Paraguay; Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism
This paper discusses key findings of the detailed assessment report on antimoney laundering and combating the financing of terrorism (AML/CFT) for Paraguay. The assessment reveals that there are significant gaps in Paraguay’s AML/CFT framework, and the level of awareness of money laundering/financing of terror risks is low in both the public and private sectors. The country falls well short of complying with most of the Financial Action Task Force recommendations. There are also no provisions that would allow the authorities to freeze suspected terrorist assets in accordance with the relevant UN Security Council Resolutions.
Year of publication: |
2009-07-31
|
---|---|
Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Bank supervision | Combating the financing of terrorism | Financial sector | Governance | International cooperation | Nonbank financial sector | Reports on the Observance of Standards and Codes |
Saved in:
freely available
Saved in favorites