Main legislation

Community legislation

Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 -  Prevention of the use of the financial system and designated non-financial businesses and professions for the purposes of money laundering and terrorist financing;
Commission Directive 2006/70/EC of 1 August 2006 - Measures implementing Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005;

Regulation (EC) No 1781/2006 of the European Parliament and of the Council of 15 November 2006 - Information on the payer accompanying transfers of funds;
Council Regulation (EC) No 2580/2001 of 27 December 2001 - Specific restrictive measures with a view to combating terrorism.

National legislation 

The national legislation is not entirely avaliable in English, please refer to the original version in Portuguese.

Law No 25/2008 of 5 June 2008 - Preventive and repressive measures to combat the laundering of benefits of illicit origin and terrorist financing (transposes into Portuguese law Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 and Commission Directive 2006/70/EC of 1 August 2006);
Law No 52/2003 of 22 August 2003 - Fight against terrorism;
Law No 11/2002 of 16 February 2002 - Rules on the punishments for violation of the sanctions laid down by Community Regulations;
Law No 5/2002 of 11 January 2002 - Measures for the combat against organised crime and economic and financial crime;

Decree-Law No 125/2008 of 21 July 2008 - National measures necessary for the effective implementation of Regulation (EC) No 1781/2006 of the European Parliament and of the Council of the 15 November 2006;

Executive Order of Banco de Portugal No 41/2009 of 13 January 2009 - List of equivalent third countries in accordance with the provisions laid down in paragraph (8) of Article 2 of Law No 25/2008 of 5 June 2008;

Notice of Banco de Portugal No 5/2008 of 1 July 2008 - Internal control system of credit institutions, financial companies and branches having their head office in third countries.
Notice of Banco de Portugal No 11/2005 of 21 July 2005 - General conditions governing the opening of bank deposit accounts;

Instruction of Banco de Portugal No 26/2005 of 16 August 2005 - Preventive mechanisms against the use of the Portuguese financial system for the purpose of money laundering (in conjunction with Circular Letter of Banco de Portugal No 16/2009/DSB of 29 January 2009);
Instruction of Banco de Portugal No 24/2002 of 16 September 2002 - Report on the preventive system against money laundering by branches located in Portugal of credit institutions and financial companies having their head office in another European Union Member State.