Anti-Money Laundering and Combating the Financing of Terrorism : Honduras
This Report provides a summary of the level of compliance with the Financial Action Task Force, and provides recommendations to improve compliance within the prevailing context of Honduras. The views expressed in this document are those of the asse...
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| Format: | Other Financial Accountability Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2009/08/16350133/honduras-mutual-evaluation-report-anti-money-laundering-combating-financing-terrorism-aldcft http://hdl.handle.net/10986/12970 |
| Summary: | This Report provides a summary of the
level of compliance with the Financial Action Task Force,
and provides recommendations to improve compliance within
the prevailing context of Honduras. The views expressed in
this document are those of the assessment team and do not
necessarily reflect the views of the Government of Honduras
or the Boards of the World Bank (WB) and International
Monetary Fund (IMF). Honduras has set up a number of the
fundamental components of an anti-money laundering (AML)
regime, through various legislative and regulatory
instruments and an institutional framework which includes
law enforcement, prosecution, and supervisory bodies. While
progress has been made, key changes are needed to laws and
regulations in order for Honduras to have more effective
money laundering and financing of terrorism regime. There
is a lack of strategic direction and coordination among the
participants. A focal point and coordination body needs to
be established, involving senior representatives of all the
entities involved in anti-money laundering and
counter-terrorist financing to ensure the most effective and
efficient collaboration of the initiative, and to ensure
that necessary policy, regulatory and legislative measures
can be expeditiously developed, approved and implemented and
that initiative wide statistics on workload, performance and
results are collected and shared. |
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