Schott, Paul Allan2012-06-042012-06-042006978-0-8213-6513-7https://hdl.handle.net/10986/6977Efforts to launder money and finance terrorism have been evolving rapidly in recent years in response to heightened countermeasures. The international community has witnessed the use of increasingly sophisticated methods to move illicit funds through financial systems across the globe and has acknowledged the need for improved multilateral cooperation to fight these criminal activities. This second edition is to serve as a single, comprehensive source of practical information for countries to fight money laundering and terrorist financing. It discusses the problems caused by these crimes, the specific actions countries need to take to address them and the role international organizations play in the process. The report is organized as follows: Part A of this Reference Guide describes the problem of money laundering and terrorist financing, their adverse consequences, and the benefits of an effective regime. It also identifies the relevant international standard-setting organizations and discusses their specific efforts and instruments that fight these activities. Part B describes the various elements that are part of a comprehensive legal and institutional framework for anti-money laundering and combating the financing of terrorism for any country. This part of the Reference Guide is a step-by-step approach to achieve compliance with international standards, although it does not dictate the specific methods or actions to be adopted. Rather, it raises the issues that must be addressed and discusses the options that a country has in order to resolve these issues. Part C describes the role of the World Bank and International Monetary Fund (IMF) in the global effort and the coordination of technical assistance available to countries in order to help them achieve compliance with international standards. Each chapter is a self-contained discussion of the topics covered in that chapter with detailed references to background and original source materials. Annexes I, II and III provide complete citations to reference materials.en-USCC BY 3.0 IGOALTERNATIVE REMITTANCEALTERNATIVE REMITTANCE SYSTEMSANTI-MONEY LAUNDERINGARMED CONFLICTASSESSMENT METHODOLOGYATTACKBANK SUPERVISIONBANKING SUPERVISIONBENEFICIAL OWNERSBRIBERYBUSINESS RELATIONSHIPSCASH TRANSACTIONCOMBAT MONEY LAUNDERINGCOMPETENT AUTHORITIESCONFISCATIONCOUNSELCRIMINAL ACTCRIMINAL ACTIVITIESCRIMINAL ACTIVITYCRIMINAL ACTSCRIMINAL FUNDSCRIMINAL ORGANIZATIONSCRIMINAL PROCEEDSCRIMINAL PURSUITSCRIMINALSCURRENCYCUSTOMER IDENTIFICATIONDRUG TRAFFICKINGDUE DILIGENCEDUE DILIGENCE PROCEDURESENFORCEMENT AGENCIESFIGHTING MONEY LAUNDERINGFINANCIAL CRIMEFINANCIAL INTELLIGENCE UNITFINANCIAL INTELLIGENCE UNITSFINANCIAL MARKET INTEGRITYFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL SYSTEMFINANCIAL TRANSACTIONSFINANCING OF TERRORISMFOREIGN INVESTMENTFRAUDIDENTIFICATION PROCEDURESILLEGAL ACTIVITIESILLEGAL FUNDSILLEGAL ORIGINILLEGAL TRAFFICKINGILLICIT FUNDSILLICIT ORIGINSILLICIT TRAFFICKINGINCOMEINSURANCE COMPANIESINSURANCE CONTRACTINSURANCE SUPERVISORSINTEGRITY STANDARDSINTERNAL CONTROLSINTERNATIONAL ASSOCIATIONINTERNATIONAL COMMUNITYINTERNATIONAL COOPERATIONINTERNATIONAL FINANCEINTERNATIONAL INSTRUMENTSINTERNATIONAL ORGANIZATIONSINTERNATIONAL STANDARDSINTERNATIONAL TREATIESINVESTIGATIONSJUDICIAL AUTHORITIESJURISDICTIONSKIDNAPPINGLAUNDERED FUNDSLAUNDERING PROCESSLAW ENFORCEMENTLAW ENFORCEMENT AUTHORITIESLAWSLEGAL ENTITIESLEGAL FRAMEWORKLIQUIDITYMONEY LAUNDERERSMONEY LAUNDERINGMONEY LAUNDERING MEASURESMONEY LAUNDERING METHODSMONEY LAUNDERING PROCEEDSMONEY LAUNDERING TYPOLOGIESMONEY ORDERSMULTILATERAL COOPERATIONNARCOTIC DRUGSOFFENSESORGANIZED CRIMEPENALTIESPOLITICAL CORRUPTIONPREDICATE CRIMESPREDICATE OFFENCESPROCEEDS OF CRIMEPROSECUTIONPROSECUTORSPUBLIC OFFICIALSRECORD KEEPING REQUIREMENTSREPUTATIONAL RISKRISK MANAGEMENTSECURITIESSECURITIES FIRMSSEIZURESHELL CORPORATIONSHELL CORPORATIONSSMUGGLINGSOUTH AMERICASUBSIDIARY RIGHTSSUPERVISORY AUTHORITIESSUSPICIOUS TRANSACTIONSUSPICIOUS TRANSACTION REPORTINGSUSPICIOUS TRANSACTION REPORTSSUSPICIOUS TRANSACTIONSTAXATIONTECHNICAL ASSISTANCETERRITORIESTERRORIST ACTIVITIESTERRORIST ACTSTERRORIST ASSETSTERRORIST FINANCINGTERRORIST ORGANIZATIONSTERRORISTSUNITED NATIONS SECURITYVICTIMSWEAPONSWorld Bank10.1596/978-0-8213-6513-7