- 17 - Article 24 The Executive Regulation shall set the mechanisms for competent authorities to cooperate and coordinate at the national level concerning the development and implementation of policies and activities to combat money laundering, terrorism financing and the financing of proliferation of weapons of mass destruction. Article 25 The Council of Ministers, based on a recommendation by the Minister of Foreign Affairs, shall issue the necessary decisions to implement United Nations Security Council Resolutions issued under Chapter VII of the United Nations Charter and related to terrorism, terrorism financing or proliferation of weapons of mass destruction. Article 26 Any contract or act shall be null if all or any party thereto had knowledge or reason to believe that the objective of the contract or agreement was to prevent confiscation measures set forth in Article 40 of this Law, without prejudice to the rights of third persons in good faith. CHAPTER 4 – SANCTIONS Article 27 Without prejudice to any more severe sanctions stipulated in the penal code or any other law, the offenses mentioned in the articles of this Law shall have respective sanctions. Article 28 Any person who commits a money laundering offense under Article 2 of this Law shall be punished by imprisonment for up to ten years and a fine of no less than half and up to the full value of the funds that were the objects of the offense if the offender knew that these funds and instrumentalities were the proceeds of crime. In all cases, the funds and instrumentalities detained shall be confiscated. Article 29 Any person who commits a terrorism financing offense under Article 3 of this Law shall be punished by imprisonment for up to fifteen years and a fine of no less than and up to twice the value of the funds that were the objects of the offense and by confiscation of seized funds and instrumentalities.