Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism : Second Edition and Supplement on Special Recommendation IX
Efforts to launder money and finance terrorism have been evolving rapidly in recent years in response to heightened countermeasures. The international community has witnessed the use of increasingly sophisticated methods to move illicit funds throu...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/01/6561892/reference-guide-anti-money-laundering-combating-financing-terrorism-second-edition-supplement-special-recommendation-ix http://hdl.handle.net/10986/6977 |
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okr-10986-6977 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ALTERNATIVE REMITTANCE ALTERNATIVE REMITTANCE SYSTEMS ANTI-MONEY LAUNDERING ARMED CONFLICT ASSESSMENT METHODOLOGY ATTACK BANK SUPERVISION BANKING SUPERVISION BENEFICIAL OWNERS BRIBERY BUSINESS RELATIONSHIPS CASH TRANSACTION COMBAT MONEY LAUNDERING COMPETENT AUTHORITIES CONFISCATION COUNSEL CRIMINAL ACT CRIMINAL ACTIVITIES CRIMINAL ACTIVITY CRIMINAL ACTS CRIMINAL FUNDS CRIMINAL ORGANIZATIONS CRIMINAL PROCEEDS CRIMINAL PURSUITS CRIMINALS CURRENCY CUSTOMER IDENTIFICATION DRUG TRAFFICKING DUE DILIGENCE DUE DILIGENCE PROCEDURES ENFORCEMENT AGENCIES FIGHTING MONEY LAUNDERING FINANCIAL CRIME FINANCIAL INTELLIGENCE UNIT FINANCIAL INTELLIGENCE UNITS FINANCIAL MARKET INTEGRITY FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FINANCING OF TERRORISM FOREIGN INVESTMENT FRAUD IDENTIFICATION PROCEDURES ILLEGAL ACTIVITIES ILLEGAL FUNDS ILLEGAL ORIGIN ILLEGAL TRAFFICKING ILLICIT FUNDS ILLICIT ORIGINS ILLICIT TRAFFICKING INCOME INSURANCE COMPANIES INSURANCE CONTRACT INSURANCE SUPERVISORS INTEGRITY STANDARDS INTERNAL CONTROLS INTERNATIONAL ASSOCIATION INTERNATIONAL COMMUNITY INTERNATIONAL COOPERATION INTERNATIONAL FINANCE INTERNATIONAL INSTRUMENTS INTERNATIONAL ORGANIZATIONS INTERNATIONAL STANDARDS INTERNATIONAL TREATIES INVESTIGATIONS JUDICIAL AUTHORITIES JURISDICTIONS KIDNAPPING LAUNDERED FUNDS LAUNDERING PROCESS LAW ENFORCEMENT LAW ENFORCEMENT AUTHORITIES LAWS LEGAL ENTITIES LEGAL FRAMEWORK LIQUIDITY MONEY LAUNDERERS MONEY LAUNDERING MONEY LAUNDERING MEASURES MONEY LAUNDERING METHODS MONEY LAUNDERING PROCEEDS MONEY LAUNDERING TYPOLOGIES MONEY ORDERS MULTILATERAL COOPERATION NARCOTIC DRUGS OFFENSES ORGANIZED CRIME PENALTIES POLITICAL CORRUPTION PREDICATE CRIMES PREDICATE OFFENCES PROCEEDS OF CRIME PROSECUTION PROSECUTORS PUBLIC OFFICIALS RECORD KEEPING REQUIREMENTS REPUTATIONAL RISK RISK MANAGEMENT SECURITIES SECURITIES FIRMS SEIZURE SHELL CORPORATION SHELL CORPORATIONS SMUGGLING SOUTH AMERICA SUBSIDIARY RIGHTS SUPERVISORY AUTHORITIES SUSPICIOUS TRANSACTION SUSPICIOUS TRANSACTION REPORTING SUSPICIOUS TRANSACTION REPORTS SUSPICIOUS TRANSACTIONS TAXATION TECHNICAL ASSISTANCE TERRITORIES TERRORIST ACTIVITIES TERRORIST ACTS TERRORIST ASSETS TERRORIST FINANCING TERRORIST ORGANIZATIONS TERRORISTS UNITED NATIONS SECURITY VICTIMS WEAPONS |
| spellingShingle |
ALTERNATIVE REMITTANCE ALTERNATIVE REMITTANCE SYSTEMS ANTI-MONEY LAUNDERING ARMED CONFLICT ASSESSMENT METHODOLOGY ATTACK BANK SUPERVISION BANKING SUPERVISION BENEFICIAL OWNERS BRIBERY BUSINESS RELATIONSHIPS CASH TRANSACTION COMBAT MONEY LAUNDERING COMPETENT AUTHORITIES CONFISCATION COUNSEL CRIMINAL ACT CRIMINAL ACTIVITIES CRIMINAL ACTIVITY CRIMINAL ACTS CRIMINAL FUNDS CRIMINAL ORGANIZATIONS CRIMINAL PROCEEDS CRIMINAL PURSUITS CRIMINALS CURRENCY CUSTOMER IDENTIFICATION DRUG TRAFFICKING DUE DILIGENCE DUE DILIGENCE PROCEDURES ENFORCEMENT AGENCIES FIGHTING MONEY LAUNDERING FINANCIAL CRIME FINANCIAL INTELLIGENCE UNIT FINANCIAL INTELLIGENCE UNITS FINANCIAL MARKET INTEGRITY FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FINANCING OF TERRORISM FOREIGN INVESTMENT FRAUD IDENTIFICATION PROCEDURES ILLEGAL ACTIVITIES ILLEGAL FUNDS ILLEGAL ORIGIN ILLEGAL TRAFFICKING ILLICIT FUNDS ILLICIT ORIGINS ILLICIT TRAFFICKING INCOME INSURANCE COMPANIES INSURANCE CONTRACT INSURANCE SUPERVISORS INTEGRITY STANDARDS INTERNAL CONTROLS INTERNATIONAL ASSOCIATION INTERNATIONAL COMMUNITY INTERNATIONAL COOPERATION INTERNATIONAL FINANCE INTERNATIONAL INSTRUMENTS INTERNATIONAL ORGANIZATIONS INTERNATIONAL STANDARDS INTERNATIONAL TREATIES INVESTIGATIONS JUDICIAL AUTHORITIES JURISDICTIONS KIDNAPPING LAUNDERED FUNDS LAUNDERING PROCESS LAW ENFORCEMENT LAW ENFORCEMENT AUTHORITIES LAWS LEGAL ENTITIES LEGAL FRAMEWORK LIQUIDITY MONEY LAUNDERERS MONEY LAUNDERING MONEY LAUNDERING MEASURES MONEY LAUNDERING METHODS MONEY LAUNDERING PROCEEDS MONEY LAUNDERING TYPOLOGIES MONEY ORDERS MULTILATERAL COOPERATION NARCOTIC DRUGS OFFENSES ORGANIZED CRIME PENALTIES POLITICAL CORRUPTION PREDICATE CRIMES PREDICATE OFFENCES PROCEEDS OF CRIME PROSECUTION PROSECUTORS PUBLIC OFFICIALS RECORD KEEPING REQUIREMENTS REPUTATIONAL RISK RISK MANAGEMENT SECURITIES SECURITIES FIRMS SEIZURE SHELL CORPORATION SHELL CORPORATIONS SMUGGLING SOUTH AMERICA SUBSIDIARY RIGHTS SUPERVISORY AUTHORITIES SUSPICIOUS TRANSACTION SUSPICIOUS TRANSACTION REPORTING SUSPICIOUS TRANSACTION REPORTS SUSPICIOUS TRANSACTIONS TAXATION TECHNICAL ASSISTANCE TERRITORIES TERRORIST ACTIVITIES TERRORIST ACTS TERRORIST ASSETS TERRORIST FINANCING TERRORIST ORGANIZATIONS TERRORISTS UNITED NATIONS SECURITY VICTIMS WEAPONS Schott, Paul Allan Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism : Second Edition and Supplement on Special Recommendation IX |
| description |
Efforts to launder money and finance
terrorism have been evolving rapidly in recent years in
response to heightened countermeasures. The international
community has witnessed the use of increasingly
sophisticated methods to move illicit funds through
financial systems across the globe and has acknowledged the
need for improved multilateral cooperation to fight these
criminal activities. This second edition is to serve as a
single, comprehensive source of practical information for
countries to fight money laundering and terrorist financing.
It discusses the problems caused by these crimes, the
specific actions countries need to take to address them and
the role international organizations play in the process.
The report is organized as follows: Part A of this Reference
Guide describes the problem of money laundering and
terrorist financing, their adverse consequences, and the
benefits of an effective regime. It also identifies the
relevant international standard-setting organizations and
discusses their specific efforts and instruments that fight
these activities. Part B describes the various elements that
are part of a comprehensive legal and institutional
framework for anti-money laundering and combating the
financing of terrorism for any country. This part of the
Reference Guide is a step-by-step approach to achieve
compliance with international standards, although it does
not dictate the specific methods or actions to be adopted.
Rather, it raises the issues that must be addressed and
discusses the options that a country has in order to resolve
these issues. Part C describes the role of the World Bank
and International Monetary Fund (IMF) in the global effort
and the coordination of technical assistance available to
countries in order to help them achieve compliance with
international standards. Each chapter is a self-contained
discussion of the topics covered in that chapter with
detailed references to background and original source
materials. Annexes I, II and III provide complete citations
to reference materials. |
| format |
Publications & Research :: Publication |
| author |
Schott, Paul Allan |
| author_facet |
Schott, Paul Allan |
| author_sort |
Schott, Paul Allan |
| title |
Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism : Second Edition and Supplement on Special Recommendation IX |
| title_short |
Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism : Second Edition and Supplement on Special Recommendation IX |
| title_full |
Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism : Second Edition and Supplement on Special Recommendation IX |
| title_fullStr |
Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism : Second Edition and Supplement on Special Recommendation IX |
| title_full_unstemmed |
Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism : Second Edition and Supplement on Special Recommendation IX |
| title_sort |
reference guide to anti-money laundering and combating the financing of terrorism : second edition and supplement on special recommendation ix |
| publisher |
Washington, DC: World Bank |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2006/01/6561892/reference-guide-anti-money-laundering-combating-financing-terrorism-second-edition-supplement-special-recommendation-ix http://hdl.handle.net/10986/6977 |
| _version_ |
1764398789739675648 |
| spelling |
okr-10986-69772021-04-23T14:02:27Z Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism : Second Edition and Supplement on Special Recommendation IX Schott, Paul Allan ALTERNATIVE REMITTANCE ALTERNATIVE REMITTANCE SYSTEMS ANTI-MONEY LAUNDERING ARMED CONFLICT ASSESSMENT METHODOLOGY ATTACK BANK SUPERVISION BANKING SUPERVISION BENEFICIAL OWNERS BRIBERY BUSINESS RELATIONSHIPS CASH TRANSACTION COMBAT MONEY LAUNDERING COMPETENT AUTHORITIES CONFISCATION COUNSEL CRIMINAL ACT CRIMINAL ACTIVITIES CRIMINAL ACTIVITY CRIMINAL ACTS CRIMINAL FUNDS CRIMINAL ORGANIZATIONS CRIMINAL PROCEEDS CRIMINAL PURSUITS CRIMINALS CURRENCY CUSTOMER IDENTIFICATION DRUG TRAFFICKING DUE DILIGENCE DUE DILIGENCE PROCEDURES ENFORCEMENT AGENCIES FIGHTING MONEY LAUNDERING FINANCIAL CRIME FINANCIAL INTELLIGENCE UNIT FINANCIAL INTELLIGENCE UNITS FINANCIAL MARKET INTEGRITY FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FINANCING OF TERRORISM FOREIGN INVESTMENT FRAUD IDENTIFICATION PROCEDURES ILLEGAL ACTIVITIES ILLEGAL FUNDS ILLEGAL ORIGIN ILLEGAL TRAFFICKING ILLICIT FUNDS ILLICIT ORIGINS ILLICIT TRAFFICKING INCOME INSURANCE COMPANIES INSURANCE CONTRACT INSURANCE SUPERVISORS INTEGRITY STANDARDS INTERNAL CONTROLS INTERNATIONAL ASSOCIATION INTERNATIONAL COMMUNITY INTERNATIONAL COOPERATION INTERNATIONAL FINANCE INTERNATIONAL INSTRUMENTS INTERNATIONAL ORGANIZATIONS INTERNATIONAL STANDARDS INTERNATIONAL TREATIES INVESTIGATIONS JUDICIAL AUTHORITIES JURISDICTIONS KIDNAPPING LAUNDERED FUNDS LAUNDERING PROCESS LAW ENFORCEMENT LAW ENFORCEMENT AUTHORITIES LAWS LEGAL ENTITIES LEGAL FRAMEWORK LIQUIDITY MONEY LAUNDERERS MONEY LAUNDERING MONEY LAUNDERING MEASURES MONEY LAUNDERING METHODS MONEY LAUNDERING PROCEEDS MONEY LAUNDERING TYPOLOGIES MONEY ORDERS MULTILATERAL COOPERATION NARCOTIC DRUGS OFFENSES ORGANIZED CRIME PENALTIES POLITICAL CORRUPTION PREDICATE CRIMES PREDICATE OFFENCES PROCEEDS OF CRIME PROSECUTION PROSECUTORS PUBLIC OFFICIALS RECORD KEEPING REQUIREMENTS REPUTATIONAL RISK RISK MANAGEMENT SECURITIES SECURITIES FIRMS SEIZURE SHELL CORPORATION SHELL CORPORATIONS SMUGGLING SOUTH AMERICA SUBSIDIARY RIGHTS SUPERVISORY AUTHORITIES SUSPICIOUS TRANSACTION SUSPICIOUS TRANSACTION REPORTING SUSPICIOUS TRANSACTION REPORTS SUSPICIOUS TRANSACTIONS TAXATION TECHNICAL ASSISTANCE TERRITORIES TERRORIST ACTIVITIES TERRORIST ACTS TERRORIST ASSETS TERRORIST FINANCING TERRORIST ORGANIZATIONS TERRORISTS UNITED NATIONS SECURITY VICTIMS WEAPONS Efforts to launder money and finance terrorism have been evolving rapidly in recent years in response to heightened countermeasures. The international community has witnessed the use of increasingly sophisticated methods to move illicit funds through financial systems across the globe and has acknowledged the need for improved multilateral cooperation to fight these criminal activities. This second edition is to serve as a single, comprehensive source of practical information for countries to fight money laundering and terrorist financing. It discusses the problems caused by these crimes, the specific actions countries need to take to address them and the role international organizations play in the process. The report is organized as follows: Part A of this Reference Guide describes the problem of money laundering and terrorist financing, their adverse consequences, and the benefits of an effective regime. It also identifies the relevant international standard-setting organizations and discusses their specific efforts and instruments that fight these activities. Part B describes the various elements that are part of a comprehensive legal and institutional framework for anti-money laundering and combating the financing of terrorism for any country. This part of the Reference Guide is a step-by-step approach to achieve compliance with international standards, although it does not dictate the specific methods or actions to be adopted. Rather, it raises the issues that must be addressed and discusses the options that a country has in order to resolve these issues. Part C describes the role of the World Bank and International Monetary Fund (IMF) in the global effort and the coordination of technical assistance available to countries in order to help them achieve compliance with international standards. Each chapter is a self-contained discussion of the topics covered in that chapter with detailed references to background and original source materials. Annexes I, II and III provide complete citations to reference materials. 2012-06-04T15:10:03Z 2012-06-04T15:10:03Z 2006 http://documents.worldbank.org/curated/en/2006/01/6561892/reference-guide-anti-money-laundering-combating-financing-terrorism-second-edition-supplement-special-recommendation-ix 978-0-8213-6513-7 http://hdl.handle.net/10986/6977 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication |