Catalog

	Table of Contents
p. 7 of 14 BACK | NEXT 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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