Download or read book FATF Guidance written by and published by . This book was released on 2013 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Understanding the money laundering and terrorist financing risks is an essential part of developing and implementing a national anti-money laundering/countering the financing of terrorism (AML/CFT) regime. A risk assessment allows countries to identify, assess and understand its money laundering and terrorist financing risks. Once these risks are properly understood, countries can apply AML/CFT measures that correspond to the level of risk, in other words: the risk-based approach (RBA). The risk-based approach, which is central to the Financial Action Task Force (FATF) Recommendations, enables countries to prioritise their resources and allocate them efficiently. The FATF has developed guidance which will assist countries in the conduct of risk assessment at the country or national level. The principles described in this guidance are also relevant to more focussed risk assessments, for example of a particular financial sector. The guidance is structured: 1) Purpose, scope and status of the guidance; 2) General principles that should be taken into account when conducting ML/TF risk assessments; 3) Planning and organisation of a national-level money laundering/terrorist financing risk assessment; 4) The three main stages involved in the risk assessment process; 5) Outcome of the risk assessment."--Extracted from FATF website viewed on 21 Mar 2013.
Download or read book National Money Laundering and Terrorist Financing Risk Assessment written by Financial Action Task Force and published by . This book was released on 2013 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book National Money Laundering and Terrorism Financing Risk Assessment written by and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Russian Federation written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-09-22 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for the Russian Federation in the areas of anti–money laundering and combating the financing of terrorism. Some authorities have gained a better understanding of money laundering and terrorism financing risks. Swift finalization of the national risk assessment will further advance that understanding and the use of a risk-based approach by all concerned agencies and reporting entities. Preventive measures related to politically exposed persons and reporting of suspicious transactions were updated and are largely in line with the Financial Action Task Force standards. However, the definition of politically exposed persons must be further amended, and the effectiveness of the measures should be enhanced.
Download or read book Preventing Money Laundering and Terrorist Financing Second Edition written by Pierre-Laurent Chatain and published by World Bank Publications. This book was released on 2022-08-11 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Money laundering and terrorist financing undermine the integrity and stability of financial systems and can have a significantly adverse impact on a jurisdiction's economy. Challenges to effective supervision and prevention of money laundering and financing of terrorism were exacerbated in the aftermath of the 2008 financial crisis, with financial institutions' need for funds at times undermining vigilance as to the provenance of those funds. As such, supervisors often, and prudently, focused on coping with the crisis. Since 2009, when the first edition of this handbook was published, challenges to the integrity and stability of financial systems have continued to evolve. Money-laundering and terrorist-financing risks continue to threaten the reputations of financial institutions and entire financial sectors, exposing institutions to the possibility of severe enforcement action by public authorities or the loss of correspondent relationship facilities by their private sector counterparts. This second edition reflects the evolving challenges to the integrity and stability of financial systems, recent trends in enforcement actions by country authorities, and changes to international standards, notably an emphasis on a risk-based approach. This practical handbook supports the implementation of international standards established by the Financial Action Task Force and other bodies, * Providing examples of money-laundering and terrorist-financing supervisory frameworks in a range of countries; * Describing best practices for the supervision and enforcement of money-laundering and terrorist-financing laws and regulations; * Offering practical advice on how a particular jurisdiction might incorporate enforcement of the laws and regulations on money laundering and terrorist financing into its supervisory framework. Designed specifically for bank supervisors, this guide will also be of interest to readers working in the areas of finance, corruption prevention, law, accounting, and corporate governance.
Download or read book Terrorist Financing Risk Assessment Tool written by World Bank Group and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this Terrorist Financing Risk Assessment Tool is to support World Bank Group (WBG) client countries in the assessment and understanding of their terrorist financing (TF) risks per Financial Action Task Force (FATF) Recommendation. The outputs of this risk assessment are expected to guide user countries in applying a risk-based approach to the design and implementation of their regimes for countering the financing of terrorism (CFT) and improve the effectiveness of their CFT measures at national and sectoral levels. The WBG developed a national money laundering (ML) and TF risk assessment tool in 2012-2015 and has been assisting WBG client countries in using the tool for assessing their ML/TF risks. This tool included a module for the assessment of TF risks. Since then, TF risks and typologies have changed, and the FATF's attention on TF has increased. In 2019, the FATF issued Terrorist Financing Risk Assessment Guidance, following on from its earlier guidance on national risk assessments. This new TF Risk Assessment Tool intends to incorporate these developments and the lessons learned from the implementation of the previous TF module in a wide range of countries.
Download or read book Non Profit Organizations TF Risk Assessment Tool written by World Bank Group and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The National Money Laundering/Terrorist Financing Risk Assessment (NRA) Toolkit has been developed by World Bank Group (WBG) staff members to support WBG client countries and jurisdictions in self-assessing their money laundering and terrorist financing risks.The nonprofit organization (NPO) tool of the NRA Tool serves as an instrument that jurisdictions can use to support their analyses of the terrorist financing abuse of NPOs. Through it, the Working Group will identify NPOs that meet the Financial Action Task Force (FATF) definition, assess the evidence of NPO abuse for terrorist financing, determine the inherent risk (exposure to active terrorist threat), and review the quality of existing mitigation measures. This analysis should seek to complement and draw on national terrorism and terrorist financing risk assessments.
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 National Risk Assessment of Money Laundering and Terrorism Financing written by and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Money Laundering and Terrorism Financing in Global Financial Systems written by Rafay, Abdul and published by IGI Global. This book was released on 2021-04-16 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last few decades, corrupt financial practices were increasingly being monitored in many countries around the globe. The past few decades have been eventful for these issues. Today, tackling money laundering and terrorism financing are considered key issues in developed and developing countries alike. Eradication of money laundering and terrorism financing through a holistic approach of awareness, prevention, and enforcement is a current need. It has enabled the birth of new regulatory regimes based on strict compliance, robust processes, and technology. One of the many problems with this is the lack of general awareness about all these issues among various stakeholders including researchers and practitioners. Money Laundering and Terrorism Financing in Global Financial Systems deepens the discourse about money laundering, terrorism financing, and risk management in a modern-day environment. It provides a fascinating and invaluable guide for understanding the theory, practice, and cases of these topics. Split into two sections, the first being money laundering and terrorism financing and the second being financial governance and risk management, the chapters create comprehensive knowledge on these acts of crime in the financial industry by defining the crimes themselves, the many challenges and impacts, and potential solutions. This book is ideal for government officials, financial professionals, policymakers, academicians, business professionals, managers, IT specialists, researchers, and students.
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 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Efforts to launder money and finance terrorism have been evolving rapidly in recent years in response to heightened countermeasures. The international community has witnessed the use of increasingly sophisticated methods to move illicit funds through financial systems across the globe and has acknowledged the need for improved multilateral cooperation to fight these criminal activities. The World Bank and International Monetary Fund have developed this guide to help countries understand the new international standards. It will hopefully serve as a comprehensive source of practical information for countries to fight money laundering and terrorist financing. It discusses the problems caused by these crimes, the specific actions countries need to take to address them, and the role international organizations, such as the Bank and the IMF, play in the process. This guide is a tool for countries to establish and improve their legal and institutional frameworks and their preventive measures according to international standards and best practices. -- From Foreword (p. ix).
Download or read book Money Laundering and Terrorist Financing National Risk Assessment Report written by and published by . This book was released on 2018 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Organized Crime Money Laundering written by William B. Z. Vukson and published by G.7 Report. This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the globalization of finance and the speed of electronic transactions, the world's leading nations are leading the battle against the money laundering activities of organized crime. Two of the world's leading organized crime journalists, Antonio Nicaso and Lee Lamothe, are major contributors to the book, which investigates the Japanese underworld, counterfeiting, Russian organized crime and the global influence of the Mafia. The highlight of this new book, however, is an interview with Giulio Andreotti, the disgraced former Prime Minister of Italy, whose arrest and conviction so controversially brought the issue of organized crime to the attention of the world.
Download or read book Research Handbook on Money Laundering written by Brigitte Unger and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the practice of disguising the illicit origins of money dates back thousands of years, the concept of money laundering as a multidisciplinary topic with social, economic, political and regulatory implications has only gained prominence since the 1980s. This groundbreaking volume offers original, state-of-the-art research on the current money laundering debate and provides insightful predictions and recommendations for future developments in the field. The contributors to this volume academics, practitioners and government representatives from around the world offer a number of unique perspectives on different aspects of money laundering. Topics discussed include the history of money laundering, the scale of the problem, the different types of money laundering, the cost to the private sector, and the effectiveness of anti-money laundering policies and legislation. The book concludes with a detailed and insightful synthesis of the problem and recommendations for additional steps to be taken in the future. Students, professors and practitioners working in economics, banking, finance and law will find this volume a comprehensive and invaluable resource.
Download or read book Combating Emerging Infectious Diseases Using the Financial Action Task Force National Risk Assessment Strategy written by Angela Eiterhebhe Esoimeme and published by . This book was released on 2020-09-22 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 outbreak highlights the ongoing threat to global health posed by emerging infectious diseases. As the crisis fades away, attention has turned towards the lessons to be learned for preparedness and response to emerging infectious diseases. Before 2009, national pandemic response actions were guided by global risk assessment and pandemic phases. This changed after the experience of pandemic A(H1N1)2009. Countries have now been advised by the World Health Organization to base response actions on their own assessment of national pandemic risk and severity and the corresponding national pandemic phase. This research seeks to enhance the collective understanding of the national risk-assessment process for managing the risk(s) of new and emerging infections arising anywhere in the world and draws upon principles set out under Recommendation 1 of the Financial Action Task Force's International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation 2012 (updated 2019). Recommendation 1 of the Financial Action Task Force Standards requires, amongst others, that countries identify, analyse, and evaluate their money laundering and terrorist financing risks and apply anti-money laundering and combating the financing of terrorism measures that are commensurate with the identified risks. The terminology and methodology of this research are based on the 2013 Financial Action Task Force Guidance for National Money Laundering and Terrorist Financing Risk Assessment. This book followed the three key stages identified in the Financial Action Task Force guidance of (1) identification, (2) analysis, and (3) evaluation.
Download or read book Maldives written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-01-04 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Maldives has taken steps to lay down the foundations of an antimoney laundering and counterterrorist financing (AML/CFT) framework. This report summarizes the AML/CFT measures that were in place in the Maldives at the time of the onsite visit (October 17–28, 2010) and shortly thereafter. The report describes and analyzes these measures and offers recommendations on how to strengthen certain aspects of the AML/CFT system. It also assesses the Maldives’ level of compliance with the Recommendations of the Financial Action Task Force (FATF).
Download or read book National Risk Assessment of Money Laundering and Terrorist Financing 2021 h written by Essi Isoaho and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
