Chile; Report on the Observance of Standards and Codesâ€”FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

This report assesses the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) in Chile. Banking secrecy provisions continue to limit the ability of Chile to investigate and disclose potential money laundering offences and, thereby, to provide effective international cooperation through the financial intelligence unit. Provisions are available for mutual legal assistance but they are cumbersome. The expanded AML/CFT regime introduced by Law 19.913 is too recent to permit any conclusions about the effectiveness of its implementation.

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Year of publication:	2005-03-30
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| money laundering \| terrorism \| international cooperation \| financing of terrorism \| law enforcement \| suspicious transactions \| legal entities \| terrorist \| legal assistance \| mutual evaluation \| customer identification \| exchange information \| international standards \| drug trafficking \| terrorist assets \| criminal prosecution \| information exchange \| banking secrecy \| criminal justice \| unlawful origin \| terrorism standards \| assessment methodology \| terrorist acts \| law enforcement agencies \| internal controls \| criminal activities \| legal obligations \| supervisory bodies \| foreign banks \| united nations security \| secrecy provisions \| reporting obligations \| money laundering operations \| money laundering offence \| cash transactions \| criminal law enforcement \| terrorism regime \| alternative remittance \| asset freezing \| financial crimes \| fighting money laundering \| organized crime \| criminal sanctions \| money laundering issues \| foreign nationals \| regulatory authorities \| suspicious transaction \| compliance officer \| international conventions \| criminal justice system \| dual criminality \| prudentially regulated sectors \| criminal law \| customer policy \| criminal acts \| due diligence \| safe havens \| terrorist crime \| protective measures \| terrorist organization \| competent authorities \| integrity standards \| foreign relations \| narcotic drugs \| financial intelligence unit \| criminal justice measures

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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 05/120 1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005824964