Download Combating Money Laundering and the Financing of Terrorism: A by World Bank, International Monetary Fund PDF

By World Bank, International Monetary Fund

Funds laundering and the financing of terrorism are international difficulties that not just threaten a country’s defense, but in addition compromise the soundness, transparency, and potency of its economic system, therefore undermining its financial prosperity. the once a year international estimate for cash laundering is greater than $1 trillion, valued in U.S. cash. Efforts to counter those actions are referred to as anti–money laundering and struggling with the financing of terrorism (AML/CFT) programs.

The 'Combating cash Laundering and the Financing of Terrorism' education application was once constructed through the realm Bank’s monetary marketplace Integrity Unit, with aid from the governments of Sweden, Japan, Denmark, and Canada. this system may help international locations construct and improve their AML/CFT efforts via education all proper employees in either the private and non-private sectors, comparable to employees in fi nancial intelligence devices, monetary supervisory specialists, legislation enforcement firms, and monetary institutions.

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

The modules conceal all of the monetary motion job strength on Anti–Money Laundering’s 40 innovations and 9 unique innovations, with the unique texts. each one module is concentrated at a particular team of pros in a jurisdiction’s AML/CFT regime, even if they might additionally reap the benefits of gaining wider wisdom in the course of the different modules incorporated 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 a number of case reports, discussions and analyses of hypothetical and genuine examples of cash laundering schemes, and top practices in research and enforcement, as a way to support readers absolutely comprehend the implementation of winning AML/CFT courses.

Show description

Read Online or Download Combating Money Laundering and the Financing of Terrorism: A Comprehensive Training Guide PDF

Best money & monetary policy books

Financial Markets and European Monetary Cooperation: The Lessons of the 1992-93 Exchange Rate Mechanism Crisis (Japan-US Center UFJ Bank Monographs on International Financial Markets)

Why used to be the ecu financial procedure in 1992-93 swept through waves of disruptive speculative assaults? And what classes emerged from that episode as regards the way forward for the eu financial Union? This e-book presents a entire evaluation of the factors and implications of the 1992-93 difficulty of the trade cost mechanism.

Juggling Dynamite: An insider's wisdom about money management, markets, and wealth that lasts

With instantly speak and actual existence tales, this ebook indicates you the way to guard your investments in order that neither you nor your cash are trampled by means of the myths and herd mentality of undefined. making an investment might be difficult. Compounding the matter are the pressures that stem from the profit-seeking funding revenues and the company media.

Policy Regimes and Industrial Competitiveness: A Comparative Study of East Asia and India

This e-book appears on the financial functionality of East Asia during the last 3 a long time in a unified method. the focal point is at the universal forces, generated by means of every one country's guidelines, that together produced such winning results. The position of macroeconomics and microeconomic elements are analyzed. For comparability, an analogous framework is used to check the fewer winning functionality of the Indian financial system.

The Ontology and Function of Money: The Philosophical Fundamentals of Monetary Institutions

The important thesis of the ebook is that during order to judge financial coverage, one must have a transparent notion concerning the features and capabilities of cash because it advanced and in its present shape. that's to claim that with out an knowing approximately how cash advanced as a social establishment, what it truly is this day, and what's attainable to grasp approximately financial phenomena, it isn't attainable to strengthen a significant ethics for cash; or, to place it another way, to discover what sort of institutional preparations might be deemed strong cash for the type of society we're in.

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

Sample text

Given the potentially destabilizing effects of criminal and terrorist action against the international financial architecture, occasional ministerial meetings will provide an ongoing accountability mechanism whereby Ministers can shape the strategic direction of FATF policy making. (c) The International Bank for Reconstruction and Development / The World Bank Appendix C: FATF membership To guard its decision-making capacity, the organization sets certain criteria for the recruitment of new members (Source: FATF Annual Report 2003–04, p.

A converted his cash into deposits and then withdrew it in checks drawn on the casino’s bank accounts. 4) Mr.

The statement sets out the basic principles of customer identification, which precludes assistance to criminals and encourages cooperation with law enforcement officers. 9 Subsequently in February 2003, General Guide to Account Opening and Customer Identification10 was added to Customer Due Diligence for Banks. THE INTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORS Established in 1994, the International Association of Insurance Supervisors (IAIS) promotes worldwide cooperation among insurance supervisors in setting standards for insurance sector supervision and enhancing coordination between insurance sector supervisors and other financial market supervisors.

Download PDF sample

Rated 4.77 of 5 – based on 29 votes