Cape Verde; Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

This report focuses on the Observance of Standards and Codes for the Financial Action Task Force 40 (FATF) recommendations for antimoney laundering (AML) and nine special recommendations for combating the financing of terrorism (CFT) in Cape Verde. The assessment reveals that Cape Verde has taken a number of measures to establish an AML framework but is less advanced with initiatives to establish an effective CFT regime. There is scope for strengthening the framework for the criminalization of money laundering and a clear need to criminalize the financing of terrorism.

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Year of publication:	2009-04-03
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Financial institutions \| Freeze on financial assets \| International cooperation \| money laundering \| terrorism \| financing of terrorism \| terrorist financing \| suspicious transactions \| terrorist \| law enforcement \| competent authorities \| due diligence \| legal assistance \| suspicious transaction \| terrorist acts \| shell banks \| administrative sanctions \| transaction reports \| financial intelligence unit \| criminal activity \| foreign branches \| precious metals \| negotiable instruments \| assessment methodology \| transaction records \| suspicious transaction reports \| identification data \| beneficial ownership \| suspicious transaction reporting \| international standards \| compliance officer \| financial transactions \| banking relationships \| dual criminality \| criminal investigations \| law enforcement agencies \| investigative techniques \| identity documents \| control information \| terrorism financing \| customer identification \| foreign counterparts \| terrorist organizations \| transaction reporting \| foreign authorities \| confiscation of property \| internal controls \| beneficial owners \| drug trafficking \| secure techniques \| conducting investigations \| laundering legislation \| exchange information \| terrorism risks \| meaningful originator information \| compliance management arrangements \| bank supervision \| value transfer \| wire transfer \| lawful purpose \| international conventions \| enforcement authorities \| suppression of terrorism \| international community \| law enforcement authorities \| legal arrangements \| internal organization \| complete originator information \| account number \| asset forfeiture fund \| risk customers \| terrorists \| good faith \| financial sector activities \| appropriate compliance management arrangements \| due diligence measures \| supervisory framework \| banking secrecy \| organized crime \| suspicious activities \| licensing requirements \| audit function \| internal procedures \| account files \| cash transaction \| customer identification data \| terrorist organization

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 09/114 1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242557