Preventing Money Laundering and Terrorist Financing : A Practical Guide for Bank Supervisors
This book is specifically designed for bank supervisors, some of whom may be looking for ways to devise a program of anti-money laundering/combating the financing of terrorism (AML/CFT) supervision. Others may have encountered difficulties in eleme...
| Main Authors: | , , , , |
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| Format: | Publication |
| Language: | English |
| Published: |
World Bank
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090615030245 http://hdl.handle.net/10986/2638 |
| Summary: | This book is specifically designed for
bank supervisors, some of whom may be looking for ways to
devise a program of anti-money laundering/combating the
financing of terrorism (AML/CFT) supervision. Others may
have encountered difficulties in elements of their systems
of supervision and are looking for alternatives. Supervisors
may also come to recognize even more efficient ways to carry
out AML/CFT supervision. The objective of this book is
therefore to provide a "how to" reference for
practitioners of financial regulation and supervision. The
authors have attempted to conceive a practical guide, with
the purpose of resolving strategic and operational
supervisory issues. They cover the entire spectrum of
supervision, ranging from supervision objectives to the
design and carrying out of onsite and offsite inspection
programs, and from cooperation with other domestic and
international AML/CFT authorities to sanctions and
enforcement. The international community recognizes that
under-regulated or unsupervised entities have the potential
to undermine confidence in financial markets and hamper
economic recovery. Better transparency, enhanced oversight,
and stronger cross border cooperation among regulators and
supervisors in all areas of risks, including money
laundering and terrorist financing, are necessary to ensure
that financial institutions always remain sound,
sustainable, and vigilant. This task is even greater during
difficult times. |
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