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Background
*Legal Regime Requirements
*Financial System Requirements
*The Establishment of an FIU
*International Cooperation
*Combatting Terrorist Financing
ADB Policies
Knowledge Tools
Training Materials
ADB Projects
Precedent Documents
DMC Materials
Cooperation Fund
AML/CFT Websites of Interest
Anti-Money Laundering Toolkit
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ADB Policy on Combating Money Laundering

On 1 April 2003, ADB reinforced its AML/CFT mandate by adopting the policy Enhancing the Asian Development Bank’s Role in Combating Money Laundering and the Financing of Terrorism (Policy). The Policy has four major components:

  • assist DMCs in establishing and implementing legal and institutional legal and institutional regimes
  • increase collaboration with other international and development partners
  • strengthen internal controls
  • upgrade ADB staff capacity

Since the adoption of the Policy, ADB has provided substantial assistance to its DMCs. The assistance has focused on improving the AML/CFT regime of DMCs by developing AML/CFT law and policy, strengthening financial regulatory and supervisory frameworks, and introducing capacity-building measures, including setting up of FIUs.

ADB has also led region-wide AML/CFT initiatives and harmonized its internal procedures with those of other multilateral institutions. Moreover, ADB has undertaken research and developed knowledge-based products and regularly coordinates its activities with other international institutions.

In April 2008, a review paper was published which:

  • outlined and reviewed ADB’s AML/CFT activities between April 2003 and March 2008, including the achievements and lessons learned; and
  • identified priorities for ADB’s future AML/CFT activities

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