Implementing Aml Cft Measures In The Precious Minerals Sector

Author by : Mr. Emmanuel Mathias
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 51
Total Download : 196
File Size : 53,6 Mb
pdf pdf

Description : The trade in precious metals and stones has been linked to illicit financial flows, corruption, smuggling, drug trafficking, illicit arms trafficking, and the financing of terrorism. In addition, the extraction of precious minerals and the subsequent trade in these resources, if properly managed, present significant revenue opportunities, particularly for countries facing development needs. Building on staff expertise in anti-money laundering and combating the financing of terrorism (AML/CFT) and technical support and analytical advice on the management of natural resources, this note is a reference guide to aid countries in using the AML/CFT framework to help combat crime related to and affecting the precious minerals sector while raising revenue.


Mali Technical Assistance Report Anti Corruption And Anti Money Laundering

Author by : International Monetary Fund. Legal Dept.
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 49
Total Download : 158
File Size : 49,8 Mb
pdf pdf

Description : This paper discusses key finding of the Technical Assistance Report on Anticorruption and Anti-money Laundering in Mali. The report suggests that the adoption and effective implementation of an Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) framework compliant with the Financial Action Task Force (FATF) Recommendations would support the fight against corruption in Mali. Mali can improve the compliance of its AML/CFT framework with the FATF Recommendations by taking internal measures consistent with the West African Economic and Monetary Union directive. Mali can also work for the adoption of a regional AML/CFT framework consistent with the requirements of the FATF.


Norway Report On The Observance Of Standards And Codes

Author by : International Monetary International Monetary Fund
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 16
Total Download : 372
File Size : 50,8 Mb
pdf pdf

Description :


Norway

Author by : International Monetary Fund
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 87
Total Download : 175
File Size : 53,7 Mb
pdf pdf

Description : The report on Norway’s Observance of Standards and Codes on the Financial Action Task Force Recommendations for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) is examined. It describes and analyzes those measures, and provides recommendations on how certain aspects of the system could be strengthened. The AML/CFT priorities have been to increase the effectiveness of measures to detect, prosecute, and confiscate proceeds of crime and to enhance international cooperation as well as competence building.


Republic Of Belarus Detailed Assessment Report On Anti Money Laundering And Combating The Financing Of Terrorism

Author by : International Monetary International Monetary Fund
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 50
Total Download : 754
File Size : 54,6 Mb
pdf pdf

Description : Annotation 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.


Republic Of Belarus

Author by : International Monetary Fund
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 84
Total Download : 447
File Size : 43,9 Mb
pdf pdf

Description : This paper discusses key findings of the Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for the Republic of Belarus. The assessment reveals that compliance supervision in Belarus is detailed with a strong culture of onsite examination. Two agencies exercise financial intelligence responsibilities. Money laundering offenses are investigated and successfully prosecuted. Some capacity exists to cooperate internationally. However, the legal framework is incomplete and, in some places, misdirected. Legislation criminalizing terrorist financing as a separate offense has not been adopted.


Georgia

Author by : International Monetary Fund. Legal Dept.
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 24
Total Download : 897
File Size : 50,6 Mb
pdf pdf

Description : 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.


South Africa

Author by : International Monetary Fund
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 65
Total Download : 877
File Size : 55,7 Mb
pdf pdf

Description : South Africa has made good progress in developing its system for combating money laundering (ML) and financing of terrorism (FT). The report provides a summary of the Anti- Money Laundering/Combating the Financing of Terrorism (AML/CFT) measures and also contains recommendations on how the AML/CFT system could be strengthened. South Africa has adopted mechanisms to freeze terrorist-related assets and also demonstrated a strong commitment to implementing AML/CFT systems, which have involved close cooperation and coordination between a variety of government departments and agencies. The country has established effective mechanism to combat ML and FT.


Portugal

Author by :
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 68
Total Download : 801
File Size : 45,9 Mb
pdf pdf

Description :


Canada Report On The Observance Of Standards And Codes Fatf Recommendations For Anti Money Laundering And Combating The Financing Of Terrorism

Author by : International Monetary Fund
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 98
Total Download : 962
File Size : 48,8 Mb
pdf pdf

Description : The paper presents Canada’s report on the Observance of Standards and Codes on the Financial Action Task Force (FATF) recommendations for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT). Canada has strengthened its overall AML/CFT regime since its last FATF mutual evaluation (1997) by implementing a number of changes both in terms of statutory amendments and structural changes. The most important developments have been the enactment of the Proceeds of Crime and Terrorist Financing Act and the creation of the Canadian Financial Intelligence Unit in 2000.