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The World Bank and International Monetary Fund developed a unique Reference Guide to on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) in an effort to provide practical steps for countries implementing an AML/CFT regime in accordance with international standards. The Guide describes the global problem of money laundering and terrorist financing on the development agenda of individual countries and across regions. It explains the basic elements required to build an effective AML/CFT legal and institutional framework and summarizes the role of the World Bank and the International Monetary Fund in fighting money laundering and terrorist financing.
The primary objective of this joint Bank-Fund project is to ensure that the information contained in the Reference Guide is useful and easily accessible by developing countries that are working to establish and strengthen their policies against money laundering and the financing of terrorism. Additionally, this Guide is intended to contribute to global understanding of the devastating consequences of money laundering and terrorist financing on development growth, and political stability and to expand the international dialogue on crafting practical solutions to implement effective AML/CFT regimes.
Below is a detailed Table of Contents which links directly to the Guide:
PART A: THE PROBLEM AND THE INTERNATIONAL RESPONSE
CHAPTER I - What Is Money Laundering and Terrorist Financing
CHAPTER II - Why Is Anti-Money Laundering Important
CHAPTER III - International Standard Setters
CHAPTER IV - Regional and Other Standard Setters
PART B: THE ELEMENTS OF AN AML/CFT FRAMEWORK
CHAPTER V - Legal System Requirements
CHAPTER VI - Financial Institution Requirements
CHAPTER VII - Financial Intelligence Unit
CHAPTER VIII - International Cooperation
CHAPTER IX - Implementation and Enforcement
PART C: ROLE OF THE WORLD BANK AND IMF
CHAPTER X - World Bank and International Monetary Fund Initiatives to Fight Money Laundering and Terrorist Financing
ANNEXES
ANNEX I - Websites for Key Organizations, Legal Instruments, and Initiatives
ANNEX II - Other Useful Websites and Resources
ANNEX III - List of United Nations Anti-Terrorist Conventions
ANNEX IV - The Financial Action Task Force Forty Recommendations on Money Laundering and Interpretive Notes
ANNEX V - The Financial Action Task Force Special Recommendations on Terrorist Financing |
