2019 Money Laundering and Financial Crimes Report - Volume Two, International Narcotics Control Strategy Report (INCSR), Anti-Money Laundering (AML) Laws and Regulations in Over 80 Countries PDF Download
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Author: U S Department of State Publisher: ISBN: 9781686208683 Category : Languages : en Pages : 182
Book Description
Volume 2 of the 2019 International Narcotics Control Strategy Report (March 2019 issuance) the section of the INCSR that reports on money laundering and country efforts to address it. The statute defines a "major money laundering country" as one "whose financial institutions engage in currency transactions involving significant amounts of proceeds from international narcotics trafficking". The determination is derived from the list of countries included in INCSR Volume I (which focuses on narcotics) and other countries proposed by U.S. government experts based on indicia of significant drug-related money laundering activities. Given money laundering activity trends, the activities of non-financial businesses and professions or other value transfer systems are given due consideration. Inclusion in Volume II is not an indication that a jurisdiction is not making strong efforts to combat money laundering or that it has not fully met relevant international standards. The INCSR is not a "black list" of jurisdictions, nor are there sanctions associated with it. The U.S. Department of State regularly reaches out to counterparts to request updates on money laundering and AML efforts, and it welcomes information.1. Legislative Basis and Methodology for the INCSR * 2. Overview * 3. Training Activities * 4. Comparative Table * 5. Countries - Afghanistan * Albania * Algeria * Antigua and Barbuda * Argentina * Armenia * Aruba * Azerbaijan * Bahamas * Barbados * Belgium * Belize * Benin * Bolivia * Bosnia and Herzegovina * Brazil * British Virgin Islands * Burma * Cabo Verde * Canada * Cayman Islands * China, People's Republic of * Colombia * Costa Rica * Cuba * Curacao * Cyprus * Dominica * Dominican Republic * Ecuador * El Salvador * Georgia * Ghana * Guatemala * Guyana * Haiti * Honduras * Hong Kong * India * Indonesia * Iran * Italy * Jamaica * Kazakhstan * Kenya * Laos * Liberia * Macau * Malaysia * Mexico * Morocco * Mozambique * Netherlands * Nicaragua * Nigeria * Pakistan * Panama * Paraguay * Peru * Philippines * Russian Federation * St. Kitts and Nevis * St. Lucia * St. Vincent and the Grenadines * Senegal * Serbia * Sint Maarten * Spain * Suriname * Tajikistan * Tanzania * Thailand * Trinidad and Tobago * Turkey * Ukraine * United Arab Emirates * United Kingdom * Uzbekistan * Venezuela * VietnamMoney laundering, both at the country and multilateral levels, remains a significant crime issue despite robust, multifaceted efforts to address it. While arriving at a precise figure for the amount of criminal proceeds laundered is impossible, some studies by relevant international organizations estimate it may constitute 2-5 percent of global GDP. It is a seemingly ubiquitous criminal phenomenon: money laundering facilitates many other crimes and has become an indispensable tool of drug traffickers, transnational criminal organizations, and terrorist groups around the world. Its nefarious impact is considerable: it contributes to the breakdown of the rule of law, corruption of public officials, and destabilization of economies, and it threatens political stability, democracy, and free markets around the globe. For these reasons, the development and implementation of effective AML regimes consistent with international standards and the ability to meet evolving challenges is clearly vital to the maintenance of solvent, secure, and reliable financial, commercial, and trade systems. Reducing money laundering's threat to U.S. interests is a national security priority reflected in the 2018 National Security Strategy and the 2017 Executive Order 13773, Enforcing Federal Law with Respect to Transnational Criminal Organizations and Preventing International Trafficking.
Author: U S Department of State Publisher: ISBN: 9781686208683 Category : Languages : en Pages : 182
Book Description
Volume 2 of the 2019 International Narcotics Control Strategy Report (March 2019 issuance) the section of the INCSR that reports on money laundering and country efforts to address it. The statute defines a "major money laundering country" as one "whose financial institutions engage in currency transactions involving significant amounts of proceeds from international narcotics trafficking". The determination is derived from the list of countries included in INCSR Volume I (which focuses on narcotics) and other countries proposed by U.S. government experts based on indicia of significant drug-related money laundering activities. Given money laundering activity trends, the activities of non-financial businesses and professions or other value transfer systems are given due consideration. Inclusion in Volume II is not an indication that a jurisdiction is not making strong efforts to combat money laundering or that it has not fully met relevant international standards. The INCSR is not a "black list" of jurisdictions, nor are there sanctions associated with it. The U.S. Department of State regularly reaches out to counterparts to request updates on money laundering and AML efforts, and it welcomes information.1. Legislative Basis and Methodology for the INCSR * 2. Overview * 3. Training Activities * 4. Comparative Table * 5. Countries - Afghanistan * Albania * Algeria * Antigua and Barbuda * Argentina * Armenia * Aruba * Azerbaijan * Bahamas * Barbados * Belgium * Belize * Benin * Bolivia * Bosnia and Herzegovina * Brazil * British Virgin Islands * Burma * Cabo Verde * Canada * Cayman Islands * China, People's Republic of * Colombia * Costa Rica * Cuba * Curacao * Cyprus * Dominica * Dominican Republic * Ecuador * El Salvador * Georgia * Ghana * Guatemala * Guyana * Haiti * Honduras * Hong Kong * India * Indonesia * Iran * Italy * Jamaica * Kazakhstan * Kenya * Laos * Liberia * Macau * Malaysia * Mexico * Morocco * Mozambique * Netherlands * Nicaragua * Nigeria * Pakistan * Panama * Paraguay * Peru * Philippines * Russian Federation * St. Kitts and Nevis * St. Lucia * St. Vincent and the Grenadines * Senegal * Serbia * Sint Maarten * Spain * Suriname * Tajikistan * Tanzania * Thailand * Trinidad and Tobago * Turkey * Ukraine * United Arab Emirates * United Kingdom * Uzbekistan * Venezuela * VietnamMoney laundering, both at the country and multilateral levels, remains a significant crime issue despite robust, multifaceted efforts to address it. While arriving at a precise figure for the amount of criminal proceeds laundered is impossible, some studies by relevant international organizations estimate it may constitute 2-5 percent of global GDP. It is a seemingly ubiquitous criminal phenomenon: money laundering facilitates many other crimes and has become an indispensable tool of drug traffickers, transnational criminal organizations, and terrorist groups around the world. Its nefarious impact is considerable: it contributes to the breakdown of the rule of law, corruption of public officials, and destabilization of economies, and it threatens political stability, democracy, and free markets around the globe. For these reasons, the development and implementation of effective AML regimes consistent with international standards and the ability to meet evolving challenges is clearly vital to the maintenance of solvent, secure, and reliable financial, commercial, and trade systems. Reducing money laundering's threat to U.S. interests is a national security priority reflected in the 2018 National Security Strategy and the 2017 Executive Order 13773, Enforcing Federal Law with Respect to Transnational Criminal Organizations and Preventing International Trafficking.
Author: John a Cassara Publisher: ISBN: Category : Languages : en Pages : 372
Book Description
Outside of crimes of passion, criminals, criminal organizations, kleptocrats, and some businesses and corporations are motivated by greed. In today's increasingly interconnected world, the criminal manifestations of unchecked avarice impact all of us - politically, socially, economically, and culturally. Transnational crime effects our individual and collective security. The magnitude of crime is measured in the multi-trillions of dollars annually. Laundering or hiding and disguising the proceeds of crime is essential for criminal organizations. Unfortunately, the last thirty years have demonstrated that our anti-money laundering (AML) countermeasures are not effective. Examining the "metrics that matter," we are a "decimal point away from total failure." The outlook going forward is not promising. Money Laundering and Illicit Financial Flows - Following the Money and Value Trails is the first book to take a hard look at our AML track record. Written primarily from a law enforcement perspective, the book examines old and new money laundering methodologies. It exposes threats, enablers, and facilitators. Making the case for an AML paradigm shift, the book offers alternative steps forward. Combining facts, straight-forward explanations, case studies, as well as the author's personal experiences, views and commentary, this book is valuable to the public and private sectors, policy makers, as well as students and concerned citizens. As a former Treasury Special Agent, John Cassara has investigated and studied money laundering for over 30 years. Equally at home in back streets or government bureaucracies, he has a unique perspective and offers an insider's knowledge. He delights in telling it as it is. The author of five books and countless articles on money laundering and threat finance, Cassara continues to surface important issues that deserve our attention.
Author: Rohan D. Clarke Publisher: Taylor & Francis ISBN: 1000785963 Category : Law Languages : en Pages : 228
Book Description
This book provokes fresh ways of thinking about small developing States within the transnational legal order for combating money laundering and the financing of terrorism and proliferation (TAMLO). From the global wars on drugs and terror to journalistic exposés such as the ‘Paradise’, ‘Panama’ and ‘Pandora’ Papers, the Commonwealth Caribbean has been discursively stigmatised as a mythical island paradise of ‘rogue’ States. Not infrequently, their exercise of regulatory self-determination has been presented as the selling of their economic sovereignty to facilitate shady business deals and illicit finance from high-net-worth individuals, kleptocrats, tax-dodgers, organised crime networks and terrorist financiers. This book challenges conventional wisdom that Commonwealth Caribbean States are among the ‘weakest links’ within the global ecosystem to counter illicit finance. It achieves this by unmasking latent interests, and problematising coercive extraterritorial regulatory and surveillance practices, along the onshore/offshore and Global North/South axes. Interdisciplinary in its outlook, the book will appeal to policymakers, regulatory and supervisory authorities, academics and students concerned with better understanding legal and development policy issues related to risk-based regulatory governance of illicit finance. The book also provides an interesting exposition of substantive legal and policy issues arising from money laundering related to corruption and politically exposed persons, offshore finance, and offshore Internet gambling services.
Author: OECD Publisher: OECD Publishing ISBN: 9264203508 Category : Languages : en Pages : 128
Book Description
This publication identifies the main areas of weakness and potential areas for action to combat money-laundering, tax evasion, foreign bribery, and to identify, freeze and return stolen assets.
Author: Nicolas Cook Publisher: ISBN: 9781087108360 Category : Languages : en Pages : 28
Book Description
Mozambique, a significant recipient of U.S. development assistance, achieved rapid growth following a post-independence civil war (1977-1992), but faces a range of political, economic, and security challenges including unmet development needs, a range of governance shortcomings, organized crime, an ongoing economic slump, and political conflict and violence involving both mainstream political actors and violent extremists. Between 2013 and 2016, the country experienced political violence arising from a dispute between the former socialist majority party, FRELIMO, and the leading opposition political party, RENAMO. (The latter is a former armed rebel group that fought the FRELIMO government during the civil war.) Their recent dispute, prompted by years of varied RENAMO grievances linked to FRELIMO's control of the state, led to numerous armed clashes between government and RENAMO forces. In 2018, the two parties negotiated political and military accords to end their dispute, but they have yet to fully implement those agreements, and the potential for failure remains. Since late 2017, Mozambique also has faced attacks by the violent Islamist extremist group Al Sunnah wa Jama'ah (ASWJ). The country faces a post-2015 slump in economic growth. While previous growth expanded the economy and contributed to a decline in extreme poverty, the majority of Mozambicans have remained poor, and while some socioeconomic indicators have improved, the country faces a range of persistent socioeconomic challenges. Development gains have remained limited despite large inflows of foreign assistance and foreign direct investment (FDI). Much of this FDI has financed large industrial projects, many of which have been criticized for being poorly integrated with the broader domestic economy-in which the informal sector and small-scale economic activity prevail-and for generating relatively few jobs or broad reductions in poverty. Mozambique's future may be transformed by the development of large natural gas reserves, discovered in the county's north in 2010. Gas exports are expected to begin in the early to mid-2020s and, together with rising exports of coal, to spur rapid economic growth. The U.S.-based firms Anadarko and ExxonMobil, the latter in partnership with Italy's ENI energy firm, lead international oil company consortia developing the reserves, although a merger involving Anadarko is likely to result in the sale of its Mozambique assets to France's Total SA. While the state may face challenges in effectively governing and managing the large anticipated influx of gas revenue, it has taken some steps to address such challenges. The government plans to establish a sovereign wealth fund to preserve gas income, which it intends to allocate, in part, to infrastructure development, poverty reduction, and economic diversification. U.S.-Mozambican ties are cordial and historically have centered on development cooperation. U.S. assistance, funded at an annual average of $452 million between FY2016 and FY2018, has focused primarily on health programs. Given recent events, U.S. engagement and aid may increasingly focus on the development of economic ties and security cooperation, notably to counter ASWJ, which is active in the area where large-scale gas processing development is underway. For many years, Mozambique received relatively limited congressional attention, but interest in the country may be growing; the country hosted congressional delegations in 2016 and 2018. U.S. humanitarian responses to the recent cyclones have also drawn congressional engagement. Developments in the country-including the rise of violent extremism and prospects for U.S. private sector investment and U.S. bilateral aid program outcomes in a context in which state corruption poses substantial challenges-could attract increasing congressional attention in the coming years.
Author: Louise I. Shelley Publisher: Princeton University Press ISBN: 0691209766 Category : Business & Economics Languages : en Pages : 375
Book Description
Though mankind has traded tangible goods for millennia, recent technology has changed the fundamentals of trade, in both legitimate and illegal economies. In the past three decades, the most advanced forms of illicit trade have broken with all historical precedents and, as Dark Commerce shows, now operate as if on steroids, tied to computers and social media. In this new world of illicit commerce, which benefits states and diverse participants, trade is impersonal and anonymized, and vast profits are made in short periods with limited accountability to sellers, intermediaries, and purchasers. Louise Shelley examines how new technology, communications, and globalization fuel the exponential growth of dangerous forms of illegal trade--the markets for narcotics and child pornography online, the escalation of sex trafficking through web advertisements, and the sale of endangered species for which revenues total in the hundreds of millions of dollars. The illicit economy exacerbates many of the world's destabilizing phenomena: the perpetuation of conflicts, the proliferation of arms and weapons of mass destruction, and environmental degradation and extinction. Shelley explores illicit trade in tangible goods--drugs, human beings, arms, wildlife and timber, fish, antiquities, and ubiquitous counterfeits--and contrasts this with the damaging trade in cyberspace, where intangible commodities cost consumers and organizations billions as they lose identities, bank accounts, access to computer data, and intellectual property.
Author: U S Department of State
Author: U S Department of State
Author: Doron Goldbarsht
Author: 
Author: John a Cassara
Author: Rohan D. Clarke
Author: OECD
Author: Nicolas Cook
Author: Louise I. Shelley
Author: United States. Congress. Senate. Committee on Foreign Relations
Author: Judith G. Kelley