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Anti-Money Laundering Toolkit
Precedent DocumentsModel Laws have been prepared by a number of organizations.Two model laws has been drawn by the ADB. One is a law that meets the AML/CFT recommendations [ DOC ] of the FATF in relation to money laundering, freezing and seizure of assets and mutual assistance. The short form law [ DOC ] meets the very basic AML/CFT requirements, but not all the recommendations of the FATF. This may be preferred by some countries as being a starting point from which they may develop the other necessary laws. It is legislation that would be seen as a commitment by a country to the AML/CFT process. It is something from which a country may develop the necessary mutual assistance, seizure and confiscation of proceeds laws. Many countries have adopted such a law and it has been acceptable to the FATF, as a start to the process of having an AML/CFT regime.
Resource for ADB Staff
ADB staff can contact the Office of the General Counsel for additional information on this resource.
Office of the General Counsel
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