Anti-Money Laundering and Combating the Financing of Terrorism : Mali

This assessment of the Anti-Money Laundering and Combating the Financing of Terrorism (AML-CFT) regime in Mali was conducted on the basis of the Forty Recommendations of 2003 and the Nine Special Recommendations on the financing of terrorism drawn...

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Bibliographic Details
Main Author: World Bank
Format: Other Financial Accountability Study
Language:English
en_US
Published: GIABA and the World Bank, Washington, DC 2013
Subjects:
MFI
Online Access:http://documents.worldbank.org/curated/en/2008/09/16404750/mali-anti-money-laundering-combating-financing-terrorism-mutual-evaluation-report
http://hdl.handle.net/10986/12956
id okr-10986-12956
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic AGRICULTURAL ACTIVITIES
ANTI-MONEY LAUNDERING
ASSET MANAGEMENT
ASSET MANAGER
ASSET MANAGERS
AUDITORS
AUDITS
AUTOMATED TELLER MACHINES
AUTOMATIC TELLER
BALANCE SHEET
BALANCE SHEETS
BANK ACCOUNTS
BANK ASSETS
BANK BORROWERS
BANK FAILURE
BANKING LAW
BANKING NETWORK
BANKING SECTOR
BANKING SERVICES
BANKING SYSTEM
BANKS
BENEFICIARIES
BENEFICIARY
BONDS
BROKER
BROKERS
CAPACITY BUILDING
CAPITAL FLOWS
CASH DEPOSIT
CENTRAL BANK
CENTRAL SECURITIES DEPOSITORY
CHECK RECIPIENTS
CHECKS
CODE OF CONDUCT
COLLECTIVE INVESTMENTS
COMMERCIAL LAW
CONFIDENTIALITY
CONSUMER GOODS
CONVERSIONS
COOPERATIVES
CORRUPTION
CREDIT INSTITUTION
CREDITS
CRIMINAL
CROSS-BORDER TRANSACTIONS
DEBTORS
DEMOGRAPHIC
DEPOSIT
DEPOSIT ACCOUNTS
DEPOSITS
DEVALUATION
DEVELOPMENT BANK
DIVERSIFICATION
DUE DILIGENCE
DUE DILIGENCE REQUIREMENTS
ECONOMIC ACTIVITY
ECONOMIC AGENTS
ECONOMIC TRANSACTIONS
ELECTRONIC FUND
ELECTRONIC FUNDS
ELECTRONIC PAYMENTS
ELECTRONIC WALLET
EXCHANGE CONTROLS
EXPORT SECTORS
EXPORTER
FAMILIES
FINANCIAL AUTHORITIES
FINANCIAL ENGINEERING
FINANCIAL FLOWS
FINANCIAL INFORMATION
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL INTELLIGENCE
FINANCIAL INTELLIGENCE UNIT
FINANCIAL INTERMEDIATION
FINANCIAL MANAGEMENT
FINANCIAL MARKET
FINANCIAL MARKETS
FINANCIAL RESOURCES
FINANCIAL SECTOR ASSESSMENT
FINANCIAL SERVICES
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FINANCING SOURCES
FIXED CAPITAL
FIXED CAPITAL INVESTMENT
FLOWS OF CAPITAL
FOREIGN BANKS
FOREIGN CURRENCIES
FOREIGN CURRENCY
FOREIGN EXCHANGE
FOREIGN EXCHANGE TRANSACTIONS
FORMAL FINANCIAL SECTOR
FORMAL FINANCIAL SERVICES
FRAUD
GLOBALIZATION
GOOD GOVERNANCE
GROSS DOMESTIC PRODUCT
HARMONIZATION
HOUSING
HUMAN DEVELOPMENT
HUMAN RESOURCES
IDENTITY DOCUMENT
IDENTITY DOCUMENTS
INFORMAL ECONOMY
INFORMATION PROCESSING
INSTRUMENT
INSURANCE
INSURANCE COMPANIES
INTERMEDIARY BANK
INTERNAL CONTROL
INTERNAL CONTROLS
INTERNATIONAL COOPERATION
INTERNATIONAL STANDARDS
INTERNATIONAL TRADE
INVESTIGATION
INVESTIGATIONS
INVESTMENT CAPITAL
INVESTMENT FUNDS
ISSUANCE
JURISDICTION
LAW ENFORCEMENT
LAWS
LEGAL ASSISTANCE
LEGAL FRAMEWORK
LEGAL INSTRUMENTS
LEGAL MECHANISM
LEGAL PROVISION
LEGAL PROVISIONS
LEGAL SYSTEM
LEGAL SYSTEMS
LEGISLATION
LIFE INSURANCE
LIFE INSURANCE COMPANY
LIFE INSURANCE PRODUCTS
LIFE-INSURANCE
LIMITED ACCESS
LOAN
LOCAL BANKS
LOSS OF CONFIDENCE
LOTTERIES
MARKET PLAYERS
MATURITY
MFI
MFIS
MICRO FINANCE
MICROFINANCE
MICROFINANCE INSTITUTION
MICROFINANCE INSTITUTIONS
MICROFINANCE SECTOR
MIGRATION
MINORITY SHAREHOLDERS
MONEY LAUNDERING
MONEY ORDER
MONEY ORDERS
MONEY TRANSFER
MORTGAGE
MULTINATIONAL
MUTUAL FUND
MUTUAL FUNDS
NONBANK FINANCIAL INSTITUTIONS
NONPROFIT ORGANIZATIONS
OPERATING RATIO
PAYMENT CARD
PAYMENT CARDS
PAYMENT SYSTEMS
PAYMENTS SYSTEM
PENALTIES
PENSION
PENSION FUND
PENSION FUNDS
PENSIONS
POLITICAL STABILITY
POLITICAL SYSTEM
POST OFFICE
POSTAL FINANCE
PREMIUM PAYMENTS
PROFITABILITY
PROSECUTION
PRUDENTIAL SUPERVISION
PUBLIC FINANCES
PUBLIC SAVINGS
PUBLIC SERVICES
RAPID GROWTH
REAL ESTATE
REAL PROPERTY
RECEIPT
RECEIPTS
REGULATORY ENVIRONMENT
REINSURANCE
REMITTANCES
RETIREMENT
RISK MANAGEMENT
RULE OF LAW
SAVINGS
SAVINGS ACCOUNTS
SAVINGS BANKS
SAVINGS INSTITUTIONS
SAVINGS INSTRUMENT
SAVINGS PRODUCTS
SECURITIES
SECURITIES EXCHANGE
SEIZURE
SEIZURES
SELF-REGULATION
SETTLEMENT
SMALL BUSINESS
SMALL LOANS
SMART CARDS
SOCIAL WELFARE
SOURCE OF INCOME
SPECIALIZED BANKS
STOCK EXCHANGE
SUBSIDIARIES
SUPERVISORY AUTHORITIES
SUPERVISORY AUTHORITY
TAXATION
TERRORISM
TIME DEPOSITS
TRADING
TRANSACTION
TRANSFER OF FUNDS
TRANSPARENCY
TREASURIES
TREASURY
UNION
UNIVERSAL BANKS
URBAN AREAS
WIRE TRANSFERS
WITHDRAWAL
spellingShingle AGRICULTURAL ACTIVITIES
ANTI-MONEY LAUNDERING
ASSET MANAGEMENT
ASSET MANAGER
ASSET MANAGERS
AUDITORS
AUDITS
AUTOMATED TELLER MACHINES
AUTOMATIC TELLER
BALANCE SHEET
BALANCE SHEETS
BANK ACCOUNTS
BANK ASSETS
BANK BORROWERS
BANK FAILURE
BANKING LAW
BANKING NETWORK
BANKING SECTOR
BANKING SERVICES
BANKING SYSTEM
BANKS
BENEFICIARIES
BENEFICIARY
BONDS
BROKER
BROKERS
CAPACITY BUILDING
CAPITAL FLOWS
CASH DEPOSIT
CENTRAL BANK
CENTRAL SECURITIES DEPOSITORY
CHECK RECIPIENTS
CHECKS
CODE OF CONDUCT
COLLECTIVE INVESTMENTS
COMMERCIAL LAW
CONFIDENTIALITY
CONSUMER GOODS
CONVERSIONS
COOPERATIVES
CORRUPTION
CREDIT INSTITUTION
CREDITS
CRIMINAL
CROSS-BORDER TRANSACTIONS
DEBTORS
DEMOGRAPHIC
DEPOSIT
DEPOSIT ACCOUNTS
DEPOSITS
DEVALUATION
DEVELOPMENT BANK
DIVERSIFICATION
DUE DILIGENCE
DUE DILIGENCE REQUIREMENTS
ECONOMIC ACTIVITY
ECONOMIC AGENTS
ECONOMIC TRANSACTIONS
ELECTRONIC FUND
ELECTRONIC FUNDS
ELECTRONIC PAYMENTS
ELECTRONIC WALLET
EXCHANGE CONTROLS
EXPORT SECTORS
EXPORTER
FAMILIES
FINANCIAL AUTHORITIES
FINANCIAL ENGINEERING
FINANCIAL FLOWS
FINANCIAL INFORMATION
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL INTELLIGENCE
FINANCIAL INTELLIGENCE UNIT
FINANCIAL INTERMEDIATION
FINANCIAL MANAGEMENT
FINANCIAL MARKET
FINANCIAL MARKETS
FINANCIAL RESOURCES
FINANCIAL SECTOR ASSESSMENT
FINANCIAL SERVICES
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FINANCING SOURCES
FIXED CAPITAL
FIXED CAPITAL INVESTMENT
FLOWS OF CAPITAL
FOREIGN BANKS
FOREIGN CURRENCIES
FOREIGN CURRENCY
FOREIGN EXCHANGE
FOREIGN EXCHANGE TRANSACTIONS
FORMAL FINANCIAL SECTOR
FORMAL FINANCIAL SERVICES
FRAUD
GLOBALIZATION
GOOD GOVERNANCE
GROSS DOMESTIC PRODUCT
HARMONIZATION
HOUSING
HUMAN DEVELOPMENT
HUMAN RESOURCES
IDENTITY DOCUMENT
IDENTITY DOCUMENTS
INFORMAL ECONOMY
INFORMATION PROCESSING
INSTRUMENT
INSURANCE
INSURANCE COMPANIES
INTERMEDIARY BANK
INTERNAL CONTROL
INTERNAL CONTROLS
INTERNATIONAL COOPERATION
INTERNATIONAL STANDARDS
INTERNATIONAL TRADE
INVESTIGATION
INVESTIGATIONS
INVESTMENT CAPITAL
INVESTMENT FUNDS
ISSUANCE
JURISDICTION
LAW ENFORCEMENT
LAWS
LEGAL ASSISTANCE
LEGAL FRAMEWORK
LEGAL INSTRUMENTS
LEGAL MECHANISM
LEGAL PROVISION
LEGAL PROVISIONS
LEGAL SYSTEM
LEGAL SYSTEMS
LEGISLATION
LIFE INSURANCE
LIFE INSURANCE COMPANY
LIFE INSURANCE PRODUCTS
LIFE-INSURANCE
LIMITED ACCESS
LOAN
LOCAL BANKS
LOSS OF CONFIDENCE
LOTTERIES
MARKET PLAYERS
MATURITY
MFI
MFIS
MICRO FINANCE
MICROFINANCE
MICROFINANCE INSTITUTION
MICROFINANCE INSTITUTIONS
MICROFINANCE SECTOR
MIGRATION
MINORITY SHAREHOLDERS
MONEY LAUNDERING
MONEY ORDER
MONEY ORDERS
MONEY TRANSFER
MORTGAGE
MULTINATIONAL
MUTUAL FUND
MUTUAL FUNDS
NONBANK FINANCIAL INSTITUTIONS
NONPROFIT ORGANIZATIONS
OPERATING RATIO
PAYMENT CARD
PAYMENT CARDS
PAYMENT SYSTEMS
PAYMENTS SYSTEM
PENALTIES
PENSION
PENSION FUND
PENSION FUNDS
PENSIONS
POLITICAL STABILITY
POLITICAL SYSTEM
POST OFFICE
POSTAL FINANCE
PREMIUM PAYMENTS
PROFITABILITY
PROSECUTION
PRUDENTIAL SUPERVISION
PUBLIC FINANCES
PUBLIC SAVINGS
PUBLIC SERVICES
RAPID GROWTH
REAL ESTATE
REAL PROPERTY
RECEIPT
RECEIPTS
REGULATORY ENVIRONMENT
REINSURANCE
REMITTANCES
RETIREMENT
RISK MANAGEMENT
RULE OF LAW
SAVINGS
SAVINGS ACCOUNTS
SAVINGS BANKS
SAVINGS INSTITUTIONS
SAVINGS INSTRUMENT
SAVINGS PRODUCTS
SECURITIES
SECURITIES EXCHANGE
SEIZURE
SEIZURES
SELF-REGULATION
SETTLEMENT
SMALL BUSINESS
SMALL LOANS
SMART CARDS
SOCIAL WELFARE
SOURCE OF INCOME
SPECIALIZED BANKS
STOCK EXCHANGE
SUBSIDIARIES
SUPERVISORY AUTHORITIES
SUPERVISORY AUTHORITY
TAXATION
TERRORISM
TIME DEPOSITS
TRADING
TRANSACTION
TRANSFER OF FUNDS
TRANSPARENCY
TREASURIES
TREASURY
UNION
UNIVERSAL BANKS
URBAN AREAS
WIRE TRANSFERS
WITHDRAWAL
World Bank
Anti-Money Laundering and Combating the Financing of Terrorism : Mali
geographic_facet Africa
Mali
description This assessment of the Anti-Money Laundering and Combating the Financing of Terrorism (AML-CFT) regime in Mali was conducted on the basis of the Forty Recommendations of 2003 and the Nine Special Recommendations on the financing of terrorism drawn up in 2003 and 2001, respectively, by the Financial Action Task Force (FATF), and on the AML-CFT Methodology of 2004. The assessment was based on the laws, regulations, and other materials supplied by community institutions (in particular the Central Bank of West African States (BCEAO), the Banking Commission of the West African Economic and Monetary Union (BC-WAEMU) and the Inter-ministerial Group for Action Against Money Laundering in West Africa (GIABA)) and by the national authorities of Mali, as well as the information gathered in the course of the country visit from February 4 to 14, 2008. During its visit, the assessment team met with the managers and representatives of all the relevant government agencies and the private sector. This report provides a summary of the AML/CFT measures in force in Mali as at the date of the on-site visit or immediately thereafter. It describes and analyzes those measures, and makes recommendations on how certain aspects of the system could be strengthened. It also sets out Mali's level of compliance with the FATF 40+9 Recommendations.
format Economic & Sector Work :: Other Financial Accountability Study
author World Bank
author_facet World Bank
author_sort World Bank
title Anti-Money Laundering and Combating the Financing of Terrorism : Mali
title_short Anti-Money Laundering and Combating the Financing of Terrorism : Mali
title_full Anti-Money Laundering and Combating the Financing of Terrorism : Mali
title_fullStr Anti-Money Laundering and Combating the Financing of Terrorism : Mali
title_full_unstemmed Anti-Money Laundering and Combating the Financing of Terrorism : Mali
title_sort anti-money laundering and combating the financing of terrorism : mali
publisher GIABA and the World Bank, Washington, DC
publishDate 2013
url http://documents.worldbank.org/curated/en/2008/09/16404750/mali-anti-money-laundering-combating-financing-terrorism-mutual-evaluation-report
http://hdl.handle.net/10986/12956
_version_ 1764420996337500160
spelling okr-10986-129562021-04-23T14:03:03Z Anti-Money Laundering and Combating the Financing of Terrorism : Mali World Bank AGRICULTURAL ACTIVITIES ANTI-MONEY LAUNDERING ASSET MANAGEMENT ASSET MANAGER ASSET MANAGERS AUDITORS AUDITS AUTOMATED TELLER MACHINES AUTOMATIC TELLER BALANCE SHEET BALANCE SHEETS BANK ACCOUNTS BANK ASSETS BANK BORROWERS BANK FAILURE BANKING LAW BANKING NETWORK BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKS BENEFICIARIES BENEFICIARY BONDS BROKER BROKERS CAPACITY BUILDING CAPITAL FLOWS CASH DEPOSIT CENTRAL BANK CENTRAL SECURITIES DEPOSITORY CHECK RECIPIENTS CHECKS CODE OF CONDUCT COLLECTIVE INVESTMENTS COMMERCIAL LAW CONFIDENTIALITY CONSUMER GOODS CONVERSIONS COOPERATIVES CORRUPTION CREDIT INSTITUTION CREDITS CRIMINAL CROSS-BORDER TRANSACTIONS DEBTORS DEMOGRAPHIC DEPOSIT DEPOSIT ACCOUNTS DEPOSITS DEVALUATION DEVELOPMENT BANK DIVERSIFICATION DUE DILIGENCE DUE DILIGENCE REQUIREMENTS ECONOMIC ACTIVITY ECONOMIC AGENTS ECONOMIC TRANSACTIONS ELECTRONIC FUND ELECTRONIC FUNDS ELECTRONIC PAYMENTS ELECTRONIC WALLET EXCHANGE CONTROLS EXPORT SECTORS EXPORTER FAMILIES FINANCIAL AUTHORITIES FINANCIAL ENGINEERING FINANCIAL FLOWS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTELLIGENCE FINANCIAL INTELLIGENCE UNIT FINANCIAL INTERMEDIATION FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCING SOURCES FIXED CAPITAL FIXED CAPITAL INVESTMENT FLOWS OF CAPITAL FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS FORMAL FINANCIAL SECTOR FORMAL FINANCIAL SERVICES FRAUD GLOBALIZATION GOOD GOVERNANCE GROSS DOMESTIC PRODUCT HARMONIZATION HOUSING HUMAN DEVELOPMENT HUMAN RESOURCES IDENTITY DOCUMENT IDENTITY DOCUMENTS INFORMAL ECONOMY INFORMATION PROCESSING INSTRUMENT INSURANCE INSURANCE COMPANIES INTERMEDIARY BANK INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL COOPERATION INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVESTIGATION INVESTIGATIONS INVESTMENT CAPITAL INVESTMENT FUNDS ISSUANCE JURISDICTION LAW ENFORCEMENT LAWS LEGAL ASSISTANCE LEGAL FRAMEWORK LEGAL INSTRUMENTS LEGAL MECHANISM LEGAL PROVISION LEGAL PROVISIONS LEGAL SYSTEM LEGAL SYSTEMS LEGISLATION LIFE INSURANCE LIFE INSURANCE COMPANY LIFE INSURANCE PRODUCTS LIFE-INSURANCE LIMITED ACCESS LOAN LOCAL BANKS LOSS OF CONFIDENCE LOTTERIES MARKET PLAYERS MATURITY MFI MFIS MICRO FINANCE MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MIGRATION MINORITY SHAREHOLDERS MONEY LAUNDERING MONEY ORDER MONEY ORDERS MONEY TRANSFER MORTGAGE MULTINATIONAL MUTUAL FUND MUTUAL FUNDS NONBANK FINANCIAL INSTITUTIONS NONPROFIT ORGANIZATIONS OPERATING RATIO PAYMENT CARD PAYMENT CARDS PAYMENT SYSTEMS PAYMENTS SYSTEM PENALTIES PENSION PENSION FUND PENSION FUNDS PENSIONS POLITICAL STABILITY POLITICAL SYSTEM POST OFFICE POSTAL FINANCE PREMIUM PAYMENTS PROFITABILITY PROSECUTION PRUDENTIAL SUPERVISION PUBLIC FINANCES PUBLIC SAVINGS PUBLIC SERVICES RAPID GROWTH REAL ESTATE REAL PROPERTY RECEIPT RECEIPTS REGULATORY ENVIRONMENT REINSURANCE REMITTANCES RETIREMENT RISK MANAGEMENT RULE OF LAW SAVINGS SAVINGS ACCOUNTS SAVINGS BANKS SAVINGS INSTITUTIONS SAVINGS INSTRUMENT SAVINGS PRODUCTS SECURITIES SECURITIES EXCHANGE SEIZURE SEIZURES SELF-REGULATION SETTLEMENT SMALL BUSINESS SMALL LOANS SMART CARDS SOCIAL WELFARE SOURCE OF INCOME SPECIALIZED BANKS STOCK EXCHANGE SUBSIDIARIES SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY TAXATION TERRORISM TIME DEPOSITS TRADING TRANSACTION TRANSFER OF FUNDS TRANSPARENCY TREASURIES TREASURY UNION UNIVERSAL BANKS URBAN AREAS WIRE TRANSFERS WITHDRAWAL This assessment of the Anti-Money Laundering and Combating the Financing of Terrorism (AML-CFT) regime in Mali was conducted on the basis of the Forty Recommendations of 2003 and the Nine Special Recommendations on the financing of terrorism drawn up in 2003 and 2001, respectively, by the Financial Action Task Force (FATF), and on the AML-CFT Methodology of 2004. The assessment was based on the laws, regulations, and other materials supplied by community institutions (in particular the Central Bank of West African States (BCEAO), the Banking Commission of the West African Economic and Monetary Union (BC-WAEMU) and the Inter-ministerial Group for Action Against Money Laundering in West Africa (GIABA)) and by the national authorities of Mali, as well as the information gathered in the course of the country visit from February 4 to 14, 2008. During its visit, the assessment team met with the managers and representatives of all the relevant government agencies and the private sector. This report provides a summary of the AML/CFT measures in force in Mali as at the date of the on-site visit or immediately thereafter. It describes and analyzes those measures, and makes recommendations on how certain aspects of the system could be strengthened. It also sets out Mali's level of compliance with the FATF 40+9 Recommendations. 2013-03-26T19:44:39Z 2013-03-26T19:44:39Z 2008-09-18 http://documents.worldbank.org/curated/en/2008/09/16404750/mali-anti-money-laundering-combating-financing-terrorism-mutual-evaluation-report http://hdl.handle.net/10986/12956 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank GIABA and the World Bank, Washington, DC Economic & Sector Work :: Other Financial Accountability Study Economic & Sector Work Africa Mali