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

This report provides a summary of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures in place in the United States on May 2006. The report describes and analyzes those measures and provides recommendations on how certain aspects of the system could be strengthened. The views expressed in this document are the views of the Financial Action Task Force (FATF), but do not necessarily reflect the views of the Boards of the IMF or World Bank. The Bank Secrecy Act provides the basis for most of the preventive measures applied to the financial sector and other businesses.

MoreLess

Year of publication:	2006-12-11
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Financial institutions \| Reports on the Observance of Standards and Codes \| money laundering \| law enforcement \| terrorist financing \| terrorist \| law enforcement agencies \| terrorism \| due diligence \| dual criminality \| beneficial ownership \| financing of terrorism \| international cooperation \| suspicious activity \| internal controls \| suspicious transaction \| competent authorities \| customer identification \| beneficial owners \| precious metals \| transaction reporting \| law enforcement authorities \| enforcement authorities \| legal assistance \| foreign branches \| administrative sanctions \| suspicious transactions \| suspicious transaction reporting \| terrorist organizations \| suspicious transaction report \| market manipulation \| monetary instruments \| information exchange \| life insurance \| legal arrangements \| insider trading \| shell banks \| reporting requirements \| criminal proceeds \| large currency transactions \| wire transfer \| terrorist assets \| due diligence procedures \| investigative powers \| mutual evaluation \| terrorism financing \| control information \| licensing requirements \| record keeping requirements \| terrorists \| suspicious activity reporting \| legal entities \| terrorist acts \| criminal investigation \| legislative measures \| business relationships \| financial crime \| financial transactions \| foreign counterparts \| unusual transactions \| financial intelligence unit \| cash transactions \| cash transaction \| risk categories \| securities firms \| adequate powers \| regulatory requirements \| identification procedures \| securities transactions \| securities regulators \| securities sectors \| compliance officer \| predicate crimes \| insurance business \| reporting obligations \| enforcement powers \| value transfer \| financial investigations \| customer identification records \| confiscation proceedings \| foreign terrorist \| face to face business \| precious stones \| criminal groups \| drug trafficking \| terrorist groups \| assessment methodology \| supervisory regime \| criminal sanctions \| regulatory authorities \| lawful purpose \| combat money laundering \| securities industry \| criminal forfeiture \| civil liability \| suspicious activity reports \| financial investigators \| money laundering cases \| civil enforcement \| restrictive conditions \| face value \| account opening \| suspicious transaction reports \| transaction reports \| investigative techniques \| money laundering investigations \| complete originator information \| risk customers \| suspicious activities \| criminal offense \| homeland security \| law enforcement officer \| account number \| life insurance business \| financial crimes \| large cash transactions \| asset freezing \| predicate offences \| suspected terrorist \| terrorism act \| criminal group \| terrorist organization \| secrecy laws \| internal policies \| currency transactions \| foreign jurisdictions \| ensuring compliance \| transaction reporting requirements \| forfeiture actions

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

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 06/432 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011245823