New PDF release: Combating Money Laundering and the Financing of Terrorism: A

By World Bank, International Monetary Fund

ISBN-10: 0821375695

ISBN-13: 9780821375693

Funds laundering and the financing of terrorism are worldwide difficulties that not just threaten a country’s safeguard, but additionally compromise the soundness, transparency, and potency of its economic system, as a result undermining its financial prosperity. the yearly international estimate for funds laundering is greater than $1 trillion, valued in U.S. funds. 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 by means of the area Bank’s monetary industry Integrity Unit, with help from the governments of Sweden, Japan, Denmark, and Canada. this system might help nations construct and advance their AML/CFT efforts through education all correct employees in either the private and non-private sectors, equivalent to employees in fi nancial intelligence devices, monetary supervisory gurus, legislations enforcement corporations, and monetary institutions.

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

The modules hide all of the monetary motion activity strength on Anti–Money Laundering’s 40 techniques and 9 targeted concepts, with the unique texts. each one module is focused at a selected team of execs in a jurisdiction’s AML/CFT regime, even if they might additionally make the most of gaining wider wisdom throughout the different modules incorporated during this application. each one module offers questions firstly and finish to evaluate how a lot has been discovered. the learning advisor comprises various case stories, discussions and analyses of hypothetical and genuine examples of cash laundering schemes, and most sensible practices in research and enforcement, for you to aid readers absolutely comprehend the implementation of winning AML/CFT courses.

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Download e-book for iPad: Combating Money Laundering and the Financing of Terrorism: A by World Bank, International Monetary Fund

Funds laundering and the financing of terrorism are worldwide difficulties that not just threaten a country’s protection, but in addition compromise the steadiness, transparency, and potency of its economy, accordingly undermining its fiscal prosperity. the once a year worldwide estimate for cash laundering is greater than $1 trillion, valued in U.

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

Sample text

5. 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.

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

The Security Council issued Resolution 1373 (2001), which requires all UN member countries to take comprehensive measures to suppress terrorism. The resolution placed special emphasis on the area of financing of terrorism and all other forms of direct and indirect assistance. The resolution established the Counter-Terrorism Committee (CTC), which monitors the implementation of the resolution and assesses countries’ compliance through a procedure of self-assessment and reporting mechanisms. Resolution 1373 imposes binding obligations on all UN member countries with the aim of combating terrorism in all its forms and manifestations.

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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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