Franklin

Compliance with the AML/CFT International Standard [electronic resource] : Lessons from a Cross-Country Analysis, Verdugo Yepes, Concepción..

Author/Creator:
Verdugo Yepes, Concepción.
Publication:
Washington, D.C. : International Monetary Fund, 2011.
Format/Description:
Government document
Book
1 online resource (75 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 11/177.
IMF Working Papers; Working Paper No. 11/177.
Status/Location:
Loading...

Options
Location Notes Your Loan Policy

Details

Local subjects:
Account files. (search)
Account opening. (search)
Administrative sanctions. (search)
Anti money laundering. (search)
Assessing compliance. (search)
Assessment methodology. (search)
Assessment missions. (search)
Banking relationships. (search)
Banking supervision. (search)
Banks. (search)
Beneficial owners. (search)
Beneficial ownership. (search)
Business relations. (search)
Cash transactions. (search)
Combating money. (search)
Combating money laundering. (search)
Combating the financing of terrorism. (search)
Competent authorities. (search)
Compliance function. (search)
Counterfeiting currency. (search)
Criminal activity. (search)
Criminal behavior. (search)
Criminal group. (search)
Criminal liability. (search)
Criminal organizations. (search)
Criminal sanctions. (search)
Currency changing. (search)
Customer identification. (search)
Customer identification policies. (search)
Dirty money. (search)
Domestic law. (search)
Domestic legislation. (search)
Drug trafficking. (search)
Dual criminality. (search)
Due diligence. (search)
Due diligence measures. (search)
Economics of Regulation. (search)
Electronic money. (search)
Enforcement authorities. (search)
Enforcement powers. (search)
Extradition requests. (search)
Financial activity. (search)
Financial crime. (search)
Financial fraud. (search)
Financial institution secrecy laws. (search)
Financial intelligence unit. (search)
Financial intelligence units. (search)
Financial intermediary. (search)
Financial regulation. (search)
Financial secrecy. (search)
Financial sector regulation. (search)
Financial system abuse. (search)
Financial system integrity. (search)
Financing of terrorism. (search)
Foreign banks. (search)
Foreign branches. (search)
Foreign counterpart. (search)
Foreign counterparts. (search)
Government Policy and Regulation. (search)
Identification data. (search)
Illegal activities. (search)
Illicit arms trafficking. (search)
Illicit trafficking. (search)
Information exchange. (search)
Insider trading. (search)
Insurance supervisors. (search)
Intelligence units. (search)
Internal control procedures. (search)
Internal controls. (search)
Internal policies. (search)
International agreements. (search)
International community. (search)
International conventions. (search)
International cooperation. (search)
International Law. (search)
International standards. (search)
Internet casinos. (search)
Judicial authority. (search)
Large cash transactions. (search)
Law enforcement. (search)
Law enforcement agencies. (search)
Law enforcement authorities. (search)
Legal arrangements. (search)
Legal assistance. (search)
Legal assistance requests. (search)
Legal entity. (search)
Legal frameworks. (search)
Life insurance. (search)
Liquid securities. (search)
Market manipulation. (search)
Money launderers. (search)
Money laundering. (search)
Money laundering measures. (search)
Money market instruments. (search)
Money orders. (search)
Money remitters. (search)
Mortgages. (search)
Mutual evaluation. (search)
Mutual evaluation reports. (search)
Mutual evaluations. (search)
Narcotic drugs. (search)
Negotiable instruments. (search)
Non cooperative countries. (search)
Organized crime. (search)
Other Depository Institutions. (search)
Payable through accounts. (search)
Precious metals. (search)
Precious stones. (search)
Predicate crimes. (search)
Professional firms. (search)
Regulatory authorities. (search)
Regulatory cooperation. (search)
Regulatory frameworks. (search)
Reporting obligations. (search)
Reports on the Observance of Standards and Codes. (search)
Safe havens. (search)
Secrecy laws. (search)
Securities issues. (search)
Share information. (search)
Shell banks. (search)
Supervisory authorities. (search)
Supervisory bodies. (search)
Suspected money laundering. (search)
Suspicious activities. (search)
Suspicious activity. (search)
Suspicious transaction. (search)
Suspicious transaction report. (search)
Suspicious transaction reporting. (search)
Suspicious transaction reports. (search)
Suspicious transactions. (search)
Tax havens. (search)
Terrorism. (search)
Terrorism financing. (search)
Terrorist. (search)
Terrorist activity. (search)
Terrorist acts. (search)
Terrorist finance. (search)
Terrorist finances. (search)
Terrorist financing. (search)
Terrorist organizations. (search)
Transaction records. (search)
Transaction reporting. (search)
Transaction reports. (search)
Transferable securities. (search)
Unusual transactions. (search)
Wire transfer. (search)
Antigua and Barbuda. (search)
Bahrain. (search)
Botswana. (search)
Bulgaria. (search)
Georgia. (search)
Korea, Republic of. (search)
Macedonia, former Yugoslav Republic of. (search)
Romania. (search)
Saint Lucia. (search)
Sri Lanka. (search)
Summary:
This paper assesses countries' compliance with the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) international standard during the period 2004 to 2011. We find that overall compliance is low; there is an adverse impact on financial transparency created by the cumulative effects of poor implementation of standards on customer identification; and the current measurements of compliance do not take into account an analysis of ML/FT risk, thereby undermining their credibility and the relevance of some of the policy recommendations taken on their basis. Moreover, we also examine the key role of some cultural, institutional, and financial factors in boosting countries' compliance using econometric analysis.
Notes:
Description based on print version record.
Contributor:
Verdugo Yepes, Concepción.
Other format:
Print Version:
ISBN:
1462312306:
9781462312306
ISSN:
1018-5941
Publisher Number:
10.5089/9781462312306.001
Access Restriction:
Restricted for use by site license.