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

This report describes Portugal's observance of Standards and Codes on the Financial Action Task Force Recommendations for Anti-Money Laundering and combating the financing of terrorism. The Portuguese legal framework for combating money laundering (ML) and terrorist financing is generally comprehensive. The ML offence is broad in scope and in accordance with the UN Vienna and Palermo Conventions. Statistics on prosecutions for money laundering and terrorist financing, as well as related confiscation data, are maintained by Portuguese authorities.

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Year of publication:	2009-02-06
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 \| terrorist \| money laundering \| terrorist financing \| competent authorities \| due diligence \| beneficial ownership \| terrorism \| criminal liability \| suspicious transactions \| legal assistance \| business relationships \| supervisory authorities \| criminal proceeds \| beneficial owners \| financing of terrorism \| suspicious transaction \| law enforcement \| terrorist organisations \| shell banks \| internal controls \| terrorism financing \| wire transfer \| dual criminality \| administrative sanctions \| suspicious transaction reporting \| transaction reporting \| predicate offences \| criminal sanctions \| transaction reports \| compliance officer \| legal arrangements \| terrorist acts \| financial intelligence unit \| dissuasive sanctions \| drug trafficking \| judicial authorities \| control information \| terrorist assets \| due diligence requirements \| internal procedures \| precious metals \| suspicious transaction reports \| foreign branches \| adequate powers \| false information \| international treaties \| value transfer \| assessment methodology \| criminal matters \| international terrorism \| risk management \| criminal nature \| customer files \| unusual transactions \| currency transaction reports \| money remittance \| customer identification \| predicate offence \| risk profile \| money market instruments \| combating money laundering \| negotiable instruments \| law enforcement authorities \| financial records \| audit function \| risk categories \| suppression of terrorism \| enforcement authorities \| terrorists \| complete originator information \| combating money \| investigative techniques \| terrorist act \| logistical support \| narcotic drugs \| identity documents \| suspicious activities \| terrorist group \| judicial proceedings \| legal entity \| ensuring compliance \| share capital \| payment chain \| secrecy laws \| legal assistance requests \| insurance transactions

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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 09/44 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244423