Central African Economic and Monetary Community; Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

The report provides a summary of the level of compliance at the Central African Economic and Monetary Community (CEMAC) regional level and provides recommendations to improve compliance. The assessment focuses on the regional Anti-Money Laundering and Combating the Financing of Terrorism (AML-CLT) framework and its conformity with international standard. The paper reviews the institutional framework, laws, regulations, guidelines, and other requirements, and the regulatory and other systems in place to deter money laundering and the financing of terrorism through financial institutions and designated non-financial businesses (DNFBPs). It also examines the capacity, implementation, and effectiveness of all these systems.

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Year of publication:	2006-08-28
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Central African Economic and Monetary Community \| Combating the financing of terrorism \| Financial sector \| Financial institutions \| Reports on the Observance of Standards and Codes \| money laundering \| terrorism \| financing of terrorism \| criminal activity \| due diligence \| international cooperation \| suspicious transactions \| beneficial owners \| terrorist financing \| combating money laundering \| combat money laundering \| mutual evaluations \| business relationships \| combating money \| internal policies \| law enforcement \| terrorist \| terrorism financing \| criminal sanctions \| financial investigation \| competent authorities \| suspicious transaction \| internal controls \| financial intelligence unit \| international standards \| insurance intermediaries \| beneficial ownership \| precious stones \| supervisory authorities \| police services \| control information \| criminal activities \| legal assistance \| reporting obligations \| identification data \| transaction reports \| banking relationships \| risk categories \| legal arrangements \| internal procedures \| suspicious transaction reports \| life insurance \| supervisory framework \| legal frameworks \| reporting requirements \| intelligence units \| legal entities \| border transactions \| regulatory authorities \| monetary union \| mutual evaluation process \| due diligence requirements \| supervisory bodies \| good faith \| financial intelligence units \| international conventions \| legitimate transactions \| value transfer \| licensing requirements \| financial sector supervisors \| transaction reporting \| prudential control \| foreign branches \| foreign exchange transactions \| regulatory bodies \| mutual evaluation \| payment system \| share information \| wire transfer \| suspicious transaction reporting \| financial crimes \| cash transactions \| shell banks \| prudential supervision

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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 06/322 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244687