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

Institutional Document | November 2017

The Asian Development Bank (ADB) Board of Directors adopted the Policy on Combating Money Laundering and the Financing of Terrorism on 1 April 2003. The policy calls on ADB to (i) assist developing member countries (DMCs) in establishing and implementing effective legal and institutional systems to combat money laundering and the financing of terrorism; (ii) increase collaboration with other international organizations; (iii) strengthen internal controls to safeguard ADB funds; and (iv) upgrade ADB's staff capacity.

As required by the policy, a comprehensive review of its implementation was carried out in 2008, covering activities from April 2003 to March 2008. A second review of policy implementation was carried out in 2012, covering activities from April 2008 to September 2012. The present paper is on the third review, covering ADB’s activities under the policy from October 2012 to June 2017.

Contents 

  • Background
  • Synopsis of AML/CFT Developments in Developing Member Countries and Internationally from October 2012 to June 2017
  • Key Areas of ADB Activities from October 2012 to June 2017
  • Further Implementation of the Policy
  • Appendixes

Additional Details

Type
Subjects
  • ADB administration and governance
  • Anticorruption and integrity in ADB operations
  • Finance sector development
  • Banking and non-bank financial institutions
  • Governance and public sector management
  • Anti-money laundering

Subscribe to our monthly digest of latest ADB publications.

Follow ADB Publications on social media.