Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) - Review of the Effectiveness of the Program
Title | Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) - Review of the Effectiveness of the Program PDF eBook |
Author | International Monetary Fund. Legal Dept. |
Publisher | International Monetary Fund |
Pages | 98 |
Release | 2011-11-05 |
Genre | Social Science |
ISBN | 1498338879 |
The Fund’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) program has significantly contributed to the international community’s response to money laundering and the financing of terrorism. This paper reviews how the Fund’s AML/CFT program has evolved during the past five years and discusses how the Fund could move forward in this area. The past five years have witnessed significant changes to the Fund’s AML/CFT technical assistance program. It is now being delivered more strategically than in the past and is almost exclusively funded by external resources. Its central pillar is now the AML/CFT Topical Trust Fund.
2023 Review of The Fund’s Anti-Money Laundering and Combating The Financing of Terrorism Strategy
Title | 2023 Review of The Fund’s Anti-Money Laundering and Combating The Financing of Terrorism Strategy PDF eBook |
Author | International Monetary Fund. Legal Dept. |
Publisher | International Monetary Fund |
Pages | 56 |
Release | 2023-12-05 |
Genre | Business & Economics |
ISBN |
This paper reviews the Fund’s efforts to safeguard financial integrity and proposes the way forward for the Fund’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Strategy. For over 20 years, the IMF has recognized that effective AML/CFT frameworks, and financial integrity more broadly, are key to the soundness and stability of the financial sector and to prevent the negative macroeconomic implications of financial crimes on the broader economy of members, progressively integrating this work across all its core functions and in a broad set of Fund policies. The paper takes stock of the implementation of the IMF's AML/CFT strategy since 2018. It also proposes deepening the integration of financial integrity issues and an enhanced focus on the macroeconomic impact of AML/CFT issues for the way forward.
Review of the Fund's Strategy on Anti-Money Laundering and Combating the Financing of Terrorism
Title | Review of the Fund's Strategy on Anti-Money Laundering and Combating the Financing of Terrorism PDF eBook |
Author | International Monetary Fund |
Publisher | International Monetary Fund |
Pages | 29 |
Release | 2014-02-20 |
Genre | Social Science |
ISBN | 1498343740 |
The Fund’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) program represents an important contribution to the international community’s response to money laundering and terrorist financing over the past decade. The program originally focused primarily on (a) AML/CFT assessments – as part of the Reports on the Observance of Standards and Codes (ROSC) program and of the Financial Sector Assessment Program (FSAP) – and (b) capacity development activities. Following guidance provided by the Board in 2011, money laundering, terrorist financing and related predicate crimes issues (hereinafter also referred to as financial integrity issues) are being raised in the context of surveillance when they are judged to affect domestic and balance of payments stability. Moreover, some recent Fund-supported programs have also incorporated financial integrity issues.
Anti-money Laundering and Combating the Financing of Terror (AML/CFT)
Title | Anti-money Laundering and Combating the Financing of Terror (AML/CFT) PDF eBook |
Author | International Monetary Fund |
Publisher | |
Pages | 97 |
Release | 2011 |
Genre | Money laundering |
ISBN |
Review of the Fund's Strategy on Anti-Money Laundering and Combating the Financing of Terrorism
Title | Review of the Fund's Strategy on Anti-Money Laundering and Combating the Financing of Terrorism PDF eBook |
Author | International Monetary Fund. Legal Dept. |
Publisher | International Monetary Fund |
Pages | 53 |
Release | 2019-02-04 |
Genre | Social Science |
ISBN | 1513510282 |
The staff report provides an overview of the Fund's AML/CFT program, since the last review conducted in 2014 and seeks the endorsement of the Executive Board to continue on the basis of the directions given in 2014, with one minor adjustment proposed in relation to Fund-led AML/CFT assessments.
Twelve-Month Pilot Program of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Assessments-Joint Report on the Review of the Pilot Program
Title | Twelve-Month Pilot Program of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Assessments-Joint Report on the Review of the Pilot Program PDF eBook |
Author | International Monetary Fund. Legal Dept. |
Publisher | International Monetary Fund |
Pages | 69 |
Release | 2004-10-03 |
Genre | Social Science |
ISBN | 1498330401 |
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Anti-Money Laundering and Combating the Financing of Terrorism - Observations from the Work Program and Implications Going Forward
Title | Anti-Money Laundering and Combating the Financing of Terrorism - Observations from the Work Program and Implications Going Forward PDF eBook |
Author | International Monetary Fund. Monetary and Financial Systems Dept. |
Publisher | International Monetary Fund |
Pages | 32 |
Release | 2005-08-31 |
Genre | Social Science |
ISBN | 1498331173 |
This paper provides a summary of the IMF and the World Bank work programs on anti-money laundering and combating the financing of terrorism following the Fund and Bank Boards' decisions in March 2004 to endorse the revised FATF standard (2003 version) and methodology for the purposes of preparing ROSCs and to expand the areas of Bank/Fund responsibility to cover the revised FATF standard comprehensively. It draws lessons on what has worked well and the challenges and discusses the work program going forward.