Anti-Money Laundering and Combating the Financing of Terrorism : Review of the Quality and Consistency of Assessment Reports and the Effectiveness of Coordination
This paper responds to a request from Executive Directors to review the quality and consistency of anti-money laundering and combating the financing of terrorism (AML/CFT) assessment reports prepared by the Financial Action Task Force on Money Laundering (FATF) and FATF style regional bodies (FSRBs), and the effectiveness of coordination with FATF/FSRBs. The review found a high degree of variability in the quality and consistency of reports prepared by the different assessor bodies as well as within the same assessor group. While a large majority of reports were of high- or medium quality with respect to key components of the assessments, the treatment of ratings gave rise to greater problems. A number of initiatives have been taken or are underway to improve the quality and consistency of assessments by all assessor bodies, including: the standardization of documentation, the strengthening of peer/internal reviews, and the intensification of assessor training
Year of publication: |
2006
|
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Institutions: | International Monetary Fund |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | Geldwäsche | Money laundering | Terrorismus | Terrorism | Welt | World | Finanzierung | Financing |
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