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

This report examines Palauâ€™s observance of Standards and Codes on the Financial Action Task Forceâ€™s recommendations for antimoney laundering (AML) and combating the financing of terrorism (CFT). Palau has strengthened its AML/CFT legislative framework with the amendments to the Money Laundering and Proceeds of Crime Act of 2001 and the Financial Institutions Act of 2001, as well as the enactment of the Counter-Terrorism Act of 2007 and the Cash Courier Disclosure Act of 2007.

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Year of publication:	2009-01-13
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Financial institutions \| International cooperation \| Reports on the Observance of Standards and Codes \| money laundering \| terrorism \| terrorist \| due diligence \| legal assistance \| financing of terrorism \| law enforcement \| terrorist organizations \| shell banks \| suspicious transaction \| terrorist financing \| terrorist assets \| financial transactions \| criminal investigation \| value transfer \| control structure \| dual criminality \| criminal proceeds \| financial intelligence unit \| counter-terrorism \| assessment methodology \| risk customers \| competent authorities \| terrorism act \| suspicious transaction reports \| enforcement powers \| account files \| foreign branches \| internal controls \| terrorist acts \| suspicious transaction report \| record keeping requirements \| transaction reports \| criminal investigations \| customer identification data \| insider trading \| legal assistance requests \| complete originator information \| criminal groups \| beneficial ownership \| mutual evaluation \| market manipulation \| extradition requests \| laundered property \| reporting forms \| beneficial owners \| wire transfer \| organized crime \| precious stones \| banking relationships \| civil forfeiture \| customer identification \| suspicious transactions \| domestic wire transfers \| illicit arms trafficking \| confiscation of property \| precious metals \| control information \| compliance officer \| identification data \| criminal matters \| reporting obligations \| suspicious transaction reporting \| foreign banks \| transaction reporting \| criminal group \| terrorists \| business relationships \| technical resources

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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 09/8 1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244147