Anti-Money Laundering and Combating the Financing of Terrorism : Niger

The assessment of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regime in Niger was conducted on the basis of the Forty Recommendations and the Nine Special Recommendations on the financing of terrorism drawn up in 2003 and 2001, respectively, by the Financial Action Task Force (FATF), and on the AML/CFT Methodology of 2004. The assessment was based on the laws, regulations, and other materials supplied by the national authorities of Niger, as well as the information gathered in the course of the country visit from June 16 to 27, 2008. During its visit, the assessment team met with the managers and representatives of all the relevant government agencies and the private sector The assessment was conducted by an evaluation team from the World Bank and the Intergovernmental Anti-Money Laundering Group in West Africa (GIABA). To this end, they analyzed the institutional framework, the AML/CFT laws and regulations, regulations, guidelines and other obligations, as well as regulatory or other regimes in force in Niger for combating money laundering and the financing of terrorism. The capacity, implementation, and effectiveness of all these mechanisms were assessed as well. This report provides a summary of the AML/CFT measures in force in Niger as at the date of the on-site visit or immediately thereafter. It describes and analyzes those measures, and makes recommendations on how certain aspects of the system could be strengthened. It also sets out Niger s level of compliance with the FATF 40+9 Recommendations.

Bibliographic Details

Main Author:	World Bank
Format:	Financial Sector Assessment Program (FSAP) biblioteca
Language:	English en_US
Published:	GIABA and the World Bank, Washington, DC 2009-05-05
Subjects:	ABUSE, ACCOUNTING, AGRICULTURAL SECTOR, ANTI-MONEY LAUNDERING, ASSET MANAGEMENT, ASSETS, AUDITOR, AUDITORS, AUTOMATIC TELLER, BALANCE SHEET, BANK ACCOUNTS, BANK ASSETS, BANK CREDITS, BANK CUSTOMERS, BANKING INSTITUTIONS, BANKING LAW, BANKING NETWORK, BANKING SECTOR, BANKING SERVICES, BANKS, BONDS, BROKERAGE, BROKERAGE FIRM, BROKERAGES, BROKERS, CENTRAL BANK, CENTRAL SECURITIES DEPOSITORY, CERTIFICATES OF DEPOSIT, CHECKING ACCOUNT, CHECKING ACCOUNTS, CHECKS, CIVIL LAW, COLLECTIVE INVESTMENTS, COMMERCIAL BANKS, COMMERCIAL CODE, COMMERCIAL LAW, COMMERCIAL LAWS, COMMUNITY DEVELOPMENT, CONFIDENTIALITY, CONSUMER LOANS, COOPERATIVES, CORRUPTION, COURT SUPERVISION, CREDIT INSTITUTIONS, CREDIT REGISTRY, CRIME, CRIMES, CRIMINAL, CRIMINAL LAW, CRIMINAL LIABILITY, CRIMINAL SANCTIONS, CRIMINALITY, CRIMINALS, CROSS-BORDER COOPERATION, CROSS-BORDER TRANSACTIONS, CURRENCY, CUSTOMER BASE, DECENTRALIZATION, DEPOSIT, DEPOSITS, DRUG TRAFFICKING, DUE DILIGENCE, ECONOMIC ACTIVITY, ELECTRONIC FUNDS, ELECTRONIC TRANSFERS, ENFORCEMENT AGENCIES, ENROLLMENT, EQUIPMENT, ETHICS, EXCLUSION, EXTRADITION, FERTILITY RATE, FINANCIAL ASSETS, FINANCIAL CRIME, FINANCIAL CRIMES, FINANCIAL EXPERTISE, FINANCIAL INFORMATION, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INTELLIGENCE, FINANCIAL INTELLIGENCE UNIT, FINANCIAL INTERMEDIATION, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL RESOURCES, FINANCIAL SECTOR ASSESSMENT, FINANCIAL SERVICE, FINANCIAL SERVICES, FINANCIAL SYSTEMS, FINANCIAL TRANSACTIONS, FOREIGN BANKS, FOREIGN EXCHANGE, FOREIGN EXCHANGE TRANSACTIONS, FORMAL BANKING, FORMAL BANKING SYSTEM, FORMAL FINANCIAL SECTOR, FORMAL FINANCIAL SERVICES, FRAUD, FUNGIBLE, GANG, GROSS DOMESTIC PRODUCT, GROWTH RATE, HARMONIZATION, HOLDINGS, HOUSEHOLDS, HUMAN DEVELOPMENT, HUMAN RESOURCES, IMMOVABLE ASSETS, INFORMATION PROCESSING, INITIATIVE, INSIDER DEALING, INSURANCE, INSURANCE COMPANIES, INSURANCE MARKETS, INTANGIBLE, INTEGRITY, INTERMEDIARY BANK, INTERNAL AUDITS, INTERNAL CONTROLS, INTERNATIONAL COOPERATION, INTERNATIONAL LAW, INTERNATIONAL STANDARD, INTERNATIONAL STANDARDS, INTERNATIONAL TRADE, INVESTIGATION, INVESTIGATIONS, INVESTIGATORS, INVESTMENT FUNDS, JOINT STOCK COMPANIES, JOINT STOCK COMPANY, JUDICIARY, JURISDICTION, JURISDICTIONS, JUSTICE, LAW ENFORCEMENT, LAWYERS, LEGAL AUTHORITY, LEGAL FRAMEWORK, LEGAL INSTRUMENTS, LEGAL RISKS, LEGAL SYSTEM, LEGISLATIVE FRAMEWORK, LETTERS OF CREDIT, LIABILITY, LIFE EXPECTANCY, LIFE INSURANCE, LIFE INSURANCE COMPANY, LIFE INSURANCE PRODUCTS, LIMITED ACCESS, LIMITED LIABILITY, LIMITED LIABILITY COMPANIES, LIMITED PARTNERSHIP, LOAN, LOAN INSTITUTIONS, LOCAL BANK, LOCAL BANKS, LOCAL ECONOMY, MARKET INTERMEDIARY, MFI, MICROFINANCE, MICROFINANCE INSTITUTION, MICROFINANCE INSTITUTIONS, MICROFINANCE SECTOR, MINISTERS, MISAPPROPRIATION, MONEY LAUNDERING, MONEY ORDERS, MONEY TRANSFER, MUTUAL FUND, MUTUAL FUNDS, MUTUAL LEGAL ASSISTANCE, NATIONAL LAW, NONPROFIT ORGANIZATIONS, NOTARIES, OFFENSE, OFFENSES, PAYMENT ORDERS, PENALTIES, PENALTY, PENETRATION RATE, PENSION, PENSION FUNDS, PERCEPTION OF CORRUPTION, PERSONAL PROPERTY, POLICE, PORTFOLIO, POST OFFICE, PROCUREMENT, PROFITABILITY, PROSECUTION, PROSECUTIONS, PROSECUTOR, PROSECUTORS, PRUDENTIAL SUPERVISION, PUBLIC FUNDS, PUBLIC OFFICERS, PUBLIC SAVINGS, REAL ESTATE, RECEIPT, REGISTRATION REQUIREMENTS, REGULATORY REQUIREMENTS, REINSURANCE, RESERVES, ROBBERY, SANCTION, SANCTIONS, SAVINGS, SAVINGS ACCOUNTS, SAVINGS BANKS, SAVINGS INSTRUMENT, SAVINGS PRODUCTS, SECURITIES, SECURITIES EXCHANGE, SEIZURE, SEIZURES, SETTLEMENT, SMALL BANKS, SMALL SAVERS, SOURCE OF INCOME, STOCK EXCHANGE, STOCK MARKET, SUPERVISORY AUTHORITIES, TAX, TAX EXEMPTIONS, TELECOMMUNICATIONS, TERRORISM, THEFT, TIME DEPOSITS, TRADING, TRANSACTION, TRANSPARENCY, TREASURY, TREATY, TURNOVER, UNION, WOMAN,
Online Access:	http://documents.worldbank.org/curated/en/2009/05/16357316/niger-anti-money-laundering-combating-financing-terrorism http://hdl.handle.net/10986/12946
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