Sri Lanka; Report on the Observance of Standards and Codes for Anti-Money Laundering and Combating the Financing of Terrorism and Mutual Evaluation Report on Anti-Money Laundering and Combating the Financing of Terrorism

The experts reviewed the institutional framework, the relevant Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) laws, regulations, guidelines, and other requirements, and the regulatory and other systems in place to deter money laundering (ML) and the financing of terrorism (FT) through financial institutions and designated non-financial businesses and professions (DNFBP), as well as examining the capacity, the implementation, and the effectiveness of all these systems. The report also analyzes that to curtail the activities of the Liberation Tigers of Tamil Eelam (LTTE), it is necessary to put in place effective measures in respect of AML/CFT.

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Year of publication:	2008-01-16
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Reports on the Observance of Standards and Codes \| terrorist financing \| money laundering \| terrorist \| law enforcement \| terrorism \| due diligence \| competent authorities \| law enforcement agencies \| legal assistance \| suspicious transaction \| shell banks \| financing of terrorism \| beneficial ownership \| financial transactions \| money remitters \| criminal matters \| suspicious transactions \| business relationships \| dual criminality \| transaction reporting \| cross border transportation \| suspicious transaction report \| terrorist organizations \| transaction reports \| terrorism act \| predicate offences \| suspicious transaction reporting \| predicate offence \| terrorist act \| criminal investigations \| criminal investigation \| organized crime \| mutual evaluation \| terrorist acts \| customer identification \| prevention of terrorism \| terrorist activity \| penal code \| lawful purpose \| prevention of terrorism act \| beneficial owners \| legal arrangements \| international community \| financial intelligence unit \| suspicious transaction reports \| wire transfer \| precious metals \| internal control procedures \| terrorist organization \| supervisory authority \| criminal liability \| share information \| market intermediaries \| foreign branches \| control information \| cash transaction \| compliance officer \| banking relationships \| supervisory regime \| domestic law \| terrorist activities \| bank supervision \| know your customer \| money remittance \| internal controls \| enforcement authorities \| criminal law \| law enforcement authorities \| foreign counterparts \| risk management \| international standards \| ensuring compliance \| criminal organizations \| reporting requirements \| supervisory authorities \| law enforcement agency \| criminal activities \| legal assistance requests \| terrorists \| cash transactions \| foreign banks \| criminal offence \| good faith \| due diligence requirements \| licensing process \| investigative agencies \| value transfer \| investigative techniques \| bank licensing \| control structure \| domestic wire transfers \| alternative remittance \| suppression of terrorism \| terrorist assets \| money laundering offence \| secrecy laws \| money laundering activities \| adequate powers \| account number \| information exchange \| combating money \| terrorism financing \| securities accounts \| regulatory authorities \| conducting investigations \| accounting standards \| insurance business \| market intermediary \| unusual transactions \| combating money laundering \| domestic law enforcement agencies \| illegal activities \| civil forfeiture \| due diligence measures \| administrative sanctions \| international cooperation \| risk categories \| transaction reporting requirements \| extradition requests \| asset forfeiture fund \| market manipulation \| suspicious activity \| secure techniques \| regulatory requirements \| criminal activity \| financial intermediaries \| identification data \| insider trading \| transferring funds \| factual circumstances \| environmental crimes \| foreign jurisdiction \| laundered property \| risk management systems \| narcotic drugs \| undercover operations \| combat money laundering \| legal entities \| transaction records \| financial institution secrecy laws \| national security interests \| humanitarian aid \| international law \| foreign terrorist \| disciplinary proceedings \| suspicious transactions reporting \| customer identification data \| jurisdiction report \| funds transfers \| large currency transactions \| terrorist bombings \| precious stones \| financial sector supervisors \| physical protection \| account files \| financial investigations \| criminal justice \| nuclear material \| foreign jurisdictions \| risk customers \| national security \| regulatory authority \| financial investigators \| laundering activities \| internal procedures \| asset freezing \| united nations security \| conventions on terrorism \| reporting obligations \| cross border transfers \| banking supervision \| strict safeguards \| customer identity \| acts of terrorism \| cyber crime \| fictitious names \| identity cards \| criminal purposes \| account opening \| international co ? operation \| self regulatory organization \| currency transactions \| internal audit \| audit function \| currency changing \| customer identification requirements \| financial transaction \| counter money laundering \| domestic terrorism \| armed forces \| confidentiality requirements \| foreign exchange transactions \| negotiable instruments \| licensing requirements \| prudential purposes \| tax evasion \| charitable institutions \| alternative remittance systems \| terrorist group \| permanent customer relationship \| liquid securities \| electronic surveillance \| financial crimes \| cyber crimes \| supervisory agency \| money laundering methods \| money market instruments \| judicial authority \| payment system \| settlement systems \| customer identification policies \| transferable securities \| illegal profits \| insurance policy \| client money \| money launderers \| extraditable offence \| terrorist groups \| suspicious activities \| laundering legislation \| customer acceptance \| reputational risk \| explosives \| money orders \| criminal use \| correspondent bank \| assessment methodology \| independent source documents \| international conventions \| pyramid schemes \| dissuasive sanctions \| confiscated assets \| integrity standards \| due consideration \| terrorism offences

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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 08/18 16 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243975