Reference guide to anti-money laundering and combating the financing of terrorism
By: [Paul Allan Schott].
Contributors: World Bank.; International Monetary Fund.
Edition: 2nd ed. and supplement on Special Recommendtaion IX.
Publisher: The World Bank; International Monetary Fund; World Bank Publications
Published: 2006
Place of publication: [Washington, D.C.]
Language: eng
Number of pages: 288
Subjects: Money laundering; Terrorism -- Prevention; Terrorism -- Finance
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. The World Bank and International Monetary Fund have developed this guide to help countries understand the new international standards. It will hopefully serve as a 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, such as the Bank and the IMF, play in the process. This guide is a tool for countries to establish and improve their legal and institutional frameworks and their preventive measures according to international standards and best practices. -- From Foreword (p. ix).
Notes: Includes bibliographical references.