Anti-Money Laundering and Combating the Financing of Terrorism - Observations from the Work Program and Implications Going Forward PDF Download

Author: International Monetary Fund. Monetary and Financial Systems Dept.
Publisher: International Monetary Fund
ISBN: 1498331173
Category : Social Science
Languages : en
Pages : 32

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Book Description
This paper provides a summary of the IMF and the World Bank work programs on anti-money laundering and combating the financing of terrorism following the Fund and Bank Boards' decisions in March 2004 to endorse the revised FATF standard (2003 version) and methodology for the purposes of preparing ROSCs and to expand the areas of Bank/Fund responsibility to cover the revised FATF standard comprehensively. It draws lessons on what has worked well and the challenges and discusses the work program going forward.

Author: International Monetary Fund. Monetary and Financial Systems Dept.
Publisher: International Monetary Fund
ISBN: 1498331181
Category : Social Science
Languages : en
Pages : 58

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Book Description
The first part presents the findings concerning overall compliance with the revised standard and methodology and the second part compares these findings to those of assessments under the old methodology. The third part discusses interpretative and application issues and the fourth describes logistical issues based on the experience of the assessments carried out to date.

Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN: 1498338879
Category : Social Science
Languages : en
Pages : 98

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Book Description
The Fund’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) program has significantly contributed to the international community’s response to money laundering and the financing of terrorism. This paper reviews how the Fund’s AML/CFT program has evolved during the past five years and discusses how the Fund could move forward in this area. The past five years have witnessed significant changes to the Fund’s AML/CFT technical assistance program. It is now being delivered more strategically than in the past and is almost exclusively funded by external resources. Its central pillar is now the AML/CFT Topical Trust Fund.

Author: International Monetary Fund. Monetary and Financial Systems Dept.
Publisher: International Monetary Fund
ISBN: 1498329128
Category : Social Science
Languages : en
Pages : 12

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Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 149832956X
Category : Social Science
Languages : en
Pages : 18

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Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN: 1498330401
Category : Social Science
Languages : en
Pages : 69

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Book Description
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Author: Rafael Reuveny
Publisher: State University of New York Press
ISBN: 1438433131
Category : Political Science
Languages : en
Pages : 427

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Book Description
Terrorism is imprinted on Western society's consciousness. Nearly every week a terrorist attack occurs in the world. The academic world, in attempting to understand terrorism, has often been limited to descriptive work rather than analysis, and has produced surprisingly few mainstream collections on the subject. Coping with Terrorism offers a collection of essays that ask: who are terrorists, what are their goals, who supports them, and how can we combat their tactics? The essays are scholarly, rather than journalistic or ideological, in their approach. As such, they scrutinize a much-discussed and prevalent subject and bring it into the mainstream for international relations. This book is freely available in an open access edition thanks to Knowledge Unlatched—an initiative that provides libraries and institutions with a centralized platform to support OA collections and from leading publishing houses and OA initiatives. Learn more at the Knowledge Unlatched website at: https://www.knowledgeunlatched.org/, and access the book online at the SUNY Open Access Repository at http://hdl.handle.net/20.500.12648/7125.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498343740
Category : Social Science
Languages : en
Pages : 29

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Book Description
The Fund’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) program represents an important contribution to the international community’s response to money laundering and terrorist financing over the past decade. The program originally focused primarily on (a) AML/CFT assessments – as part of the Reports on the Observance of Standards and Codes (ROSC) program and of the Financial Sector Assessment Program (FSAP) – and (b) capacity development activities. Following guidance provided by the Board in 2011, money laundering, terrorist financing and related predicate crimes issues (hereinafter also referred to as financial integrity issues) are being raised in the context of surveillance when they are judged to affect domestic and balance of payments stability. Moreover, some recent Fund-supported programs have also incorporated financial integrity issues.

Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1513530143
Category : Business & Economics
Languages : en
Pages : 18

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Book Description
This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for the United States in the areas of anti-money laundering and combating the financing of terrorism (AML/CFT). The United States’ AML/CFT legal and institutional framework has yet to address deficiencies identified in the most recent Financial Action Task Force mutual evaluation report regarding ownership information for U.S. corporations and trusts. In particular more rapid progress is needed to enhance transparency of legal persons to bolster financial system integrity. Trusts have a different legal and institutional framework, and draft regulations have been produced to strengthen financial institutions’ obligations. These measures are however progressing slowly.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455206806
Category : Social Science
Languages : en
Pages : 37

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Book Description
The Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regime of the United States is overviewed. The United States has implemented a system that is broadly in line with the international AML/CFT standard. However, many of the recommendations made by the evaluators to address the identified deficiencies have not been addressed, but efforts are under way; notably to introduce a uniform legislation that would require information on beneficial ownership and control of legal persons and arrangements across all the states.