Manual on Countering Money Laundering and the Financing of Terrorism

Date: January 2003
Type: Books
Subject:
Finance; Governance and public sector management
Price: Hardcopy price: $30.00

Description

In the area of anti-money laundering (AML) and combating the financing of terrorism (CFT), there are a number of conventions, principles, recommendations, guidelines, model laws, etc., and it is not easy for many of us to refer to those by visiting each organization's web site one by one.

This Manual is a 524-page publication compiling some of those documents, with consents by organizations that produced the original documents. It was prepared under ADB's regional technical assistance No. 5967: Countering Money Laundering in the Asian and Pacific Region, to enhance the dissemination and use of these important documents among government officials and others in charge of AML/CFT. ADB plans to update the Manual once in a year or two.

Contents

  • Foreword
  • What is Money Laundering?
    • Introduction
    • Financial Action Task Force on Money Laundering: Basic Facts
    • United Nations Office for Drug Control and Crime Prevention: Basic Facts
    • Economic Research Report: The Negative Effects of Money Laundering on Economic Development
  • International Conditions and Standards
    • Introduction
    • United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances
    • United Nations Political Declaration and Action Plan against Money Laundering
    • United Nations Convention Against Transnational Organized Crime
    • Financial Action Task Force: Forty Recommendations
    • Financial Action Task Force: Criteria Defining Non-Cooperative Countries and Territories
    • Council of Europe: Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime
    • European Communities: Council Directive on Prevention of the Use of the Financial System for the Purpose of Money Laundering
    • United Nations: International Convention for the Suppression of the Financing of Terrorism
    • Financial Action Task Force: Special Recommendations on Terrorist Financing >
    • Financial Action Task Force: Guidance Notes for the Special Recommendations on Terrorist Financing and the Self-Assessment Questionnaire
    • United Nations: Security Council Resolution 1373
  • Model Anti-Money Laundering Laws
    • Introduction
    • United Nations: Model Legislation on Laundering, Confiscation and International Cooperation in Relation to the Proceeds of Crime (1999)
    • United Nations: Model Money Laundering and Proceeds of Crime Bill, 2000
    • Commonwealth: Model Law for the Prohibition of Money Laundering
    • Organization of American States: Model Regulations concerning laundering offences connected to illicit drug trafficking and other serious offences
  • Financial Institutions: Prevention Guidelines
    • Introduction
    • Basel Committee Statement on Prevention of Criminal Use of the Banking System for the Purpose of Money Laundering, 1988
    • Basel Committee: Core Principles for Effective Banking Supervision
    • Global Anti-Money-Laundering Guidelines for Private Banking Wolfsberg AML Principles
    • Monetary Authority of Singapore: Guidelines on Prevention of Money Laundering - Notice to Banks
    • Monetary Authority of Singapore: Guidelines on Prevention of Money Laundering - Notice to Merchant Banks
    • Monetary Authority of Singapore: Guidelines on Prevention of Money Laundering - Notice to Finance Companies
    • Monetary Authority of Singapore: Guidelines on Prevention of Money Laundering - Notice to Life Insurers
    • Monetary Authority of Singapore: Guidelines for Dealers and Investment Advisers
    • Monetary Authority of Singapore: Guidelines for Futures Brokers, Futures Trading Advisers and Futures Pool Operators
    • Hong Kong Monetary Authority: A Guideline on Prevention of Money Laundering
    • Financial Action Task Force: Providing Feedback to Reporting Financial Institutions and Other Persons Best Practice Guidelines
  • Law Enforcement and Mutual Assistance
    • Introduction
    • The Egmont Group of Financial Intelligence Units: Statement of Purpose
    • The Egmont Group of Financial Intelligence Units: Information Paper
    • United Nations: Model Decree on The Financial Intelligence Unit
    • United Nations: Model Mutual Assistance in Criminal Matters Bill, 1998
    • United Nations: Model Foreign Evidence Bill, 1998