Preventing Money Laundering and Terrorist Financing : A Practical Guide for Bank Supervisors

This book is specifically designed for bank supervisors, some of whom may be looking for ways to devise a program of anti-money laundering/combating the financing of terrorism (AML/CFT) supervision. Others may have encountered difficulties in elements of their systems of supervision and are looking for alternatives. Supervisors may also come to recognize even more efficient ways to carry out AML/CFT supervision. The objective of this book is therefore to provide a "how to" reference for practitioners of financial regulation and supervision. The authors have attempted to conceive a practical guide, with the purpose of resolving strategic and operational supervisory issues. They cover the entire spectrum of supervision, ranging from supervision objectives to the design and carrying out of onsite and offsite inspection programs, and from cooperation with other domestic and international AML/CFT authorities to sanctions and enforcement. The international community recognizes that under-regulated or unsupervised entities have the potential to undermine confidence in financial markets and hamper economic recovery. Better transparency, enhanced oversight, and stronger cross border cooperation among regulators and supervisors in all areas of risks, including money laundering and terrorist financing, are necessary to ensure that financial institutions always remain sound, sustainable, and vigilant. This task is even greater during difficult times.

Bibliographic Details

Main Authors:	Chatain, Pierre-Laurent, McDowell, John, Mousset, Cedric, Schott, Paul Allan, van der Does de Willebois, Emile
Language:	English
Published:	World Bank 2009-03-01
Subjects:	ACCEPTABLE RISK, ACCESS TO INFORMATION, ACCOUNTABILITY, ADB, ADEQUATE SURVEILLANCE, ADVISORY GROUP, ANTI- MONEY LAUNDERING, ANTI-MONEY LAUNDERING, ASSESSMENT OF RISK, ATM, AUDITOR, BANK COMPLIANCE, BANK EXAMINATION, BANK EXAMINERS, BANK FOR INTERNATIONAL SETTLEMENTS, BANK HOLDING COMPANIES, BANK NEGARA MALAYSIA, BANK OF KOREA, BANK OF PORTUGAL, BANK OF THAILAND, BANK PRODUCTS, BANK REGULATORY AGENCIES, BANKERS ASSOCIATION, BANKING INDUSTRY, BANKING SECTOR, BANKING SUPERVISION, BANKING SYSTEM, BANKING SYSTEMS, BANKRUPTCY, BANKS, BANQUE DE FRANCE, BANQUE NATIONALE DE BELGIQUE, BEST PRACTICES, BUSINESS SCHOOL, CAPITAL ADEQUACY, CENTRAL BANKS, CIVIL SANCTIONS, CLEARING HOUSE, COMMERCIAL BANKS, CONFIDENCE, CONFLICTS OF INTEREST, CONSOLIDATED SUPERVISION, CONSUMER, CONSUMER ORGANIZATIONS, CORRUPT, CORRUPT PRACTICES, CORRUPTION, CREDIT INSTITUTIONS, CREDIT RISK, CRIMINAL, CRIMINAL SANCTIONS, CRIMINALS, CURRENCY, CUSTOMER BASE, DAMAGES, DEPOSIT, DEPOSITORS, DEVELOPMENT BANK, DISCRETION, DRUG TRAFFICKING, EARNINGS, ECONOMIC CRIME, ECONOMIC GROWTH, EMPLOYEE, EMPLOYMENT, ENFORCEMENT AGENCIES, EVALUATION CRITERIA, EXTERNAL AUDITORS, EXTORTION, FDIC, FEDERAL DEPOSIT INSURANCE, FEDERAL DEPOSIT INSURANCE CORPORATION, FEDERAL FINANCIAL INSTITUTIONS, FEDERAL REGULATION, FEDERAL RESERVE, FINANCES, FINANCIAL ACCESS, FINANCIAL ACTION, FINANCIAL CRIME, FINANCIAL CRIMES, FINANCIAL CRISIS, FINANCIAL EXPERTISE, FINANCIAL GROUPS, FINANCIAL INFORMATION, FINANCIAL INFRASTRUCTURE, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INTELLIGENCE, FINANCIAL INTELLIGENCE UNIT, FINANCIAL MANAGEMENT, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL REGULATION, FINANCIAL SECTOR, FINANCIAL SECTOR ASSESSMENT, FINANCIAL SERVICE, FINANCIAL SERVICES, FINANCIAL SERVICES AUTHORITY, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FINANCIAL TRANSACTION, FOREIGN ASSETS, FOREIGN BANKS, FORMAL BANKING, FORMAL BANKING SYSTEM, FRAUD, GENERAL PUBLIC, GENERATOR, GOVERNMENT POLICY, INFORMATION SYSTEM, INFORMATION TECHNOLOGY, INSURANCE COMPANIES, INTEGRITY, INTERNAL CONTROLS, INTERNATIONAL BANK, INTERNATIONAL BANKS, INTERNATIONAL FINANCE, INVESTIGATION, INVESTMENT COMPANY, INVESTMENT FIRMS, JUDICIARY, LAW ENFORCEMENT, LAWS, LAWYERS, LEGISLATION, LEVEL PLAYING FIELD, LIFE INSURANCE, LIFE INSURANCE COMPANY, LIFETIME, LIQUIDITY RISK, LOAN, LOCAL BANKS, MAJOR BANKING, MANDATES, MARKET DISCIPLINE, MEDIA, MICROFINANCE, MONEY LAUNDERING, OFFENSE, OFFENSES, OUTREACH, PENALTIES, POLICE, PRIVATE INVESTMENT, PROSECUTION, PROSECUTOR, PUBLIC BANK, PUBLIC FUNDS, PUBLIC GOOD, QUESTIONNAIRE, REAL ESTATE, REAL ESTATE AGENTS, RESPONSIBILITIES, RISK ANALYSIS, RISK ASSESSMENT, RISK ASSESSMENT PROCESS, RISK EXPOSURE, RISK MANAGEMENT, RISK PROFILE, ROBBERY, SAFETY, SANCTION, SANCTIONS, SECURITIES, SENIOR, STAKEHOLDERS, STATE UNIVERSITY, SUBSIDIARY, SUPERVISORY AUTHORITIES, SUPERVISORY FRAMEWORK, SUPERVISORY REGIMES, TECHNICAL ASSISTANCE, TERRORISM, TERRORIST, TERRORISTS, THEFT, THRIFT, THRIFT SUPERVISION, TRAINING PROGRAMS, TRANSACTION, TRANSPARENCY, TYPES OF LOANS, VALUABLE, WIRE TRANSFER, WITHDRAWAL,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090615030245 https://hdl.handle.net/10986/2638
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