(k)
institute measures to prevent money laundering activities.
ARTICLE 86
Movement of Capital
The Partner States shall in accordance with the time table to be
determined by the Council, permit the free movement of capital within the
Community, develop, harmonise and eventually
integrate their financial
systems. In this regard, the Partner States shall:
(a)
ensure the unimpeded flow of capital within the Community
through the removal of controls on the transfer of capital among the
Partner States;
(b)
ensure that the citizens of and persons resident in a Partner State
are allowed to acquire stocks, shares and other securities or to
invest in enterprises in the other Partner States; and
(c)
encourage cross-border trade in financial instruments.
ARTICLE 87
Joint Project Financing
1.
The Partner States undertake to co-operate in financing projects jointly in
each other's territory, especially those that facilitate integration within the
Community.
2.
The Partner States undertake to co-operate in the mobilisation of foreign
capital for the financing of national and joint projects.
ARTICLE 88
Safeguard Measures
The Council may approve measures designed to remedy any adverse
effects a Partner State may experience by reason of the implementation of the
provisions of this Chapter, provided that such a Partner State shall furnish to
the Council proof that it has taken all reasonable steps to overcome the
difficulties, and that such measures are applied on a non-discriminatory basis.
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