Publication

Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism : Second Edition and Supplement on Special Recommendation IX

Schott, Paul Allan

2006,2012

Overview

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. This second edition is to serve as a single, 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 play in the process. The report is organized as follows: Part A of this Reference Guide describes the problem of money laundering and terrorist financing, their adverse consequences, and the benefits of an effective regime. It also identifies the relevant international standard-setting organizations and discusses their specific efforts and instruments that fight these activities. Part B describes the various elements that are part of a comprehensive legal and institutional framework for anti-money laundering and combating the financing of terrorism for any country. This part of the Reference Guide is a step-by-step approach to achieve compliance with international standards, although it does not dictate the specific methods or actions to be adopted. Rather, it raises the issues that must be addressed and discusses the options that a country has in order to resolve these issues. Part C describes the role of the World Bank and International Monetary Fund (IMF) in the global effort and the coordination of technical assistance available to countries in order to help them achieve compliance with international standards. Each chapter is a self-contained discussion of the topics covered in that chapter with detailed references to background and original source materials. Annexes I, II and III provide complete citations to reference materials.

• Publisher: Washington, DC: World Bank,World Bank
• Subject: ALTERNATIVE REMITTANCE / ALTERNATIVE REMITTANCE SYSTEMS / ANTI-MONEY LAUNDERING / ARMED CONFLICT / ASSESSMENT METHODOLOGY / ATTACK / BANK SUPERVISION / BANKING SUPERVISION / BENEFICIAL OWNERS / BRIBERY / BUSINESS RELATIONSHIPS / CASH TRANSACTION / COMBAT MONEY LAUNDERING / COMPETENT AUTHORITIES / CONFISCATION / COUNSEL / CRIMINAL ACT / CRIMINAL ACTIVITIES / CRIMINAL ACTIVITY / CRIMINAL ACTS / CRIMINAL FUNDS / CRIMINAL ORGANIZATIONS / CRIMINAL PROCEEDS / CRIMINAL PURSUITS / CRIMINALS / CURRENCY / CUSTOMER IDENTIFICATION / DRUG TRAFFICKING / DUE DILIGENCE / DUE DILIGENCE PROCEDURES / ENFORCEMENT AGENCIES / FIGHTING MONEY LAUNDERING / FINANCIAL CRIME / FINANCIAL INTELLIGENCE UNIT / FINANCIAL INTELLIGENCE UNITS / FINANCIAL MARKET INTEGRITY / FINANCIAL MARKETS / FINANCIAL SECTOR / FINANCIAL SYSTEM / FINANCIAL TRANSACTIONS / FINANCING OF TERRORISM / FOREIGN INVESTMENT / FRAUD / IDENTIFICATION PROCEDURES / ILLEGAL ACTIVITIES / ILLEGAL FUNDS / ILLEGAL ORIGIN / ILLEGAL TRAFFICKING / ILLICIT FUNDS / ILLICIT ORIGINS / ILLICIT TRAFFICKING / INCOME / INSURANCE COMPANIES / INSURANCE CONTRACT / INSURANCE SUPERVISORS / INTEGRITY STANDARDS / INTERNAL CONTROLS / INTERNATIONAL ASSOCIATION / INTERNATIONAL COMMUNITY / INTERNATIONAL COOPERATION / INTERNATIONAL FINANCE / INTERNATIONAL INSTRUMENTS / INTERNATIONAL ORGANIZATIONS / INTERNATIONAL STANDARDS / INTERNATIONAL TREATIES / INVESTIGATIONS / JUDICIAL AUTHORITIES / JURISDICTIONS / KIDNAPPING / LAUNDERED FUNDS / LAUNDERING PROCESS / LAW ENFORCEMENT / LAW ENFORCEMENT AUTHORITIES / LAWS / LEGAL ENTITIES / LEGAL FRAMEWORK / LIQUIDITY / MONEY LAUNDERERS / MONEY LAUNDERING / MONEY LAUNDERING MEASURES / MONEY LAUNDERING METHODS / MONEY LAUNDERING PROCEEDS / MONEY LAUNDERING TYPOLOGIES / MONEY ORDERS / MULTILATERAL COOPERATION / NARCOTIC DRUGS / OFFENSES / ORGANIZED CRIME / PENALTIES / POLITICAL CORRUPTION / PREDICATE CRIMES / PREDICATE OFFENCES / PROCEEDS OF CRIME / PROSECUTION / PROSECUTORS / PUBLIC OFFICIALS / RECORD KEEPING REQUIREMENTS / REPUTATIONAL RISK / RISK MANAGEMENT / SECURITIES / SECURITIES FIRMS / SEIZURE / SHELL CORPORATION / SHELL CORPORATIONS / SMUGGLING / SOUTH AMERICA / SUBSIDIARY RIGHTS / SUPERVISORY AUTHORITIES / SUSPICIOUS TRANSACTION / SUSPICIOUS TRANSACTION REPORTING / SUSPICIOUS TRANSACTION REPORTS / SUSPICIOUS TRANSACTIONS / TAXATION / TECHNICAL ASSISTANCE / TERRITORIES / TERRORIST ACTIVITIES / TERRORIST ACTS / TERRORIST ASSETS / TERRORIST FINANCING / TERRORIST ORGANIZATIONS / TERRORISTS / UNITED NATIONS SECURITY / VICTIMS / WEAPONS
• ISBN: 9780821365137, 0821365134