Download or read book Russian Federation Report on the Observance of Standards and Codes FATF Recommendations for Anti Money Laundering and Combating the Financing of Terrorism written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-01-26 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report focuses on the observance of standards and codes for the Financial Action Task Force on Money Laundering (FATF-40), recommendations for anti-money laundering (AML), and nine special recommendations combating the financing of terrorism (CFT) for the Russian Federation. Laundered money is often invested in real estate or security instruments. The report reveals that the Russian authorities are well aware of the money laundering (ML) and terrorist financing (TF) schemes used in Russia. Many ML schemes also involve the misuse of (foreign) legal entities and financial institutions.
Download or read book Russian Federation written by International Monetary Fund and published by . This book was released on 2009-01-26 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Download or read book Russian Federation written by Financial Action Task Force on Money Laundering and published by . This book was released on 2009 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Union of the Comoros written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-10-20 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report on the Observance of Standards and Codes for the Financial Action Task Force (FATF) 40 Recommendations for Anti-Money Laundering (AML) and 9 Special Recommendations on Combating the Financing of Terrorism (CFT) was prepared by the Legal Department of the IMF. It provides a summary of the AML/CFT measures. The assessment is based on the information available at the time of the onsite mission conducted. The views are those of the IMF team and do not reflect the views of the government of the Comoros.
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 Hungary written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-09-21 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines Hungary’s Observance of Standards and Codes on the Financial Action Task Force (FATF) recommendations for Anti-Money Laundering (AML) and Combating the Financing of Terrorism. Hungary has a substantial AML legal and institutional framework for combating money laundering (ML), including preventive measures for a wide range of service providers and law enforcement measures. The ML offense, while it addresses self-laundering, covers only using the proceeds of crime in the business activity of the perpetrator or in a bank or financial transaction.
Download or read book Georgia written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2013-01-08 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is on the observance of standards and codes for the FATF 40 recommendations for antimoney laundering (AML) and special recommendations on combating the financing of terrorism. The government of Georgia indicated that the recommendations of the report have already been put into an action plan to implement appropriate corrective measures. Executive Directors approve that the regime has significantly improved since the last assessment. However, weaknesses with regard to compliance with key elements of the standard should be urgently addressed in light of significant vulnerabilities and threats.
Download or read book United States written by International Monetary Fund and published by . This book was released on 2006 with total page 21 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 the United States on May 2006. The report describes and analyzes those measures and provides recommendations on how certain aspects of the system could be strengthened. The views expressed in this document are the views of the Financial Action Task Force (FATF), but do not necessarily reflect the views of the Boards of the IMF or World Bank. The Bank Secrecy Act provides the basis for most of the preventive measures applied to the financial sector and other businesses.
Download or read book United States written by and published by . This book was released on 2006 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Germany written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-03-26 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report reviews observance of standards and codes on the Financial Action Task Force (FATF) Recommendations for antimoney laundering and combating the financing of terrorism (AML/CFT) for Germany. The report reveals that the AML/CFT framework is not fully in line with the FATF Recommendations. There are weaknesses in the legal framework and in sanctioning for noncompliance with AML/CFT requirements. German authorities regularly use a broad range of legal procedures to seize, confiscate, and forfeit property, but they confiscate and forfeit a lot less property than the courts issue orders for.
Download or read book Palau written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-01-13 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines Palau’s observance of Standards and Codes on the Financial Action Task Force’s recommendations for antimoney laundering (AML) and combating the financing of terrorism (CFT). Palau has strengthened its AML/CFT legislative framework with the amendments to the Money Laundering and Proceeds of Crime Act of 2001 and the Financial Institutions Act of 2001, as well as the enactment of the Counter-Terrorism Act of 2007 and the Cash Courier Disclosure Act of 2007.
Download or read book Colombia written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2018-11-15 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia has a reasonable understanding of its main domestic money laundering/terrorist financing (ML/TF) risks. The country’s understanding of risks relies particularly on the results of the 2013 and 2016 National Risk Assessments (NRAs). • The 2016 NRA has yielded reasonable findings with respect to the identification of the main ML threats and vulnerabilities. • The AML/CFT supervisory systems and tools are not entirely in line with the risk-based approach (RBA), and there are significant gaps in the supervision of designated non-financial businesses and professions (DNFBPs). • Colombia investigates and prosecutes ML effectively, but not in a manner that is commensurate with its ML risks.
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 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a summary of the anti-money laundering/combating the financing of terrorism (AML/CFT) measures in place in Italy and of the level of compliance with the Financial Action Task Force 40 (FATF 40) recommendations and the level of effectiveness, and contains recommendations on how the AML/CFT system could be strengthened. The assessment is based on the information available at the time of the mission from January 14–30, 2015, and other verifiable information subsequently provided by the authorities. It was conducted using the 2013 assessment methodology. The Detailed Assessment Report on which this document is based was adopted by the FATF Plenary on October 22, 2015.
Download or read book St Vincent and the Grenadines written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-10-13 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report was prepared by the Legal Department of the International Monetary Fund (IMF). It provides a summary of the Antimony Laundering and Combating the Financing of Terrorism (AML/CFT) measures in place in St. Vincent and the Grenadines (SVG) and of the level of compliance with the FATF 40+9 Recommendations, and contains recommendations on how the AML/CFT system could be strengthened. The assessment is based on the information available at the time of the mission. The preventive measures regime covers most of the financial and designated nonfinancial businesses and professions (DNFBP) sectors.
Download or read book Mexico written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2018-01-03 with total page 18 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 Mexico. Mexico has a mature AML/CFT regime, with a correspondingly well-developed legal and institutional framework. The financial sector demonstrates a good understanding of the primary money laundering threats from organized crime groups and associated criminal activities as well as tax crimes, but the recognition of corruption as a main threat is uneven. Mexico also has a solid legal and institutional framework in place to seek and provide mutual legal assistance and extradition. The authorities also frequently rely on other forms of international cooperation to exchange information with other countries.
Download or read book Portugal written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-02-06 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report describes Portugal's observance of Standards and Codes on the Financial Action Task Force Recommendations for Anti-Money Laundering and combating the financing of terrorism. The Portuguese legal framework for combating money laundering (ML) and terrorist financing is generally comprehensive. The ML offence is broad in scope and in accordance with the UN Vienna and Palermo Conventions. Statistics on prosecutions for money laundering and terrorist financing, as well as related confiscation data, are maintained by Portuguese authorities.
Download or read book United States of America report on observance of standards and codes FATF recommendations for anti money laundering and combating the financing of terrorism written by Financial Action Task Force on Money Laundering and published by . This book was released on 2006 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
