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Enhancing the Asian Development Bank's Role in Combating Money Laundering and the Financing of Terrorism

Anti-money laundering and combating the financing of terrorism are key priorities in many high-level forums.

These global problems affect both developed and developing countries. Many of ADB’s member countries are establishing or improving their legal and regulatory frameworks to address these issues based on internationally-accepted standards.

ADB’s policy
  • analyzes ADB’s past and ongoing involvement
  • clarifies ADB's position
  • identifies measures to further enhance its involvement in the overall context of international and regional efforts on these issues

The policy has three key elements:

  1. assisting developing member countries in establishing and implementing effective legal and institutional systems for AML/CFT
  2. increasing collaboration with other international organizations and aid agencies
  3. strengthening internal controls to safeguard ADB's funds.
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Contents

  1. Executive Summary

  2. The Policy Context

    1. The Impetus for an Anti-Money Laundering/Combating the Financing of Terrorism Policy

    2. Money Laundering

    3. Financing of Terrorism

    4. Negative Effects of Money Laundering

  3. International Efforts to Combat Money Laundering and the Financing of Terrorism

    1. Financial Action Task Force on Money Laundering and Affiliated Bodies

    2. The United Nations

    3. The Bretton Woods Institutions

    4. ADB’s Activities in AML

  4. The Policy

    1. Regional Context and Challenges

    2. Operational Content of the Policy

  5. Implementing the Policy

    1. Implementation and Monitoring

    2. Review of the Policy

    3. Resource Implications

  6. Recommendation

APPENDIXES [ PDF: 144kb | 15 pages ]

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