Publication: Anti-Money Laundering and Combating the Financing of Terrorism : Mali
Date
2008-09-18
ISSN
Published
2008-09-18
Author(s)
World Bank
Abstract
This assessment of the Anti-Money
Laundering and Combating the Financing of Terrorism
(AML-CFT) regime in Mali was conducted on the basis of the
Forty Recommendations of 2003 and the Nine Special
Recommendations on the financing of terrorism drawn up in
2003 and 2001, respectively, by the Financial Action Task
Force (FATF), and on the AML-CFT Methodology of 2004. The
assessment was based on the laws, regulations, and other
materials supplied by community institutions (in particular
the Central Bank of West African States (BCEAO), the Banking
Commission of the West African Economic and Monetary Union
(BC-WAEMU) and the Inter-ministerial Group for Action
Against Money Laundering in West Africa (GIABA)) and by the
national authorities of Mali, as well as the information
gathered in the course of the country visit from February 4
to 14, 2008. During its visit, the assessment team met with
the managers and representatives of all the relevant
government agencies and the private sector. This report
provides a summary of the AML/CFT measures in force in Mali
as at the date of the on-site visit or immediately
thereafter. It describes and analyzes those measures, and
makes recommendations on how certain aspects of the system
could be strengthened. It also sets out Mali's level of
compliance with the FATF 40+9 Recommendations.
Citation
“World Bank. 2008. Anti-Money Laundering and Combating the Financing of Terrorism : Mali. © GIABA and the World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/ed09cf32-0d09-5369-8b2c-d88c9de82bbb License: CC BY 3.0 IGO.”