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p. 11 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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Precedent Documents

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.

• ADB model law [ DOC: 753kb | 62 pages ]
  • Short form model AMT/CFT law [ DOC: 118kb | 20 pages ]
• United Nations Model Laws
• Common Law
• Civil Law

Resource for ADB Staff

• Draft AML/CFT clauses for use in underwriting agreements for the raising of capital by ADB [ PDF ]
• A model AML Technical Assistance and Training Coordination Matrix [ DOC: 239kb | 9 pages ] is provided to assist DMCs to determine their needs assessments.
• A model showing Sequencing of Reform Actions. [ PDF: 44.8kb | 8 pages ]

ADB staff can contact the Office of the General Counsel for additional information on this resource.

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