Publication: Lessons Learned from the First Generation of Money Laundering and Terrorist Financing Risk Assessments
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2023-10-19
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2023-10-19
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This report aims to guide the policy makers in World Bank client jurisdictions in continuously improving their assessments and understandings of money laundering and terrorist financing risks in their jurisdictions. To this end, the report attempts to draw lessons mainly from; Observations and experiences from more than 100 World Bank technical assistance projects that supported client jurisdictions’ National ML/TF Risk Assessments (NRAs); and An analysis of feedback on NRAs in 146 mutual evaluations conducted by the Financial Action Task Force (FATF) and FATF-style regional.
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“Celik, Kuntay. 2023. Lessons Learned from the First Generation of Money Laundering and Terrorist Financing Risk Assessments. Equitable Growth, Finance and Institutions Insight - Finance. © World Bank. http://hdl.handle.net/10986/40501 License: CC BY-NC 3.0 IGO.”
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This report provides a summary of the AML/CFT measures in place in Uganda as of the date of completion of the on-site the mission, February 23. 2005. After describing and analyzing those measures, it provides recommendations on how certain aspects of the system could be strengthened. It also sets out Uganda s levels of compliance with the FATF 40+9 Recommendations.Publication Integrity in Mobile Phone Financial Services : Measures for Mitigating Risks from Money Laundering and Terrorist Financing(Washington, DC : World Bank, 2008)This working paper explores strategies to identify and manage potential money laundering (ML) and terrorist financing (TF) risks in mobile financial services (m-FS). Using fieldwork in seven economies as a basis, the paper provides guidance on the best means of assessing perceived versus actual ML and TF risks, and then identifies specific measures to mitigate the actual risks. 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