Suspending Suspicious Transactions

Seizure and confiscation of proceeds of crime, and funds intended to finance terrorism, are key objectives of the global initiative to combat money laundering and terrorism financing. The timely identification and immobilization of such funds are critical to permit the action necessary to prevent the flight of illicit assets beyond the reach of national law enforcement and prosecutorial authorities.Among the measures and tools that have been developed is the power for Financial Intelligence Units (FIUs) to order the postponement of transactions involving funds suspected of being related to mon

MoreLess

Year of publication:	2013
Authors:	Stroligo, Klaudijo
Other Persons:	Intscher, Horst (contributor) ; Davis-Crockwell, Susan (contributor)
Publisher:	Washington : World Bank Publications

Online Resource

Check full text access |

More access options

ebookcentral.proquest.com

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

Extent:	Online-Ressource (112 p)
Series:	World Bank Studies
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Cover; Contents; Acknowledgments; About the Authors; Acronyms and Abbreviations; Executive Summary; Chapter 1 Introduction; Notes; Chapter 2 FIU Power to Postpone Suspicious Transactions-An Overview; Anti-Money Laundering; Financial Intelligence Units; The Power to Postpone Suspicious Transactions; Boxes; Box 2.1: Articles 14 and 47 of the Warsaw Convention; Box 2.2: Paragraph 1 of Article 24 of the Third EU AML/CFT Directive; Box 2.3: Article 7 and Paragraphs 1 and 2 of Article 8 of the Draft EU Directive on the Freezing and Confiscation of Proceeds of Crime in the European Union What Has Been the Experience?Notes; Chapter 3 Recommendations; Legal/Policy Recommendations; Operational Recommendations; Notes; Appendix A: Report with the Findings and Analysis; Methodology; Tables; Table A.1: FIU Responses by Type of FIU; Table A.2: FIU Responses by Size of FIU; Table A.3: Geographic Representation of the Respondent FIUs; Description and Findings; Table A.4: Application of the FIU Postponement Power to Offenses; Table A.5: Application of the FIU Postponement Power to Transactions; Table A.6: Factors Influencing the FIU Discretionary Power to Postpone Transactions Table A.7: Legal/Operational Grounds for FIU to Object to Mandatory PostponementTable A.8: Maximum Duration Period of FIU Postponement Orders; Table A.9: Duration and Number of Renewals of FIU Postponement Power; Table A.10: Content of the Postponement Order; Table A.11: Timely Receipt and Treatment of STRs Coming to the FIU; Table A.12: Access to Supplementary Information to Facilitate Analysis; Table A.13: Operational Procedures for Prospective Postponement Cases; Table A.14: FIU Steps in Considering Postponement; Table A.15: Objectives of FIU Searches and Analysis Table A.16: Reaching a Determination to Postpone a TransactionTable A.17: Making the Decision to Postpone a Transaction; Table A.18: FIU Actions Following a Postponement Order; Table A.19: Aggregate Numbers of STRs Received and Postponement Orders Issued, 2008-10; Table A.20: Results, Example 1; Table A.21: Results, Example 2; Notes; Table A.22: Results, Example 3; Table A.23: Results, Example 4; Appendix B: Examples of Country Regulation Related to the FIU Postponement Power; Country A; Country B; Country C; Country D; Country E; Country F; Notes; Appendix C: Sanitized Cases; Country A Table C.1: Case 1Table C.2: Case 2; Country B; Country C; Country D; Country E; Country F; Country G; Country H; Country I; Notes; Appendix D: Template; Notes; Appendix E: Survey Participants; Note; References Electronic reproduction; Available via World Wide Web
ISBN:	978-0-8213-9917-0 ; 978-0-8213-9922-4 ; 978-0-8213-9917-0
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012677193