By World Bank, International Monetary Fund
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.
Read or Download Combating Money Laundering and the Financing of Terrorism: A Comprehensive Training Guide PDF
Best money & monetary policy books
Funds, Distribution and monetary coverage takes factor with the beside the point therapy of cash, potent call for and distribution matters in glossy mainstream macroeconomics. It provides contributions that are serious of recent orthodoxy and which discover substitute methods to macroeconomics and monetary coverage research.
Hoping on new statistical and archival fabric, this publication tells the tale of the operation of the foreign financial method of the mid-nineteenth century. It seeks to provide an explanation for how the program was once capable of climate the effect of the California and Australia gold discoveries.
- Cracking the emerging markets enigma
- The Power of Money: Coinage and Politics in the Athenian Empire
- The Political Economy of Exchange Rate Policy-Making: From the Gold Standard to the Euro
- Money, Inflation, and Capital Formation: An Analysis of the Long Run from the Perspective of Overlapping Generations Models
- The Economics of the Euro-Currency System
Extra resources for Combating Money Laundering and the Financing of Terrorism: A Comprehensive Training Guide
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.
Combating Money Laundering and the Financing of Terrorism: A Comprehensive Training Guide by World Bank, International Monetary Fund