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 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 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 People s Republic of China written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2019-06-21 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a summary of the anti-money laundering/combating the financing of terrorism (AML/CFT) measures in place in the People’s Republic of China (China)1 as at the date of the onsite visit (July 9–27, 2018). It analyzes the level of compliance with the Financial Action Task Force (FATF) 40 Recommendations and the level of effectiveness of China’s AML/CFT system and provides recommendations on how the system could be strengthened. China has undertaken a number of initiatives since 2002 that have contributed positively to its understanding of ML/TF risk, although some important gaps remain. Its framework for domestic AML/CFT cooperation and coordination is well established.
Download or read book Counter Terrorism Financing written by Nathalie Rébé and published by BRILL. This book was released on 2019-11-26 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Counter-Terrorism Financing: International Best Practices and the Law, Nathalie Rébé offers a new comprehensive framework for CTF worldwide and reviews the strengths and weaknesses of current regulations and policies.
Download or read book Nonprofit Organizations and the Combatting of Terrorism Financing written by Emile van der Does de Willebois and published by World Bank Publications. This book was released on 2010 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nonprofit Financing and the Combatting of Terrorism Financing is part of the World Bank World Bank Working Paper series. These papers are published to communicate the results of the Bank's ongoing research and to stimulate public discussion. One of the ways in which terrorist organizations raise and transfer funds is by using nonprofit organizations (NPOs); however NPOs are also an important way to deal with the conditions conducive to the spread of terrorism. In trying to address one problem---terrorism financing---it is important not to diminish the important work of NPOs. This paper discusses the threat and how to address it without tainting the entire NPO sector and concludes that it is inefficient and counterproductive to devise an entirely new regulatory framework. The ultimate objective is to enhance the transparency of the NPO sector---the people in charge of NPOs, NPO funding sources, and how funds are spent. The NPO sector has a stake in being clean and being regarded as such by others, thus NPOs are indispensible partners in drawing up regulatory policies, including self-regulatory policies. World Bank Working Papers are available individually or on standing order. The World Bank Working Paper series is also available online through the World Bank e-library (www.worldbank.org/elibrary).
Download or read book The Withdrawal of Correspondent Banking Relationships written by Mrs.Michaela Erbenova and published by International Monetary Fund. This book was released on 2016-06-30 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the withdrawal of correspondent banking relationships (CBRs) in some jurisdictions post-global financial crisis. It describes existing evidence and consequences of the withdrawal of CBRs and explores drivers of this phenomenon drawing on recent surveys and select country information. While the withdrawal of CBRs has reached a critical level in some affected countries, which can have a systemic impact if unaddressed, macroeconomic consequences have not been identified so far at a global level. The paper presents responses from the international community to address this phenomenon, and explains the role that the IMF has been playing in this global effort, especially with regards to supporting member countries in the context of surveillance and technical assistance, facilitating dialogue among stakeholders, and encouraging data gathering efforts. The paper concludes by suggesting policy responses by public and private sector stakeholders needed to further mitigate potential negative impacts that could undermine financial stability, inclusion, growth and development goals.
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 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 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 Information Resources in Toxicology written by P.J. Bert Hakkinen and published by Academic Press. This book was released on 2009-08-19 with total page 1553 pages. Available in PDF, EPUB and Kindle. Book excerpt: This latest version of Information Resources in Toxicology (IRT) continues a tradition established in 1982 with the publication of the first edition in presenting an extensive itemization, review, and commentary on the information infrastructure of the field. This book is a unique wide-ranging, international, annotated bibliography and compendium of major resources in toxicology and allied fields such as environmental and occupational health, chemical safety, and risk assessment. Thoroughly updated, the current edition analyzes technological changes and is rife with online tools and links to Web sites. IRT-IV is highly structured, providing easy access to its information. Among the “hot topics covered are Disaster Preparedness and Management, Nanotechnology, Omics, the Precautionary Principle, Risk Assessment, and Biological, Chemical and Radioactive Terrorism and Warfare are among the designated. International in scope, with contributions from over 30 countries Numerous key references and relevant Web links Concise narratives about toxicologic sub-disciplines Valuable appendices such as the IUPAC Glossary of Terms in Toxicology Authored by experts in their respective sub-disciplines within toxicology
Download or read book West African Economic and Monetary Union written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2023-06-21 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This technical note (TN) discusses anti-money laundering and combating the financing of terrorism (AML/CFT) supervision and was prepared within the specific constraints noted below. This International Monetary Fund (IMF)-World Bank analysis of the AML/CFT supervision of the West African Economic and Monetary Union (WAEMU) banking sector benefited from the cooperation of the regional authorities, including the Banking Commission (BC)/General Secretariat of the BC (GSBC), the Central Bank of West African States (BCEAO), and the financial intelligence units (FIUs) of several WAEMU member states, and from consultation with private sector representatives. However, the analysis was constrained by the authorities’ confidentiality concerns and by the COVID-19 pandemic. Documents considered “confidential” were made available in hard copy at the BCEAO’s offices in Paris, France, but pandemic-related restrictions prevented the (U.S.-based) authors from traveling overseas to review them. By contrast, the authors were permitted to review certain other, “sensitive” documents electronically, but not to reveal or reproduce the information contained therein. As a result, the observations and recommendations in this TN are focused on the BC/GSBC’s supervisory methodology and procedures; those instances in which the authors were unable to review key documents, cite pertinent information, or form specific views are noted where relevant in the text.
Download or read book Foreign Terrorist Fighters written by United Nations Office on Drugs and Crime and published by UN. This book was released on 2018-03-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The manual seeks to provide guidance on international legal instruments against FTF activities and techniques for digital investigation and evidence collection, especially concerning global financial transactions and social media activity. While it is tailored for judicial training institutes in South-Eastern Europe, it can be utilized in any jurisdiction seeking resources to address the FTF threat.
Download or read book Canada written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2016-09-15 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report evaluates the observance of standards and codes on Financial Action Task Force recommendations for anti–money laundering and combating the financing of terrorism (AML/CFT) in Canada. The findings reveal that the Canadian authorities have a good understanding of most of Canada’s money laundering and terrorism financing risks. AML/CFT cooperation and coordination are generally good at the policy and operational levels. All high-risk areas are covered by AML/CFT measures, except legal counsel, legal firms, and Quebec notaries. This constitutes a significant loophole in Canada’s AML/CFT framework. Law enforcement results are not commensurate with the money-laundering risk, and asset recovery is low.
Download or read book Terrorist Asset Freezing Etc Act 2010 UK written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-04-02 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Terrorist Asset-Freezing etc. Act 2010 (UK) The Law Library presents the official text of the Terrorist Asset-Freezing etc. Act 2010 (UK). Updated as of March 26, 2018 This book contains: - The complete text of the Terrorist Asset-Freezing etc. Act 2010 (UK) - A table of contents with the page number of each section
Download or read book National Risk Assessments written by Organization for Economic Development and Cooperation and published by Organization for Economic Co-Operation & Development. This book was released on 2018-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a synthetic view of national risk assessments (NRAs) in twenty OECD Member countries. NRA are used to support risk management decisions in a rapidly changing global risk landscape characterized by increasingly complex, interconnected societies and highly mobile people, information and goods. The report highlights good governance practices in establishing NRAs and how the results are used to inform public policy. It identifies challenges that OECD Member countries continue to confront in their efforts to implement NRA, and makes concrete recommendations where improvements could still be made.
