Download or read book Money Laundering and Terrorist Financing Typologies and Trends in Canadian Banking written by and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Money Laundering and Terrorist Financing Typologies and Trends in Canadian Banking May 2009 written by Financial Transactions and Reports Analysis Centre of Canada and published by . This book was released on 2009 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Money Laundering and Terrorist Financing ML TF Typologies and Trends for Canadian Money Services Businesses MSBs written by Financial Transactions and Reports Analysis Centre of Canada and published by . This book was released on 2010 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Money Laundering and Terrorist Financing ML TF Typologies and Trends for Canadian Money Services Businesses MSBs written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reference Guide to Anti money Laundering and Combating the Financing of Terrorism written by Paul Allan Schott and published by World Bank Publications. This book was released on 2006-01-01 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition of the Reference Guide is a comprehensive source of practical information on how countries can fight money laundering and terrorist financing. Aimed at helping countries understand the new international standards, it discusses the problems caused by these crimes, the specific actions countries need to take to address them, and the role international organizations play in the process. The Reference Guide is a valuable tool for establishing effective regimes to successfully prevent, detect, and prosecute money laundering and terrorist financing.
Download or read book Italy written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2016-02-10 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a summary of the anti-money laundering and combating the financing of terrorism (AML/CFT) measures in place in Italy as at the date of the onsite visit. It analyzes the level of compliance with the Financial Action Task Force recommendations and the level of effectiveness of Italy's AML/CFT system, and provides recommendations on how the system could be strengthened. Italy has a mature and sophisticated AML/CFT regime, with a correspondingly well-developed legal and institutional framework. Law enforcement agencies access, use, and develop good quality financial intelligence. Financial sector supervisors have been using a risk-based approach to varying degrees, but their supervisory tools could be improved.
Download or read book Money Laundering Trends and Typologies in the Canadian Securities Sector written by and published by . This book was released on 2013 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trends & Typologies reports are a series of FINTRAC publications which are intended to provide targeted feedback to specific reporting entity sectors. This particular report is focused on the securities sector in Canada and was made possible through collaboration with the British Columbia Securities Commission (BCSC), the Autorité des marchés financiers (AMF), the Investment Industries Regulatory Organization of Canada (IIROC), the Mutual Fund Dealers Association (MFDA) and representatives from securities dealers such as Raymond James, Investors Group and five of Canada's largest banks. Through this report FINTRAC seeks to address questions about money laundering that are relevant to the Canadian securities sector and have been observed in our analysis of financial transactions involving the sector. The discussions between the Canadian securities sector and FINTRAC have guided the selection of the subjects examined herein.
Download or read book Informal Funds Transfer Systems written by Mr.Samuel Munzele Maimbo and published by International Monetary Fund. This book was released on 2003-08-18 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the terrorist attacks of September 11, 2001, there has been increased public interest in informal funds transfer (IFT) systems. This paper examines the informal hawala system, an IFT system found predominantly in the Middle East and South Asia. The paper examines the historical and socioeconomic context within which the hawala has evolved, the operational features that make it susceptible to potential financial abuse, the fiscal and monetary implications for hawala-remitting and hawala-recipient countries, and current regulatory and supervisory responses.
Download or read book Money Laundering Typologies and Trends in Canadian Casinos written by Financial Transactions and Reports Analysis Centre of Canada and published by . This book was released on 2009 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Anti money Laundering and Counter terrorist Financing Policy in Canada written by Vanessa Iafolla and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis outlines and traces the process of reporting transactions that may be related to money laundering or terrorist financing in Canada. First, this dissertation examines the enactment of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). The process of legislating against these activities was one of norm recursivity, in which Canadian parliamentarians increasingly adopted the standards of the Financial Action Task Force--a group of the G8 mandated to standardize and harmonize national anti-money laundering legislation--not because of global hegemonic pressure, but because of an increasing awareness of Canada's own role as a global citizen in the international community. This work then examines the implementation of this legislation by looking at its deployment in Canadian retail banking. It examines at the process of training financial institution employees to engage with the PCMLTFA, and subsequently the use of the PCMLTFA by employees. This study argues that the risk management techniques in the bank responsibilize employees through responsibilization and normalization; however, the presentation of anti-money laundering and counter-terrorist financing (AML/CTF) legislation to employees may be problematic insofar as the stresses on adverse consequences to employees may be overstated, leading to over-reporting by employees in an effort to manage their own risks. Next, it looks at the ways bank employees are trained to use the legislation, how they understand their legal obligations, and how they use the legislation to identify transactions that appear suspicious or unusual. It demonstrates that bank employees are transformed into third party police, engaging in the detection of suspicious financial transactions on behalf of the government, and interrogates the implications of this development in the AML/CTF complex. This study also examines the detection of suspicious transactions by employees, and demonstrates that both factors directly related to the transaction, such as the amount of money and financial instrument presented, and factors related to the client, such as race, age, sex, and gender, can influence an employee's perception of the legitimacy of this transaction. It then concludes by identifying directions for future research and discussing the scholarly contributions of this study.
Download or read book Financial Intelligence Units written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-06-17 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade and beyond, the need for a modern anti-money-laundering strategy has become widely accepted internationally. Depriving criminal elements of the proceeds of their crimes has increasingly been seen as an important tool to combat drug trafficking and, more recently, as a critical element in fighting organized crime, corruption, and the financing of terrorism, and maintaining the integrity of financial markets. The first few financial intelligence units (FIUs) were established in the early 1990s in response to the need for countries to have a central agency to receive, analyze, and disseminate financial information to combat money laundering. Over the ensuing period, the number of FIUs has continued to increase, reaching 84 in 2003. This handbook responds to the need for information on FIUs. It provides references to the appropriate Financial ActionTask Force (FATF) standards wherever appropriate.
Download or read book Politically Exposed Persons written by Theodore S. Greenberg and published by World Bank Publications. This book was released on 2010-04-19 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, revelations of grand corruption and the plunder of state assets have led to greater scrutiny of financial relationships with politically exposed persons (PEPs) senior government officials and their family members and close associates. Notwithstanding the efforts by many financial institutions and regulatory authorities to prevent corrupt PEPs from entering and using the financial system to launder the proceeds of corruption, there has been an overall failure in the effective implementation of international standards on PEPs. Implementation of an effective PEP regime is a critical component in the prevention and detection of transfers of proceeds of crime and, therefore, ultimately in the process of recovering them. 'Politically Exposed Persons: Preventive Measures for the Banking Sector' is designed to help banks and regulatory authorities address the risks posed by PEPs and prevent corrupt PEPs from using domestic and international financial systems to launder the proceeds of corruption. The book provides recommendations and good practices aimed at improving compliance with international standards and increasing supervisory effectiveness. It is an important tool for individuals, governments, financial and private sector companies, and international organizations involved in developing and implementing standards aimed at fighting corruption and money laundering, and trying to recover stolen assets and the proceeds of corruption.
Download or read book Gibraltar written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-05-21 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gibraltar’s Detailed Assessment Report on Anti-Money Laundering (AML) and Combating the Financing of Terrorism is reviewed. The principal AML risk to Gibraltar is lodged in its professional sector, which is likely to be involved in the layering and integration of proceeds of crime. There is also some risk to Gibraltar at the placement stage, in connection with drug trafficking, migrant smuggling, and organized crime in southern Spain. The Financial Services Commission in Gibraltar has established a strong, risk-based framework for financial institutions for AML.
Download or read book Follow the Money written by Canada. Parliament. Senate. Standing Committee on Banking, Trade and Commerce and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Preventing Money Laundering and Terrorist Financing written by and published by World Bank Publications. This book was released on 2009 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Money laundering and terrorist financing are serious crimes that affect not only those persons directly involved, but the economy as a whole. According to international standards, every bank has the obligation to know its customers and to report suspicious transactions. Although these obligations sound straightforward, they have proved challenging to implement. What information precisely has to be gathered? How should it be recorded? If and when does one have to file a suspicious transaction report? It is here that a supervisor can play a crucial role in helping supervised institutions; first, in understanding the full extent of the obligations of Customer Due Diligence and Suspicious Transaction Reports (STR) and, second, in ensuring that those obligations are not just words on paper but are applied in practice. Effective supervision is key to the success of a country's AML/CFT system. In this regard, field work in both developed and developing countries has shown an overall low compliance in the area of supervision of banks and other financial institutions; supervisory compliance is indeed generally lower than the average level of compliance with all Financial Action Task Force recommendations. As a result, by providing examples of good practices, this book aims to help countries better conform to international standards. In this regard, this handbook is specifically designed for bank supervisors.
Download or read book Typologies et tendances en mati re de blanchiment d argent et de financement du terrorisme au sein du secteur canadien des banques written by and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Money Laundering and Terrorism Financing Risks Posed by Alternative Remittance in Australia written by David Rees and published by . This book was released on 2010 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
