Combating Money Laundering and the Financing of Terrorism: A - download pdf or read online

By World Bank, International Monetary Fund

ISBN-10: 0821375695

ISBN-13: 9780821375693

Funds laundering and the financing of terrorism are international difficulties that not just threaten a country’s safeguard, but in addition compromise the steadiness, transparency, and potency of its economy, for this reason undermining its fiscal prosperity. the once a year international estimate for cash laundering is greater than $1 trillion, valued in U.S. funds. Efforts to counter those actions are often called anti–money laundering and battling the financing of terrorism (AML/CFT) programs.

The 'Combating cash Laundering and the Financing of Terrorism' education application was once built via the area Bank’s monetary marketplace Integrity Unit, with aid from the governments of Sweden, Japan, Denmark, and Canada. this system might help international locations construct and increase their AML/CFT efforts through education all correct employees in either the private and non-private sectors, similar to employees in fi nancial intelligence devices, monetary supervisory specialists, legislations enforcement businesses, and fiscal institutions.

The education guide’s modules are:
Module 1: results on financial improvement and overseas Standards
Module 2: criminal necessities to satisfy foreign Standards
Module 3a: Regulatory and Institutional necessities for AML/CFT
Module 3b: Compliance specifications for monetary Institutions
Module four: development an efficient monetary Intelligence Unit
Module five: family (Inter-Agency) and overseas Cooperation
Module 6: fighting the Financing of Terrorism
Module 7: Investigating cash Laundering and Terrorist Financing

The modules disguise the entire monetary motion activity strength on Anti–Money Laundering’s 40 strategies and 9 distinct concepts, with the unique texts. every one module is concentrated at a particular team of execs in a jurisdiction’s AML/CFT regime, even supposing they could additionally reap the benefits of gaining wider wisdom in the course of the different modules integrated during this software. every one module presents questions first and foremost and finish to evaluate how a lot has been discovered. the educational consultant includes quite a few case reports, discussions and analyses of hypothetical and real examples of cash laundering schemes, and most sensible practices in research and enforcement, for you to aid readers totally comprehend the implementation of winning AML/CFT courses.

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Extra resources for Combating Money Laundering and the Financing of Terrorism: A Comprehensive Training Guide

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Are there any other international bodies involved in fighting money laundering and terrorist financing? Four other types of organizations combat money laundering and terrorist financing by setting standards, developing technical understanding, facilitating international cooperation, and implementing the international standard: • International organizations and bodies with wider mandates that have adopted initiatives in fighting money laundering and terrorist financing. These include the UN, the World Bank, the IMF, and the Basel Committee on Banking Supervision.

It also addressed issues of particular relevance to some of its members, such as laundering the proceeds of corruption. In the aftermath of the events of September 11, 2001, the Commonwealth issued a Statement on Terrorism (October 25, 2001) committing members to implementing UN Security Council Resolution 1373, in keeping with the fundamental values of the association, including support for democracy, human rights, the rule of law, freedom of belief, freedom of political opinion, justice, and equality.

MIDDLE EAST AND NORTH AFRICA FINANCIAL ACTION TASK FORCE The Middle East and North Africa Financial Action Task Force (MENAFATF) was established at an inaugural ministerial meeting held in Manama, Bahrain, in November 2004. Its headquarters is in the Kingdom of Bahrain and it currently has 17 members. MENAFATF monitors implementation of international standards through self-assessment and mutual evaluation, undertakes typologies studies, facilitates international cooperation, and provides technical assistance to member jurisdictions.

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Combating Money Laundering and the Financing of Terrorism: A Comprehensive Training Guide by World Bank, International Monetary Fund

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