Publications

	Table of Contents
p. 35 of 53 BACK | NEXT Executive Summary Summary of Conclusions and Recommendations by ADF Donors ADF VIII: Requests for Midterm Policy Reviews and Reports I. Introduction II. The International Development Goals III. Poverty in Developing Asia IV. ADB and ADF: Vision and Role V. ADB’S Framework for Poverty Reduction VI. Development through Partnership VII. ADF Resources: Portfolio Management and Performance VIII. The Strategy for Implementing ADF VIII A. General Strategy and Partnership B. Implementing ADB’s Poverty Reduction Strategy C. Performance-Based Allocation System for ADF Resources D. Governance Action Plan E. Development of the Private Sector F. Infectious Diseases including HIV/AIDS G. Core Labor Standards H. Gender and Development I. Environment J. Cooperation Among DMCs K. Money Laundering L. Drug Trafficking M. Improving Evaluation and the Linkage to Planning Operations N. Redesign of Operational Business Processes and Portfolio Management O. Strengthening Resident Missions P. Strengthening ADB’s Institutional Capacity IX. Planned Lending in ADF VIII X. Financing Framework for ADF VIII XI. Issues for Policy Review XII. Midterm Review of ADF VIII

ADF VIII Donor's Report: Fighting Poverty in Asia : VIII. The Strategy for Implementing ADF VIII

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K. Money Laundering

98. Increasingly, money laundering--which is associated with serious crimes including drug trafficking--occurs in many countries, including developing countries in the Region. Donors recommended that ADB combat money laundering in poorer DMCs through operations that develop and improve their regulatory framework and supervisory systems for the financial sector, and the legal framework for effectively dealing with the proceeds of drugs and similar crimes, as well as through operations in the financial and corporate sectors that promote transparency practices and good governance principles, including effective internal controls. As has been done in the past, ADB should also host conferences on anti-corruption and money laundering with other international agencies, including participation of officials from ADF borrowers. ADB should explore other ways to support cooperation between member countries to develop anti-money laundering policies and systems. Donors noted that ADB closely cooperates with and supports the Asia Pacific Group on Money Laundering, and recommended ADB prepare a policy paper on ADB's role in combating money laundering. Donors noted that ADB is closely following the Financial Action Task Force (FATF) and the work of other similar organizations as well as their various recommendations, with the intention of determining which of such recommendations can be furthered by ADB's own initiatives.

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