLQ qLF WOU Uo b UA w
?U?F?* s? U?G?OK WUu u? U?u?K?F* qOK%
W?K?L; u_ q UOKL QA U?F* dO WuA*
UC bM UuKF* pK rOLF lu
uuJO U Wd0 5OMF 5Hu 5OF WOUJ w dEM
dO WOdB* UUOJ w UOKLFU WIKF WcOHM UB WIK
WOdB*
WQd bm nAJ UOKL Wb dOb cOHM w d_ b dEM
UULC UM Ub d WKB bK WKUI uJB bIM
s? d?IH w UML{ qb XUQ U* w uu dO WU{ c
U*
U* w uu dO WU{ c
U* w uu dO WU{ c
U* w uu dO WU{ c

U?* W?Qd? W?U ULOK Ubo UuKF* bo qHJ

d?? d?O?b pK qLA u uB s um Q dA*
W?L?o?{ dUI qu% s U WU UR* d_ UO
b( d WKB bK WKUI uJB uIM s
U?R* e U?O?K?L? W?b?? dOb cOHM w d_ b dEM
u_ qu WOMF* UN' UNO U0 WOU*
qzUd u wdJ qu UL w b
bB* s bOH WIO UuKF WKB
lb UOKL WKK u UuKF* pK uB
vK u% w u_ u% vK bA UBO9 dH
bB* s WKUQ UuKF
U* c UJ vCI0 wK wd wU UE UA b
d?_ bU b?
WOUH c s d U Q U

W?O?L?O?K? U??R?* U?N?c?o? w? WKB U*U bd

u_ q b{ d_ bF* WOLOU_
wLOK w*UF UF eeF WOLM v d_ b vF
e?N? W?O?zUCI UDK 5 WOMI bU* wzUM wLOK
u_ q WUJ q s WOU* WUd eN uUI UH
WuA WOdB WKUF s UuKF UNOIK bM d W qQ vF
b?B? n?A?J? W?U?F dOb Uo v WuA WOdB UF
d l UFU UF* WKUF* pK UNBo w u_
p sJ ULO d

WMOF u? v?K b UuKF UNOIK bM d W qQ vF

5?FU{ Uo hoA oKF UuKF U bzU w
o?O??D?? W?L?z dOb co ULNOKQ wKm_ d' UJ w
W?mU?) U?H bzU q .d WmU) 5U* UJ
Wb UJKL0 d{ U w wKm_ bK v UJKL* UU
p sJ ULO d d l UFU WOUH c s
d?O? w U dU? t?I?O??D? V? U* tOK hM U k
U?J?K??L?* W?O?d? b?zU?F? w? d?B?? S u_ s p
uUI o WOUH dA s U* tOK hM U o uJ UB*
dD Wb s bI* VKD w u_ UNb w Wb dEM wKb
UJKL* WOd bzUF US dQ u_ pK US U)
v? U?C?u?F? .b?I? U?N vM wJ WUD dD Wb v UB*
U?N?U??m v? U?J?K??L?* b?zU?F? p?K? U? W1d' UU{
u_ pK WK< WOuLF u_ WU w 5OdA
W? s? b?I VK vK UM d Uo bM dD WbK u
QA UOd UUH d w U) U 5F dEM d d
W?O?Q??* u_U UJKL* WOd bzUF pK WLOI d
U???K? U?N?M? e?? U?J?K??L?* W?Od bzUF lO s
u v UNId w w WOUM bK WOMI bULK hB<
U?N?' v? W?O?U?H? c? c?O?H?M tO U% U WOK vK UNbU*
UH WUJ w WBBo* WOb
pK lO s WOQ* u_ UJKL* WOd bzUF rUI
W? UNd wKb UNuUI U?I? UJKL* bzUF
WUK UF rEM U vK d_ d_ b l

WOUH s U* l dI U* s uQ U* c

dB WuMF* WM WOMu d WLEM* W1d' WUJ* b* 3_
nOH l UB* UJKL* UB* rzd' bzU w
b?< w? d?A?* dO U& WUJ* b* 3_ WOUH s U* hM
wK U vK WU) UNdI w UB*U WmU) WM WOKIF dR*
B* w W td wKb tuUI UI d qQ dB
U* c s dIHK UI UUB w u_
cN UI d_ d_ b VK vK UM dB bM dDK u
QA UUH d w U) U 5F dEM U*
l?O? s? b?L???* m?U??*U? u?_ ?B???* c? W?L?O?I? d
U??ONK mU* WLOI c s dOQe u_ B*
b< w dA*dO U& WUJ w WBBo* WOuJ( WOb
UNULF U WOKIF dR*
B* c lO s bL* mU* u_ B* c U
b vK WU qQ w rEM U vK d d l u_
W?O?zU?M?? U?O?U?H W UNd WOKb UNMOuI U?I

dG cN UNd w d_ bF*

wK U vK WU) U* s WU dIH hM
u?_ c? X?F?C? d? u? s? u v Xb B* Xu
=
U* c w UNO UA* dObK B* s b d_
c? X?U?Q W?d?A? U?B? s? X????Q uQ B* XDK
?B???L?K? b?I?* W?L?O?I? UF U b wUBLK WF{U u_
bOL UNOK kHU oKF UDK WQ p WDK<
UI* s UdO d U* c w UNO UA* dObK UC lCo
s bL*
B*
UNO Xb B* Xu
w u_
s?c?K? b?I? fH WOHOJ fHM UN B* XDK w u_
t? v?K? W??U?) U* s WMU dIH hM B* ULN lCo
WOM sdOG uI dC U0 U* c UJ dOH u
W1d' WUJ* b* 3_ WOUH s U* jC UBLK WMU UC
l
l UNdIH WM WOMud WLEM*

u_ q WUJ* b 5 ULO UF fU) Y*

W? UDK VU s bU* uF .bI u wb UF
U?NMQ uK Uo ho WUF s UNMOJL d W v U
U?F? U?E?M? s?_U ? X??O? W?1d?' Q? W?b? u?F tU
UC wb lL: s vK dD w U/ V 5OMu
b? W?b? v? q?K??? t? w UIF s XKH c? d?:U
d?B? d?B?F c w UmuB d_ w UNM_ b?N
uJ U:
ozU u_ lK Uo_ UI U Wd dB W*uF
b bS u W1d' WUJ* UNMO ULO b UF V pc
U?* t?O?K? hM ULO UM ULQ d: W1d' s UuKF*U QA
d WUJ0 WmU) WOb WOUH s U*
5K VOd vK UH WUJ0 WmU) WOb WOUH dA rEM*
W?O?zU?C?I? U?U? o?d? s? o?U?? V?K?D?* w? ULu U
UH d: rOK WOuUI bU*
W Uu wb UFK wb UF u
u???* Y?U?? w?zd u* wU wUEM u* _
t?U?u???0 U?F? c qLJ wzUCI wzUCI
WOUL WOzUM bUF WOuU uB w mOm W
vK wKb uUI hM bI wuUI wUEM u* vK
dN r U) w 
u q W1d su* VJ t
u?UI U?I?? t?1d s bK w VUF tS UI bK v
c? b?K uU w tOK U??U?F qFH c uJ dA bK

d UL su* WLQU; d{ .d tO l

U?H?O?? U?I bK v tu dA U) w
W??M???? d?B? U?u?I? l? t??u?I?F?
e??' u?U? s? \ W?M?? w?U? U?u?I?
v wUEM u* vK UF cN WM wuJ
uE 5Mu* rOK U vK UIF s rN* XKH
W?O UO tO bU c wdA wzd u* vK
5bN XA w ud WOb WdA WLEMLQ
wb u* vK d WUJ qO w sUC _
U WHK< b w WdA UN 5 UB 5Q wU
qLF VOU UuKF* d)
5?d?:U? W?I?K?F??* U?U?O?? U?u?K?F?* U?? p w qb
rNI rNOK iIK bON9 5UN 5d: Um
b? u? U?CI wzUCI wzUCI u* vK
t? u? q?m_ S wUU UNUO WKB*  Wb UDK
s?L?{ q?b? W?b? b U wzUC qL Q UOI u
U?O?I? v? W?U? w? Wb XUQ U* d W UDK UO
q rzd w WOzUM' ub d UM WOzUCI UL_ iF
W_ lL' ULJ p bK dU uJ U UU w u_
W?b?F? s? U? r?N?? U?SQ ub w o( qBH r wQ
s? U?M UQ pc d W vK uu bU R

UOIK Wb pK w W WOzUCI WOzUCI eN_ b b

i??I? b?U?A? R? WOzUCI  s WLN* cN
d?D?U? W?O?U?) od s UB r tU rN* vK
WOzUM bUF UM XUQ dU* bM od s WOUuKb
v?K? o?K?D? q??*U WKUF* qO vK p rEM WO WOLOK
UL tUI tLQU; tOK iI bF WbF s UN d: U
o?K?D? 5?d: rOK `KDB u_ q W1d s d
V?K? U? d?? `?K?D?B? U?M??K?Q WOdF b iF tOK
UDK b d d W vK uu WMO vK uB(
U?Q W?O?zU?C?I? U?U? `?KDB UNOK uB(U Wb pK
W?Qd??A? U?I?O?I% d W1d' s Ud% dS UmU VKD
WU* WOuUI bU* w qb c S
rEM WOdF b 5 WOzUM UOUH s bbF UM k
rOK WOUH UNM 5d: rOK WOzUCI u_ w U* UF c
5? 5?d?: r?O?K?? W?O?U?H WM sLO dF 5 5d:
W?M?? w?u?? d?B?* U?u? W?M dB dF
5? w?zU?C?I? U?H? WM UM Uu 5 wzUCI UH
s?L?O? U?M? 5 5d: rOK bUF WM _ Uu
UH WM _ UM 5 wzUCI UH WM
d?F? 5? u?I?F?* b?UF* WM dze' Uu 5 wzUCI
w?uUI wzUCI UF WOUH WM UNUIK b$ U(
w?zU?CI wuUI UF UH WM XuJ W dB 5
WM WOu WuNL' XuJ W 5 WOze' WOb* u* w

 UM wdF wLOK UDM vK

WM 5d: rOK WOdF WOUH
WM wzUCI UFK bu* WOdF WOUH
U?L WOdF ZOK) b UF fK 5 WOM_ WOUH
U s dLu ou* U s d

b 5 UF U w b* 3_ uN bB UM U sJ

U?L?O? W?K??2 u?N' c s rKJM c u_ q WUJ0 oKF ULO
WO UOUH s UNM bm
5d: rOK oKF ULO
WU* WOuUI bU*U oKF ULO

WM WO_ 5d: rOK bUF w_ wLOK u* vK UM

r?O?K?? U?? w wLOK wdF UDM vK wb UF s UM l
V?F? w? 5?KUF UN WOLM WmU) WOLKF WIK( UL sL{ 5d:
s dH w UdU WOM_ uKFK WOdF nU WO1UQ dI0 uIF* UB
s ou*
d?R?* b?< w? d?A?* dO U& WUJ* b* 3_ wOUH w
u?d?O?U WOMu d WLEM* W1d' WUJ* b* 3_ UMOO WOKIF
U? W?IM* tum w UH WUJ* b* 3_ WOUH dA
5?d: WKUF W1d' lM* sU wb d9R* v Ud b UMQ
W?mU WOu/ bUF b l{ b UQ WM UuQ UUU w bIFM*
b???* 3 WUF WOFL' UNbL UNuM vK b ZNM wb UFU
b?U?F?* c? U?M?? U? w UMLN w bUF* pK s UF fH w
w? b?U??* U?? Q?A? WOuLM bUF* 5d: rOK QA WOuLM
WOzUM' qzU* w d qI QA WOuLM bUF* WOzUM' qzU*

5d: rOK oKF ULO

d?? W?L?E?M?* W?1d?' W??U?J* b* 3_ WOUH s U* hM
t vK WOMu
U( w WOUH cN WuLA* rzd' vK U* c UJ oD
UA d UJ w WLEM WOd WUL uK{ vK uDM w
U* w tO
s U* w UNOK uBM* u_ q rzd p w qb
rOK w rOK VK u{u hoA u vK WOUH
t?Q?A? u?K?D?* d?' u?J? WDd VKD WOIK dD Wb
W??U?D? Wb s qJ wKb uUI vCI0 tOK U??UF rOK
.d WO d b u c VKD WOIK dD Wb
s? U* U?C? l? r?OKK wb dF t d c
UH WUJ* b* 3_ WOUH dA
UNM iF WKBHM dOD rzd b sLC rOK VK UQ
o??D? V?KD WOIK dD WbK U U* cN uLA fO
WuLA* dO rzd' pK oKF ULO UC U* c
b? w? U?b? U?* c UNOK oDM w rzd' s d qQ dF
5? W?U? 5?d?: r?O?K? bUF W w rOKK WF{U) rzd'

U? U??H? W??U?J?* b???* 3_ WOUH dA s U* qUI

b w rzd' pK S d_ b bNF d_ b
U?L?O? d?? 5?d?: r?O?K? bUF W w rOKK WF{U) rzd'
UNMO
bUF uu UdA UNO 5d: rOK qF& d W XIK
r?O?K??? b?U?F?0 U?N?F? jd d d W s rOK VK
r?O?K???K? wuUI U_ WOUH c dF UN U 5d:
U* c tOK oDM d Q oKF ULO
u?u? U?d?A? 5?d?: r?O?K?? q?F?& w?? d?_ b vK
bUF
vK obB pm UNb X b* 3 UF 5_ mK
XUQ U0 UNO ULC Ud UNu WOUH c
rOK QA UFK wuUI U_ w WOUH c dF
WOUH c w d_ b dzU l 5d:

w? d?A?* d?O? U?& W??U?J?* b???* 3_ W?O?U?H s U* qUI

b???* 3_ W?O?U?H? d?A? s? U?* W?OKIF dR* b<
UH WUJ*
u?? w?? r?zd?' b% WOdF b UNMO s b iF k
i?F?? r?zd?' c? bF UN dI* WuIF YO s rOK UNO
d_ b 5 UNMO Wd* bUF* w rzd' c bF d
rOKU WIKF bUF UM XUQ rOK eO& b iF k
U?C? l? p dA d U?M? W??U?D? WbU UNDd
d?A? s? U?* b?< WUJ* b* 3_ WOUH s U*
dIH cN 5KUILQ UH WUJ* b* 3_ WOUH

r?O?K?? Q?A? bUF d v d_ vC ULO vF

c?O?H?M? W?O?G? WOUH c w d_ b dzU l 5d:
wuUI U_ w WOUH c dF XUQ U* c
5d: rOK QA UFK
u?u U?d?A? 5?d?: r?O?K?? q?F?& w d_ b vK
W?F?{U? r?zd? U?* c? U?N?OK oDM w rzd' dF bUF
UNMO ULO rOKK
w?Kb uUI UNOK hM w dAK U?F{U 5d: rOK uJ
w U0 WID* 5d: rOK bUF VKD WOIK dD WbK
w U_ rOKK Wu* WuIFK v_ b(U oKF* dA p
rOK i w UNO bM VKD WOIK dD WbK u
q?U?I? U??H? WUJ* b* 3_ WOUH dA s U* qUI
b< WUJ WOUH w hM cN
w? d?A?* d?O? U?& W??U?J?* b???* 3_ W?O?U?H s U* qUI
b???* 3_ W?O?U?H? d?A? s? U?* W?OKIF dR* b<
UH WUJ*
d?A? s? U?* b?< W??U?J WOUH s U* qUI
rzd' WOUO rzd' w rOK u t k UH WUJ WOUH
UNO rOK u wUU qOI c s XO u_ q rzd WdJF
WOdF b 5 uIF* 5d: rOK WOdF WOUH s WU U* hM
WM WUM W1d' uJ rOKK dA t vK uOu w WFu*
r?O?K??? W??U 5b UKQ 5u w b WuIF WM f(U UNOK U?UF

UuJ W1d' c q s tLOK uKD* uJ rOK UNO uKD*

5u w tOK VUFdO qFH UQ U q_ vK sdN b* f(U tOK
W??U? Wb w W1dK dI* WuIF XUQ rOK UNO uKD* Wb
U?? rOK uJ  rOK UNO uKD* Wb w UN dOE rOK
W UU s rOK WU Wb UU s uKD* hoA UQ

d qOF v WOKb UNMOuI UM d_ b vF

oDM d Q oKF WOU UKD s UN qB U jO rOK
WOdF WOUH s U* UC l WuIF fH dI d
W?u?I?F?K? dI* v_ b( k WM wzUCI UFK bu*
X U2 q WM ZOK) 5 WOM_ WOUH w rOKK Wu*
s b? d?N? W?? s? b?* q?I uWOdF 5d: rOK UOUH tOK
w? U?N?O? U?M? VKD WOIK dD WbK u w U_ s WM
UNbUF UNMOu w b UNOK hM w rOK i
W??U? Wb 5u w tOK U??U?F? u?_ q uJ Q .d WO b
U??U?F? q?F?H? U?Q VKD WOIK Wb uU w tOK VUF dO rOK
5b b w UIU XDI b ub uJ V 5b UKQ w tOK
rOK WU Wb XUQ 5b vKQ w tOK UUF qE V
b* cN cQ d bK wMu s tLOK uKD* UIU uI b0 cQ
Q? W?1d?' f?H? s? W?LQU;U WBo rOK UNO uKD* Wb uJ
UJd U tLOK uKD* wM_ hoA s qF qF UNLOK vK l
s? U?* X?B? b?I UNO rOK uKD* u_ q W1d w
s? q?Q v?K? u?U?I? c? UJ d t vK  dB* UuIF uU
c? s? u?_ q?? r?zd? t?O UNOK uBM* rzd' s W1d VJd
WM r UuIF uUI WKLJ* 5uI b w UNOK VUF UN_ qOI
dI v_ 5U* l dI tM ULK UI UNO dA w
W1d w UJd U tM qF F dDI U w VJ s qQ tM
UNmUB l UF rOK UQ pcQ dB w UNCF UNKQ XF
W?O?U?H? hM WOMOF b vK UOM UQ QQ UF UEM wzUCI wFdA
t? v?K? d?zU?D? 7? v?K? V?J?d w rzd'U WmU) WMuOQu
b?U?F??* b? b? w? WK dzU 7 vK VJd w rzd' qUF
UNb UJ w jI fO XJ b XUQ u ULQ 5d: rOK oKF ULO
UNO uKD* Wb XUQ p vK dzUD qO W rOK w UC q
S UOdJ cI U* qu% UNM vK - w dzUD qO W w rOK
tLQU0 UNmUB UNb UQ d: rOK id UN
u UQ rOK UNO uKD* Wb wMu s tLOK uKD* uJ
XUQ WOzUM WUD Wb 5 UNMO Wd* bUF* UNMOu Wb c
W?M?? d?B* ub s l UUd rOK eO& WOLOK
U* wu ub s qB WM u ub s

w? U?NOK uBM* u_ q rzd p w U0 U* c tOK

WOUH s U*
5d: rOK WOdF WOUH s U* dze' d uU s
W?M? wzUCI UFK bu* WOdF WOUH s U* WM
r U/ UIF s d:  p vMF fO rOK VK i r wUU
ozUu UuKF* UHK*U UuB rOK WU Wb VK vK UM tI
Q w - U0 U?L?K? W??UD Wb U% WOCIU WmU UNb uJ w UO_
rOK UNK s uKD* W1d' u aU w WOM' b% UNK
u VJ dB qQ vK dB UuI U* hM uB) p w
tUJ vCI0 VUF uUI c w WM WUM dF F dDI U w
l? tO tJ c bK uU vCI0 tOK U?UF qFH UQ dDI v U
b?O?u?? Y?U?? w?b d9R* k wU UuI U* U?C

UUU rOK Wb i b d b U qQd w uIF* wzUM' uUI

U?u? d??K?$UQ UUU rOK b iF eO& p l rNLQU% vK
U?C?I? W?1d?' l?C?o WIKD WHB WOLOK bU oD UN_ WOJd_ b*
k? UNOdI WOM s dEM iG UNLOK vK W1d' XJ w Wb
Vu WM WOdF ZOK) b UF fK 5 WOM_ WOUH
W?b UU s tLOK uKD* hoA UQ u v UC_ b 5 rOK
S wUU UNM U* s dO_ dIHK UI p rOK UNO uKD*
U?U?d? r?O?K?? bF UI Vc* UNMO ULO wJduK$ Vc* l ZOK)
d_ WOdF b 5 UNMO ULO
wUO UB t_ b qUA UB v bM rOK VK uJ
W?O?d?F? U? W? U?u?I? uU s U* tOK hM c pcQ X
s? q?Q v?K uUI c d t s WM r U% uU b*
Vdo W1d UJd U tHmu U) w VJ bF Wb w b
U??M?U? U?& b?<U? U?& rzd WOb UB qzU qODF
wb U WMmdI rzd oOd w UGB
u?J? rOK VKD WU dA s b s UM WUNM w k
b?U?F?* c? i?F? WUD Wb l Wd rOK UJ rEM bUF UM
rOK UNO u w rzd' bF

U??H? W??U?J?* b???* 3_ WOUH dA s U* dIH c qUI
W v rOK VK UN bI w WN'U oKF ULO b UU& rIM

U? wKb UNuU UJQ UM VKD WOIK dD WbK u

dD Wb VK vK UM 5d: rOK bUF s t jd
UNLOK w uu* tLOK uKD* hoA e% WUD
v?? r?O?K??? d? uC ULC d WUM dOb co
WK d UNQ p wb dE Q XFM
rOK UNLOK w ue* wU' bu w dD Wb rI r
rzd p w U0 U* c tOK oDM d oKF ULO hoA p
U?N?O?K? V UUU b tuQ u bO V u_ q
W?O?C?I? q?O?% r?O?K VKD w dD Wb VK vK UM
W?D?K?? t?O? X?? V?K?D? h?H WB< WDK tO uJ _ U&
q?? t?O? b?zd? X?U?Q U??d? _ wdH UEMU UEM c dF WcOHM
U?G?d?? U?O?U? sLO dB t cQ wzUCI U& WM UNUM
d?O?u? W??U?D? W?b? W?KB UEM c vd ULM uQ UuQ
tLOK uKD* hoAK UUL{
W?O?zU?C?I? WDK v tO VKD h qQu c wzUCI U& wU U&
p?OJ* WOJd_ b* Uu b* WJKL* UM Uu t cQ
U0 5F t rNLK UUL{ UEM c du UJOK UOUD UuO
rOK d qdF t tOK cR WOUQ W u dA tH s UbK
UN qF
d?_ d?F tO wJOK UEM tOK oKD jK< U& YU U&
U VKD i WuJ( vK V dA du b S UCI vK
w? i?d uI w WdbI WDK WcOHM WDKK uJO Udu
c? w? U?C?I? u?J? p vK UbI w WOUO U u{
UUA WU(
b?F? U?* U?N?OK hM UKD s tUId tUUO VKD .bI d
UFK bu* WOdF WOUH s U* UNOK hM UNMO WK{UH* UKD
WM wzUCI
d?A? s? U* b< WUJ WOUH s U* qUI
UH WUJ WOUH

pK co WI* bBI WB< UNUDK v t d UD

WU w ULQ t uM vK UNdS lKDC Ud UDK
W?b? p?K?? w?K?b? u?U?I? v?C??I?0 rO lU d d
V?u?' w U?mu?B? W?O?M?F?* d?_ b? U?F? dD
WI* pK WOUFH UUL{ W_U WIKF* WOzd
Q UUU b rOK dD WbK wKb uUI eO UbM
W?b? p?K? v? h?o?A? p? UF dA uB s um
w d WLQULK WO tOK UB rJ( UCI dD
W?b? d?D? Wb c oH UNK s hoA rOK VK

t?U?d? U? v?K? U?O?) c? vK hoA rOK XK w dD

U?uK U?O?U?Q d?A?* r?O?K p dF d d s U?UM

U* c s dIH w 5* eU
W?? wzUC rJ cOHM dG b?I?
rOK VK i

V VKD WOIK dD Wb UU s tLOK uKD* hoA

pc `L wKb UNuU UQ VKD WOIK dD Wb vK
s? V?K? v?K? U?M? u?U?I p UOCI oH p UQ
dD uU vCI0 UB rJ( cOHM w dEM VUD dD
UN uJ; WuIF s vI U cOHM wKb VUD
d?A? s? U* b< WUJ WOUH s U* qUI
UH WUJ WOUH
d?A? s? U?* b?< W?UJ WOUH s U* qUI
UH WUJ WOUH
WOUH dA s U* b< WUJ WOUH s U* qUI
UH WUJ

rzd' s Q oKF ULO d tI w co ho _ qHJ

d qd qQ w WHBM WKUF U* c UNOK oDM w
u?U? UNOK hM w UULC uI( lOL lL p w U0
UNLOK w hoA p bu w dD Wb
rOKU Ue dH t vK WOUH c w rJ dOH u
Q? U?I??? W?N?O? l? VKD WOIK dD Wb b UQ
td tM u V ho WUF WI dG bI
 VKD
U??? W?O?UO tz wdF tKm tOM tU
U_ s V _ hoA p WOF{u d{ oKO VKDK
dF d' d: rOK VK id d_ bK u
WOU qzU vK UuDM UC

U?L??O? V?K?D? W?O?I?K? dD Wb UA rOK i q

UNz dF d Wmd UN `O wJ WUD Wb l d_ vC
UNzUU WKB UuKF* .bI
W?O?UH w UN qUI UH WUJ WOUH dA s U* qUI
b< WUJ
WOUH dA s U* b< WUJ WOUH s U* qUI
r?O?K VKD WIKF* lbU WIKF dIH c k UH WUJ
q?? r?zd? b?F? r?OK d_ tQ UMK o W1d' WFOD fO
UNO rOK u w WOUO rzd' s u_
U??H? d?& W?O?M?u? d WLEM* W1d' WUJ* b* 3_ WOUH k
qUI WOU u vK uDM UH rzd uKF* s UNM ULK UI
w? U?N? q?U?I? U??H WUJ WOUH dA s U* dIH c
b< WUJ WOUH
U? U?H WUJ* b* 3_ WOUH dA s U* qUI
WM WOKIF dR* b< WUJ* b* 3_ WOUH w UN qUI

b?F?? W?OzUM UOd UOUH d v d_ b vF

tOKU eeF 5d: rOK cOHM d_
d?? W?L?E?M?* W?1d' WUJ* b* 3_ WOUH s U* hM
3_ W?O?U?H? d?A? s ULK WKUI* WM udOU WOMu
b* 3_ WOUH s U* U UH WUJ* b*
UC
oDM w UMOO WOKIF dR* b<U U& WUJ*
t vK u_ q rzd vK
WOzUM UOd UUH d w dEM d_ bK u
f??( WuIF rNOK rJ sc Uo_ qI QA d_ bF
c?N WuLA rzd rNUJ Wd( s Ud( s d UJQ
rNuI b ULQ Uo_ p vM wJ UNLOK v WOUH
UM
WOUH dA s U* b< WUJ WOUH s U* qUI
wzUCI UFU WmU bb WOzUM UOUH UM UM b UH WUJ
W?O?d?F? b? 5 5d: rOK WmU 5d: rOK UUJ sLC
bUF UM ULQ UJ_ cOHM b WI*U UIKF p UQ u
w?zUCI UFU 5d: rOK WmU WOdF b 5 d_ bF
WOdF WOUH w UUdQ o 5d: rOK UUJ sLC wM_
W?M? wzUCI UFK bu* WOdF bUF* WM 5d: rOK
W?M?? W?O?d?F? ZOK) b UF fK 5 WOM_ WOUH
WM 5d: rOK QA WOuLM bUF* pcQ l
W?K?U?F? W?1d?' l?M?* s?U b* 3_ d9R d WuL sL{
WUF WU_ ddI dL v fD s UuQ UUU 5d:
uuOM b* 3

WU* WOuUI bU*

q?B?H?K bK dU uJ U U??U u_ q rzd _ d?E

b?F? U?N?O?K? u?B?( U?J? d?A?*d?O? UNKm cI u_ 5

d?C? s? U?Q p?c UB* s QM0 uJ UNOJU vK dF
U?d??? l?L? U?N?D{ u_ c l w UNMO ULO b UF
W?O?b? b?UF* XB p q s UNOJd WI* UNM W_
oU bUF* w QA c w WU* WOuUI bU* UJ vK
u_ q rzd vK UNUJ oDM w UdQ
w? W?U???* WOuUI bU* w wb UF UJ b
d?R?* b?< w? U?& W??U?J?* b* 3_ WOUH s U*
W?1d?' W??U?J?* b???* 3_ WOUH s U* WM WOKIF
b??* 3_ WOUH dA s U* WM WOMud WLEM*
u? r?O?K w - ULQ U_ qFM U UH WUJ*
s UNKUI U dQ l WLEM* W1d' WUJ WOUH s U* w U
5d_ 5bUF* dI
WM WOzUM' qzU* w bU* U QA WOuLM bUF* UC
l
w? W?1d?' b?zUF oKF ULO bUF* cN oK* UO uQud
U?N? w tA UJK2 tM uQud c w UNHdF V
dU dO dU u vK WII WOQ UJK2 UN WLJ; nAJ
s? W?O?Q?? d? V?U?J UJK2 WLO q9 UN d UJ WO
U d UJ
5d: WKUF W1d' lM* b* 3 sU d9R* UL WuL l
W???M?U? o?U?? g?U?N? w? t?O? U oU WM
uQudK WMU bUFLK

 wK U vK WU* bU*U WmU) uQc* U* hM

WOuUI bU* s sJ2 b dQ iF UNCF d_ b bI
q?B?? ULO WOzUCI d UI* UIOI w WU*
U?NM U?* t?O?K? h?M? UL WOUH cN WuLA* rzd'U
UbM WKU2 bU0 UOU d_ UNM qQ b9 u_ q rzd
UA* d' w U WuIF WUD dD Wb b uJ
w? U?0 w?M d l?U? U?* s? dIH w tO
_ U?N?bzU UNOK uNA rzd' pK UU{ p
W?O?I?K? dD Wb w bu UNOK W_ UNUJ w WKLF*
d' UJ w WFU{ WLEM WOd WUL VKD
t vK UD UD WuMF* WM udOU WOUH s U* hM
WOU rzd' lM vK pc U tOK hM U UMU WOUH c oDM
UNOJd WI UNO oOI
u?_ q?? r?zd? U??H rzd u* vCI0 Wd: UF_
WOUH c s WbF dO WKd rzd
WOUH c s U* w u ndF V dOD) W1d'
W?O?d? W?U?L tO WFU{ uJ wM d lU d' uJ ULO
WLEM
wM d lU d' uJ U* c s dIH w
b W s dQ w VJ
t b jODo sdOQ VU d sJ b W w VJ
d W w tOK d tNOu
W?L?E?M? WOd WUL tUJ w XFK{ sJ b W w VJ
b W s dQ w WOd WDA U9
d W w bb U t sJ b W w VJ

W?O?I?K? Wb 5u vCI0 qUJU WU* WOuUI bU* bI

q?B?? U?L?O? W?K?B? U?N?U??O?d UNUUH UNbUF VKD
w?? r?zd?'U WIKF* WOzUCI d UI* UIOIU
c? s? U?* v?C??I?0 U?N?M? WOu* WU WO qOL% u
WUD Wb w WOUH
U?* c?N UI bI w WU* WOuUI bU* VKD u
WOU d_ s _
Uo_ s u W vK uB(
WOzUCI bM* mOK
bOL jC gOH UOKL cOHM
lu* UO_ h
d) UN uI w ULOOI W_ UuKF* .bI
 UNO U0 WKB  bM* um .bI
UL_ UQdA WOU* WOdB* WOuJ(
UNM WbB a WU PAM*
_ UJKL* rzd' bzU nAQ vK dF
W vK uB( d_ Ud UH d_ UO_
WUD dD Wb w WOu Uo_ u dOO

WUD WbK UuC* rOK jC gOH c VKD WOIK Wb cHM
U* l WOM s dOG uI d{ b dA WOb d
WOzUM' qzU* w bU* U WOuLM bUF* s

W?b?K? wKb uUI l UF bU* s d u

VKD WOIK dD
wKb uUIU U dD WbK WB< UDKK u
W?O?zU?M qzU0 WIKF UuKF qO% U?I UK vIK
UuKF* c d ULO d d W w WBo WDK v
WOzUM' d UdU UOI vK WDK pK bU sJ1
uB d_ dD Wb UO v vCH b UN UM UNU9
WOUH cN L VK
U?0 ? U?* c? s? dIHU ?L? U?u?K?F* WU uJ
U?D?K? UNF w Wb w WOzUM d Ud% s d

WUJ WOUH U be b< WUJ WOUH s U* qUI

UIOIU oKF ULO bU*U WmU) WOdH dIH WOMu d WLEM* W1d'
v_ U* U?C? l? W?U?? Uo_ WU0 WmU) UI*
s UB WOzUM' qzU* w bU* U WOuLM bUF* s
dA s U* qUI UdI b* 3_
UH u bB s nAJU 5mU sbM U l UH WUJ WOUH
UL uQc* bM hM wKm_ UbK v u_ pK U UNF
wK U bU* VK d s vK
U?b?O?L?& U?H UF s WOQ* dA* dO bB* u_ nAQ
Ud UH
WOKm_ UNbK v u_ pK U
s? U??K? d??A? c? b?< W?UJ WOUH s U* qUI
WIUD wN UH WUJ WOUH dA s U* U dD Wb
uQc* WLEM* W1d' WUJ WOUH s dIHK

w?? W?B??< U?D?K? q9 UuKF* pK bI w WB<

u? U?L??J? w? U?u?KF* pK UIS VK _ UuKF* vIK
W?b? l?M?1 c? b?O? U?N?bo vK uO dH U??R

U?Bo d??
U?u?K?F? U?N?d? w? w?AH s WOIK* dD
W?b? U?D?S? W?O?I?K?* dD Wb uI WU( pK w U?L?N

dD Wb l UA UuKF* pK UA q WKO; dD

UD UA pc WKO;
b?U?F? W? s? WUM UeU qo U U* c UJ w fO
W?O?uUI bU* rJ rJ% d_ bF WOzUM d
UOze UOKQ WU*
?L? W?bI* UKD vK U* c s v s dIH oD
U?? bUF0 WDd dO WOMF* d_ b XUQ U* cN
b?U?F?0 W?D??d d_ b pK XUQ WOuUI bU*
r?U? b?U?F?* p?K w WKUI* UJ_ oOD V qOI c s
UNM b U* c s v s dIH oOD vK b oH
qN XUQ dIH c oOD vK bA d_ b lA
UF
3_ W?O?UH dA s U* s UC WU) dIH dIH c qUI
b< WUJ WOUH s U* UH WUJ* b*
U?* b?< WUJ* b* 3_ WOUH s U* qUI
UH WUJ* b* 3_ WOUH dA s
U?* b?< WUJ* b* 3_ WOUH s U* qUI
UH WUJ WOUH dA s

W?U???* W?O?u?U?I? b?U* .bI id d_ bK u

WOdB* Wd W U* c vCI0
vCI0 WU* WOuUI bU* .bI id d_ bK u
W?O?I?K WbK u t bO .d WO UH W U* c
dI c bIU bU* bI UUM

p d UbM VKD
vCI0 Ud q1 uK UQ UL dEM dB UdbI V
VKD WOIK dD WbK wKb uUI

U?* b< WUJ* b* 3_ WOUH s U* qUI

WOuLM bUF* s U* l UH WUJ WOUH dA s
b???* 3 WUF WOFL' d WOzUM' qzU* w WU* bULK
r
UM k UH WUJ* b* 3_ WOUH dA s U* qUI
hOBo b k rOKK d .d WO b o ULO UM
u?? W?U???* W?O?u?UI bU* rOK s qJ WMU U?C? oD
s rOK - w dO WIU d W1d s tLOK - c hoA WI
r Uu WOUQ b Wb s d) Wmd t XO UNK
u t ULQ UOU UNO tLOK - w Wb v U r d do
W1d' pK q s tI wQ UNO rK* Wb VU s WU Wb tLOK
w? u? pcQ bu rOK d vK U% p w _ WIU
VKD wIK dD s WI WIu WU* WOuUI bU* WU
VKD wIK dD UN
w? W_ UuKF* VUD dD u
w u pK dO WOzUC d UI UIOI% w UNbo
UFK bu* WOdF WOUH s \ 5U* rOKK WMU l VKD
b* 3_ WOUH s U* WU* WOuUI bULK WMU wzUCI
WOKIF dR* b< w U& WUJ*

d? W? r?O?K w tuI wCI e ho qI u

d?F?? d?_ d? d? W? w u uKD
UIOI% q s W vK uB( w d bU .bI UNA
W?OUH cN WuLA rzd oKF WOzUC d UI
UOU UdA vu u_ q rzd p w U0
rK s Uu hoA p WIu
UU d b U0 UM 5dD 5b w WB< UDK UH
d s UUM UdD Ub
U* c s dIH d_
b?O? t?zU?I? W?D?K? h?o?A? U?N?O? q?I?M? w?? d?D WbK uJ
U?N?M qI w Wb VKD r U pc e UNOK U
p dOG Q p dO hoA
tUS UNe UD hoA UNO qIM w dD Wb cHM
UI tOK oH U* U?I UNM qI w dD Wb bN v
5dD 5b w WB< UDK 5 d um WQ
W?b? V?U?D? h?oA UNO qIM w dD WbK u
p? U? q? s? r?O?K?? d? b?? U?N?M qI w dD
hoA
W?b w U s uIM* hoA UNOCI w b* V%
d?D? W?b? w tOK W{dH* WuIF b sL{ UNO qI w
UNM qI w
s? U?* o?U?D? b?< W?UJ WOUH s U* qUI
UH WUJ WOUH dA
UH WUJ WOUH dA s U* qUI

UNM U ho qI dI w dD Wb p vK ou r U

h?oA p WI u U* c s \ 5dIHK UI
d? uO d tUF U tOM XUQ U
UF V UNO qIM w Wb rOK w WOBoA td vK
w Wb rOK tUG* WIU W UJ UUM UH
UNM qI
UK wIK Wuo Wu uJ WeQd WDK d W qQ 5F
v UNUS UKD pK cOHM uI WU* WOuUI bU*
WmU WIDM dD WbK UQ ULO UcOHM WB< UDK
UN U WU* WOuUI bULK qI UE U rOK
WIDM* pK oKF ULO UN UN* vu dHM WeQd WDK 5F
c?O?H?M? W?? W?d? W?e?Qd?* U?D?K?? q?HJ rOK pc
VKD WUS WeQd* WDK uI ULO UNU UIK* UKD
c?O?H?M vK WB< WDK pK lA cOHM WBo WDK v
r?U b* 3 UF 5_ dDo WLOK uB Wd VKD
p?m b?S? W? q?Q U?O? X? dG cN WOMF* WeQd* WDK
U?N?O? U?L?C Ud UNu WOUH c vK UNIbB
v UN oKF d WU* WOuUI bU* UK tu
d?A? c? f?1 d_ b UNMOF w WeQd* UDK
d* UKD c q tOu dA w d W W o
s? d?I?H? c? q?U?I? tM tuM o c hOBo b* oOD c
WOUH dA s U* s dIH b< WUJ WOUH s U*
UH WUJ

o?H?? ULO WKUF U( w WOUuKb uMId UNO

WOzUM' WdAK WOb WLEM* od sF UOMF* UdD Ub
p sJ
q U lOD WKO WQ sJ ULO WUQ UKD bI
`O dA VKD WOIK dD Wb b WuI WGK uJ
3? U?F? 5_ dDo tm s oI dD Wb pK
q?Q U?O? X? d? W? q?Q b? W?uI* UGK WGKU b*
U?N?u?? W?O?UH c vK UNIbB pm bS d W
o?H?? U?L??O? W?K?U?F U( w UNO ULC Ud
vK UuH UKD bI u p vK UdD Ub
uH vK WUQ bQR
WU* WOuUI bU* VK sLC
VKD WbI WDK Wu
oKF c wzUCI d WI* oOI WFO u{u
W?I?* oOI vu w WDK nzU rVKD t
wzUCI d
UKDU oKF U UMU u{u*U WKB lzUuK UBoK
WOzUC bM mOK dG WbI*
dD Wb u 5F d qOBH WLK* bULK UHm
tU WUD
WOUH dA s U* b< WUJ WOUH s U* qUI
UH WUJ
WOUH dA s U* b< WUJ WOUH s U* qUI
UH WUJ

p sJ ULO tOM tUJ vMF ho Wu

dOb UuKF* W_ tK s fLK c dG
U?bM WOU{ UuKF VKD VKD WOIK dD WbK u
U?b?M? w?K?b? UNuUI UI VKD cOHM Wd{ UN UN 5
cOHM p qN UuKF* pK Q s uJ
VKD WOIK dD WbK wKb uUIK UI VKD cOHM uJ
p UQ U*U sJ ULO VKD w b; d UI pcQ
VKD WOIK dD WbK wKb uUI l UF
W?H?B? d? W? r?OK w uu ho u UL 5F UbM
p uJ d d Wb WOzUCI UDK U dO bU
dD WbK u wKb uUIK WOU_ U* l UIH UMJ2
UL WK bIF d_ Wb VK vK UM `L v_
w?M?F?* h?oA u UuB UMJ2 sJ r ubOH od s
oH d_ bK u WUD dD Wb rOK w tHM
dD WbK WFU WOzUC WDK UL WK vu vK
VKD WOIK dD WbK WFU WOzUC WDK UdC% WUD
d?A? s? U?* b?< W?UJ WOUH s U* qUI
UH WUJ WOUH
d?A? s? U?* b?< W?UJ WOUH s U* qUI
w? b?U??* U??? W?O?uLM bUF* s U* UH WUJ WOUH
b* 3_ d WOzUM' qzU*
d?A? s? U?* b?< W?UJ WOUH s U* qUI
UH WUJ WOUH
UH WUJ WOUH dA s U* qUI

Ue w W_ UuKF* qIM WUD dD WbK u

U?I? UIOI% w UNbo VKD WOIK Wb UN
W?I?? WIu VKD w uQc* p?K? dO WOzUC d
W?b lM1 U dIH c w fO VKD WOIK dD Wb s
v? R W UuKF UNd w wAH s WUD dD
W??U?D? d?D? W?b uI dO_ WU( w rN ho Wzd
U?A UA b q VKD WOIK dD Wb UDS
w? cF p UNM VK U VKD WOIK dD Wb l
S WUD dD Wb XU o UF tOu WOzUM WU
UA b UD VKD WOIK dD Wb
W?O?I?K?? d?D? W?b? v?K dA WUD dD WbK u
? b?I? UMU tuLC VKD Wd vK kU% VKD
d?A? q??9 VKD WOIK dD Wb vK cF cOHM
Wd t vK pc WUD dD Wb XGK Wd
WOU u_ w WU* WOuUI bU* .bI i u

c qUI dIH c tdQ U UM ULJ hOBo u qm_U

s dIH b< WUJ WOUH s U* s \ 5dIH dIH
U?C? l? W?M?? `?I?M* UH WUJ WOUH dA s U*
s? U?B? W?O?zUM' qzU* w bU* U WOuLM WOUH s U*
WM b* 3_
WOUH dA s U* b< WUJ WOUH s U* qUI
w?bU* U WOuLM bUF* s U* U?C l UH WUJ
r b* 3 WUF WOFL' d WOzUM' qzU*

U* c UJ_ UI VKD bI r

UNUO f1 b VKD cOHM VKD WOIK dD Wb
d_ WOU_ UN(UB UF UNUE UNM
dE VKD WOIK dD WbK wKb uUI Q s UQ
p UQ u qU2 d QA uKD* d cOHM UNUDK vK
U?N?? U w WOzUC d WI oOI U?F{U d'
WOzUCI
dD WbK wuUI UEM l UF VKDK WU XUQ
\ WU* WOuUI bU*U oKF ULO VKD WOIK
bU* uKD* d' d VKD WOIK Wb v UF id uJ b
b? U?/ b?U??* VK Q UI vK qL U UM wUO lU tO
t??O??M? t??U? t?M dBM V tUF ho WLQU dG
_ ? d?F b hoA p l{ Q WOUO tz wdF tKm
U_ pK s V
WuIF WFO v WOU WFO UN  W1d' WFO v id ld b
u?b? u?I? b?F?Q W?QdA rOUH UOCI  WOb WuI WID*
d??U?Q b?U??* s? b?? u? .d??? b?* w?C0 WuIF
U d UNKO UNd bF UNUI WOJK WOJK UB
cOHM uKD* d v id ld b DNA U) w uM iU(
VKD WOIK Wb 5 UF v T b U2  WOUuK VzUI gOH u
V?K? _ i?d? u?J? U?O?? s? wM VzUI( pK UNF w Wb
VKD WOIK Wb w UNM WLQU; UNO oOI d W1d U bU*
c? W?b?K wuUI UEM l VKD wUM WOMOF b* U?I UNmUB
V?K?D? U?Q d? s? dQ bu WFu s bu hoA WLQU eO
Wb uU t `L d d Uo sLC
WOUH dA s U* b< WUJ WOUH s U* qUI
w? W?U* bULK WOuLM bUF* s U* UC l UH WUJ
b* 3 WUF WOFL' d WOzUM' qzU*

d: WU WOuU bU VK id d_ bK u

WOU qzU vK UC uDM d' U
WU* WOuUI bU* .bI i U b
w? W?U?* WOuUI bU* VK VKD WOIK dD Wb cHM
W?O?zU?N? b?O?u? s?J?2 b? v?B v vd sJ2 X d
VKD w qC_ vK UNU u WUD dD Wb UNdI
w?? W?u?I?F* UKDK VKD WOIK dD Wb VO t
VKD W'UF w d; bI QA WUD dD Wb s UUIK
t? v?K? V?K?D? W?OIK dD Wb WUD dD Wb mK
WLK* bU* v UNU wNM UbM Wd

r?zd pcQ WOU qzU vK uDM u_ qO rzd _ wFO c

W?UJ WOUH dA s U* s dIH dIH c qUI UH
W?M?? U? qu9 lLI WOb WOUH s U* U?C? l UH
WOuUI bU* 5d: rOK d_ u t vK hM w
U?N?O? d?? dA U qu9 rzd s W1d U WU*
i?d? b? W1dK wU* lUDU c bK u wUU WOU W1d
5d: rOK WOuUI bU* VK
d?A? s? U?* b?< W?UJ WOUH s U* qUI
w? b?U??* U WOuLM bUF* s U* UH WUJ WOUH
r b* 3 WUF WOFL' d WOzUM' qzU*
l? d?I? U?* U??H? W??UJ WOUH dA s U* qUI
WOzUM' qzU* w bU* U WOuLM bUF* s U*

UNuJ WU* WOuUI bU* qOQ VKD WOIK dD WbK u

UNO WU WOzUC d UI UIOI% l UF
dIH vCI0 VK i q VKD WOIK dD Wb UA
U?* c? s? dIH vCI0 cOHM qOQ q U* c s
U?M bU* .bI sJ1 UQ ULO dEMK WUD dD Wb l
W??U?D? d?D Wb XK S UJ d s Ud{ d U0
dA pK U UNOK V dA pK UM bU*
W?I bF WmU) U* c s dIH UDU U
bU .bI bUAQ tu c_ WUD Wb v uIM* hoA
U?N?M? u?I?M?* W?b? r?O?K? t?U?G? v?K WIU UF s d
W?I? u WOBoA td vK uO d U
dD Wb VK vK UM ou d ho dO bU
b?U?* vK WOzUC d w tUNA vK WUD
d?D? Wb rOK w WOzUC d UI Ud% w
tUF d hoA dO) bUA p U WUD
p? r?O?K? w? W?O?B?o?A? t??d? b?O?I d d _ tUC
tUG* oU W rJ UM UH qF uBo dD
W?U' d u bU* UNOK uDM w UuKF* .bI qdF bI
s U* s dIH dIH c qUI dD WOIK dD Wb w
UH WUJ WOUH dA s U* b< WUJ WOUH
qUI b< WUJ WOUH s dO_ UdD w UOze U* qUI
b?U?F?* s? U?* U??H? W??U?J? W?OUH dA s U*
WOzUM' qzU* w bU* U WOuLM

dO) bUA wI ULC c wNM VKD WOIK Wb rOK

b?F WUD dD Wb rOK w UO i0 d hoA
WKB Uu dA WL b UG* Wmd t XO b uJ
tO mK c aU s U UdD Ub UNOK oH b W
W?U? w? W?OzUCI UDK s U?u?K?D bF r u Q UOL
U b uJ bF UO i0 rOK v tu
V?KD cOHM WUF nOUJ VKD WOIK dD Wb qL
W?O?K XUQ p dO vK UOMF* UdD Ub oH r U
v?K? V WU dO WLo{ UIH eK eK VKD
w? UJ_ dA bb UA 5OMF* 5dD 5b
nOUJ qL% WOHOQ pcQ UUCI0 VKD cHMO
WOUH dA s U* b< WUJ WOUH s U* qUI
w bU* U WOuLM bUF* s U* UC l UH WUJ
r b* 3 WUF WOFL' d WOzUM' qzU*
d?A? s? U?* b?< WUJ WOUH s U* qUI
U??? W?O?uLM bUF* s U* U?C? l? U??H WUJ WOUH
ho qIM WDd* UIHM k WOzUM' qzU* w bU*
bU W .bI UNA  dF d_ u d v W s
ULK UI UNO qI w Wb w tzUIO W vK uB( qO w d
u? U?L? U?I?H? p?c?Q W?U?F?d?O? nOUJ s bF \
W? w? t?U?L? d W w u WU w dO bU WHB ho
RN b UF l V WOUH s ULK UI d
5?H?u* UI UIH d) dUI UNKD w UIHM pcQ Uo_
n?OUJ iF qL% lOD b WOUM Wb iF k 5OLd
cOHM UKD UHO s UNMOJL UNbU V pc WUF

s? U?o?? WUD dD WbK VKD WOIK dD Wb du
w UNu w uu* WOuJ( UuKF* ozUu 
UM WUF UNUS wKb UNuU `L
v bI UdbI V VKD WOIK dD WbK u
s? U??U?M? d? U?0 U?M? U?O?ze? U?O?KQ WUD dD Wb
W?O?u?J? U?u?K?F? o?zU? ?? s Uo d
W?U?F? U?N??U?S? w?K?b? U?N?u?U? `?L?? UNu w uu
UM
U?U?H? b?I? W?OUJ w UC V d_ b dEM
UJ s Uu* d_ bo d_ bF WOzUM UOd
UeF wKLF oOD l{u UNFC U* c
WU dO dIH c s bM w UNO UA*  ozUu XUQ
U?D?K?? U?N?M a vK uB( UNOK U* s UNMJ uNLK
s Uo du Wb cN S Wb b WOzUCI UDK uUI UH
U?d?O?u s UNMJ9 w UNH dA Vu0 WUD WbK q WIOu
W??U?J? W?O?U?H? s? U?* s? d?I?H? d?IH c qUI UNUDK
s? U?* U??H? W??U?J? W?OUH dA s U* b<
WOzUM' qzU* w bU* U WOuLM bUF*
d?A? s? U?* b?< W??U?J? WOUH s U* qUI
w? w?zU?M? U? v?K? d?EM sJ1 hM c vK UM UH WUJ WOUH
WI bU* c uJ V UF UN1bI uKD* bU* UD lOu
5 WLzUI Ue s hM c hIM VKD WOIK Wb uU l
b?b?F? U?M? k p dO dI r U d UUHU L d_
U??O?U?H UM pcQ wzUCI UFK WOdF b 5 WOzUM UUH s
ZOK) b UF fK 5 WOM_ WOUH UL UFK d_ bF
WM wzUCI UFK bu* WOdF WOUH WM WOdF

b?U?F?*U? o??K?* UO uQud tOK hM U w p

s? W?1d?' b?zU?F oKF ULO WOzUM' qzU* w bU* U WOuLM
wb UF U w tK w U/ W1d' bzU s bd w bU
rzd' WMU WOdB* Wd l c w qb w qzU* r s
UNM WLQU; UNO UIOI Ud d UM u_ q
dOD rzd bo rzd s WKB
WuG* u_ XUQ u

WKB* ozUu  UC U rzd rEM dU WDd

UR WOdB WOU UR w XUQ u hHK u_ pK
UR* c UC pcQ 5Q WdB URLQ d WOU
UNUm v UNUS bzUF w dB WQ w dEM l WdLK
rzd' WUJ0 WKGA* UNK UN dU UH rzd w U( ULQ
rzdQ d_ rzdK WMU b vK WU qQ w dEM UNU
b? t?OK oH U vK hM sJ1 rEM* d WDA b<
u?Qu?dK U?I?? b?zU?F? k? WOzUM UOd bUF w
U?N?' n?A??J? UN w tA UJK2 qLA uQc* UO
W??O?? d?U?? d?O? dU u vK WII bL UN WOzUCI
s? W?O?Q?? d? V?U?J UJK2 WLO q9 UN d UJ
U?& W?D?A? b?o? b?zU? u?J? b?I? wUU W1d UJ
XUQ u U bzU WdA* dO Ub) lK w WOd
uM X% UH WUJ* b* 3_ WOUH dA s dJ U* hM
U?N?L?E? w? W??U?M? UO WU d_ b qHJ vK WOdB* Wd
WuLA* rzd' w oOI dF w UIF vK VKGK WOKb WOuUI
WOdB* Wd 5u oOD s QAM b w WOUH c w

Ue* WOuUI bM* WU dO WU WuIM dO WuIM c

d?U? qJA W1d' od s UNOK uB( - u WOU* WLOI
d?U?? o?d? s bL* u_ Xu?
b? X?U?Q Q dU dO
\ UN dSQ UNM bu XUQ dQ Xb

U?I vK W qL U UM UQ uQc* uQudK UI

d Wb WOzUCI WuK WF{U w uu W1d bzU Q

c? uu UI vK UNKL w U_U dO_ c rKF UN
V?K?D? WOIK* Wb vF p wB?I? UNO VKD UNb bzUF
UNUd% ZzUM WUD Wb rKF p s bQQ v
w? o?O?I??? U?J?K??L* d UHU VKD WOIK Wb uI
s?J?1 w d_ UUO UuKF* vK uB( WOU* UF*
W1d' s bL* u_ UF 5Q vK bU
W?1d?' s? WOQ UN w tA* bzUF vK uF r UbM
w?? d?O?b?? WUD Wb VK vK UM VKD WOIK Wb co
bzUF w dB qI qUF lM* wKb UNuU UN `L
UOzUN bzUF c w WUD Wb WLJ X v UNO tA*

WUJ WOUH s U* b< WUJ WOUH s U* UC l

UH WUJ WOUH dA s U* WLEM* W1d'
UIF uIM* uIM s C U* qO vK bzUF c w qb
WOdB* UJOA dH UJO WOdB* UULz WOM* dO WOM*
U?U?D? U?O??L?J? b?M?? W?O?U* _ rN u(
a UL

cOHM wKb UNuU t `L U bI VKD WOIK Wb uI

b?zU? s? b?d??U WUD Wb w WLJ s Um wFD d
VUM d Uo v UHS UL r v UNUB0 W1d'
WUD Wb s VK vK UM bzUF jC d
WOM s dOG uI d UdD qHJ
w? r? b??* 3 WUF WOFL' d w U b
q?B?? b? W?O?U? ULEM* 5OU qu9 WM dL
W?d?A? d?O? W?D?A? w? q?L?F ULEM s dU dO dU odD
p?c u_ e b?< W??K_ w dA* dO U&UQ
c?N? bB WuA* u_ UQd% lM* WOLOEM dOb UL V

W?O?M?u d WLEM* W1d' WUJ* b* 3_ WOUH s U* UC l

WM
UUL'U tm bo 5OU WdD* WOMb UH s iF X
dH* WK_ vK uB( WOU tDA quL WLEM* WOd
b?( q? U?u?N? o?OM vK b WOd UUL' Xm pc
w?u?U? ? w U dQ U oOI Umd pc UNHM WO WOMu
w? W?M?? W?OMu d WLEM* W1d' WUJ* u d9R* s UB
WOMu d WLEM* W1d' lu b{ UHJ vK WU b tM WOU dIH
U WOMu d WLEM* W1d' 5 WLzUI jd oKI mU k UN
X?U?Q r?E?M?* d? s? e?OL wd UA U w p
n?u?o?? u? w?U? U?A?M? d?u?? U?LNMO UI wu iF UM
U?U?O? r?E?M?* d? c?? b? t?M dGK umuK U ld
w? U?0  ULF od s dU uB nMF U nuoU
WK_ Ubo WOU UUL' UJOJ p w UF dH* p
lb uJOMJUQ WdJF WFOD WK_ qUMIUQ UN c w
p tu bO* d( UQU

 U?I?? Wd w o( U U Q UI l{ UQd
WdA* u_
W?U?? W?b?F? 5uI UH U s t sUF* UC luD
s qI Wd WOA vK WU( c w  bo uDM b
uOU UNU1 w pK
? bo uJ b WOd tDA dU* WUM dQ WO WON
d??Q U?N???U?M? v?K? U?C?I?K rEM* d d UUL v UNu
d?O? U?N?U?b? U?N?F?K? o?u WmdH WON UNU vK UCI UNQu
UUJ WdA* dO U vK WMLON WdA*
UN u b WOd WLEM* d vK WEULK
dBMFQ dH*  boU 5F b WOd tDA cOHM
e b U dOE nD VN s tDA cOHM tM vM
U?N??U?L? j rEM* d UUL WOU UUL' bU b
U?L?Q W?OUO UN{d oOI% vK UNMOF U vK uB( WOG UNOK
w? U?&U?Q r?E?M?* d? W?D?A? i?F? U?9 b? W?O?U? UUL'
t? W?O?UO UN{d cOHM u vK uBK b< WK_
_ U rEM* d 5 wU wuub UF UM UQ
d?O? U?b?) l?K?? w? W?O?d? U? od s `d tb _
U?L?N{dQ UOUO uJ U U U s bN ULMO WdA*
o?O?I??? U?LNM qQ UbLF w UOOd ULNULOEM WHKo
s? ?Q U?L?Q U?N?MO eOOL cF* s b uJ b d_ pK
ULNOKQ _ uUI UO bN WOdI1b uI
rEM* d U
wI sJ uI ULF od s u dDO d d vK uI
u?N? r?E?M?* d? U? b? s? V?Jd b UU WOz u UM
s? U?H? r? W?OF rOEM ULJ bF vK uI wd dA
UH qzU qCH rEM* d ULNM qQ s dG YO
d s be uI bo _ dC uI ULF nMF v QK
t?I?MF c t dH ULz vFO U U tHAQ uUI qb
UO UQ UOK U U tU& bzU s UO u1 rEM* d
U& s rEM* d U bo b tUA U s uLO

U qu9 w WK_ b< w dA* dO

U? q?u?9 l?L?I? W?O?b? W?O?UH bm bI U vK UM

d??L?? w? r? UNK b* 3 WUF WOFL' s UB
tS ho UO UNQ U qu9W1d Xd w WM
dA dO qJA dU dO dU WKO WQ u lL .bI
s? q?L? w? U?O?ze? U?O?K?Q b?o UN rKF u UNbo WOM
o?d? w u l??? o?O?u?* bUF* UNOK hM w UL_
v bN qL Q WM U qu9 lLI WOb WOUH
W?O?b? d?? t??U?m d? ho wb ho u VO
U?N?u? t?UO w tFO rJ qLF c s dG uJ WLO
q?L?F? U?O?I? v?K? W?O? W?L?EM WuJ U UJ ld
WOUH s t UOI s UM

U dzUD vK dA* dO O lL WOUH w UOUH c

wb* dOD W b{ WNu* WdA* dO UL_ lL WOUH
5?F??L??* U?o?_ b?{ W??J?d* rzd' lM WOUH Udu
dL UNOK WUF* uOUuKb uHu* rNO s0 WO WUL
W?U?L?( W?O?U?H dL szUd c WCUM* WOb WOUH
U?L? l?LI oKF* uQud U UMOO WuM uLK WU*
lL WOUH qLJ* wb* dOD bo w UD* w WdA* dO nMF
d?d?? U?d??u? w?b?* d?O?D? W?? b?{ W?N?u* WdA* dO UL_
U Wd W* W b{ WdA* dO UL_ lL WOUH
b{ WNu* WdA* dO UL_ lLI oKF* uQud U
U? U? U?I? d?' v?K? W?F?u? WU UBM* W
W?UF WOFL' UNbL w qUMIU WOU ULN lLI WOb WOUH
WM dL w b* 3

W?1d? U? q?u?9 W?1d? b?I??* n?dF s `{u s

w?? W?OzUu dOb iF u?_ q? W1d s WKI
s bF WuA* u_ UO UUo U* w WOUH UNOK XB
u_ q rzd' WMU UNIOD sJ1 w WOb uN'
s? v? d?I? v?_ U?* w? u? u?_ n?d?F k
WuIM* dO WuIM* WU* dO WU* u_ s u u WOUH

q s W dOb d W qQ co vK WOUH s U* hM

U?N?u?U? V?u?0 W?O?zU?M rzd quL rzd U* w WMO* rzd' U
wKb
u??M? v?K? U?N?u?D? v?d? W??U?M? U?u?I?F rzd' pK vK WUF*
Vu
WOb WOzUM WU WU Uo_ WU vK UNM U* hM ULQ
c? s? u??? U? v?? 5?O?F?O?D d_ WU0 W
Vu s rzd' c quL W1d UJU c tHB dOO hoA
Wb UN jd bUF u rOKK W d WU w UNO rOK
w?u?U?I? U?_ w? q?u?L?? l?L? b?U?F dF rOK UNO uKD* l
U?I?O?I?U oKF ULO WOuUI bU* s b dQ b U rOKK
V?K? i?d WOdB* UuKF* Wd c u WOzUM' d
c u .d hOBo wbU Ud l WOuUI bU*
W1d WKB WOUO W1d' Q WOU W1d' Q rOK bU* id
WOUO lb WJd WOUO
UUL' rEM* d UUL 5 WIO U QAM b t UMO o b
WuG* u_ s UNULEM WOU UL_ U u1 b WOU
j?? d?O?E? W?O?U? U?U?L??K? UQQ rEM* d UUL UNFb w
q??G? b?< ?? w? W?O?U? U?UL' iF d UNUL
U?U?L?' d???? b? U?M?b ULQ UN{d oOI% vK UN 5F UNB
W??? U?NDA vK UH UD `d v vF WR WOU
dO) rU t vK WOdA

UQ U WOuUI uJB ozUu XUQ WKO Q UNOK qB w

W?O?JK vK b w wLd wdJ qJA p w U0 UNKJ
UULz dB( U* qO vK p U0 UNO WKB u_ pK
r?N? u?( W?O?d?B?* UJOA dH UJO WOdB*
UL UUD UOLJ bM WOU* _
b? UF UNMO sL WOUH s U* w u dOb U
wK U Uo w UNMO ULO d_
?U?F?*U? W?K?m UN w d_ sN* WOU* UR* eK dOb
U?N?z?L? U?u? s? o?I???K WU* dOb QHQ boU WOU*
U?U? `H sc LF Uu s cQ sdUF sUF*
W?u??A?* W?U?F? d?O? ?U?F?*U U UL rN(UB
dG cN wd UA UN w tA w UF* s mOK
wK ULO dEM d_ b vK 5F
uN UNM bOH* UNUm uJ UU ` dE% WLE l{
o?I?% U?L?C? d?Ob Uo tu s oI sJ1 WuN
UF* pK 5OIOI( 5JU* Wu s UR* pK
b?b??? oKF ULO UOIU UC bM WOU* UR* e
d?O?b? U?o?S? W?u?M?F?* U?o?_ WU UUOJ Wu
u?B?(U? p? wuUI tKJO s qOLF u s oIK
WQdAQ tKO vK qO vK 5M s q s tM
tuM wuUI tKJ qOLF rU WIKF* UuKF* sLC
UOJ p e WDK WLEM* UJ_ tdb UL

u?H U U?e?? W?OU* UR* vK dH WLE l{

W?U?F? d?O? b?I?F?* d?O??J? ?U?F?* q?J WB< UDKK
dU UB d UN fO w UFLK WUF dO U/_
W?O?zUM' WOu* qL% vAo `{ wuU b
U?u?K?F?* s? n?A?J? b?F eK bO UN s WOb*
WO s UNQuJ XGK
q?_ v?K? u?M? f?L? b?* U?H?U WOU* UR* e
WOb WOK; UF*U WIKF* W  lOL
s U qu9 rzd lM w pcQ d_ b UF
w dEM
u?_ qu% UQ lOL vK d dOb l{ WOUJ
UN hOd  p w U0
b( d U* qIM bm nAJ `L dOb oOD WOUJ
UULC UM UNKU( bK WKUI uJB WbIM u
U?u?K?F?L?K? V?U?M?* b?o s bQQ UNM dG WUm
u_ WQd Wd qJ Q U*
U?u?K?F?* U??? u?_ q? s WUuK d_ b UF
o?O??M? W?O?K?b? U?NUFdA UI UNm s oI?L
 W?I?Ob
]
d?G? U?C?? V? co* dOb s UdO W dOb
od s ULO rzd' pK s WUu
pK WUOm WB< Udz UNeN 5 ULO UB uM UA
lOL WIKF* UuKFLK ld uQ* U dOO uMI
rzd' pK Vu