Download Assessment Of Inherent Risks Of Money Laundering And Terrorist Financing In Canada full books in PDF, epub, and Kindle. Read online free Assessment Of Inherent Risks Of Money Laundering And Terrorist Financing In Canada ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
| Author | : |
| Publisher | : |
| Total Pages | : 71 |
| Release | : 2015 |
| Genre | : Money |
| ISBN | : |
| Author | : |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2023 |
| Genre | : Money laundering |
| ISBN | : 9780660376622 |
| Author | : International Monetary Fund. Legal Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 217 |
| Release | : 2016-09-15 |
| Genre | : Social Science |
| ISBN | : 1475536135 |
This report summarizes the anti–money laundering and combating the financing of terrorism measures in place in Canada. The Canadian authorities have a good understanding of most of Canada’s money laundering and terrorism financing risks. Some financial intelligence and other relevant information are accessible by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC); law enforcement agencies have greater access. FINTRAC receives a wide range of information, which it uses adequately, but some factors limit the scope and depth of the analysis it is authorized to conduct.
| Author | : Pierre-Laurent Chatain |
| Publisher | : World Bank Publications |
| Total Pages | : 225 |
| Release | : 2022-08-11 |
| Genre | : Business & Economics |
| ISBN | : 1464818525 |
Money laundering and terrorist financing undermine the integrity and stability of financial systems and can have a significantly adverse impact on a jurisdiction's economy. Challenges to effective supervision and prevention of money laundering and financing of terrorism were exacerbated in the aftermath of the 2008 financial crisis, with financial institutions' need for funds at times undermining vigilance as to the provenance of those funds. As such, supervisors often, and prudently, focused on coping with the crisis. Since 2009, when the first edition of this handbook was published, challenges to the integrity and stability of financial systems have continued to evolve. Money-laundering and terrorist-financing risks continue to threaten the reputations of financial institutions and entire financial sectors, exposing institutions to the possibility of severe enforcement action by public authorities or the loss of correspondent relationship facilities by their private sector counterparts. This second edition reflects the evolving challenges to the integrity and stability of financial systems, recent trends in enforcement actions by country authorities, and changes to international standards, notably an emphasis on a risk-based approach. This practical handbook supports the implementation of international standards established by the Financial Action Task Force and other bodies, * Providing examples of money-laundering and terrorist-financing supervisory frameworks in a range of countries; * Describing best practices for the supervision and enforcement of money-laundering and terrorist-financing laws and regulations; * Offering practical advice on how a particular jurisdiction might incorporate enforcement of the laws and regulations on money laundering and terrorist financing into its supervisory framework. Designed specifically for bank supervisors, this guide will also be of interest to readers working in the areas of finance, corruption prevention, law, accounting, and corporate governance.
| Author | : International Monetary Fund. Legal Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 257 |
| Release | : 2016-02-10 |
| Genre | : Social Science |
| ISBN | : 1475539371 |
This report provides a summary of the anti-money laundering and combating the financing of terrorism (AML/CFT) measures in place in Italy as at the date of the onsite visit. It analyzes the level of compliance with the Financial Action Task Force recommendations and the level of effectiveness of Italy's AML/CFT system, and provides recommendations on how the system could be strengthened. Italy has a mature and sophisticated AML/CFT regime, with a correspondingly well-developed legal and institutional framework. Law enforcement agencies access, use, and develop good quality financial intelligence. Financial sector supervisors have been using a risk-based approach to varying degrees, but their supervisory tools could be improved.
| Author | : International Monetary Fund. Monetary and Capital Markets Department |
| Publisher | : International Monetary Fund |
| Total Pages | : 18 |
| Release | : 2022-10-21 |
| Genre | : Business & Economics |
| ISBN | : |
While domestic money laundering (ML) threats are well understood by the authorities, Ireland faces significant and increasing threats from foreign criminal proceeds. As a growing international financial center,1 Ireland is exposed to inherent transnational money laundering and terrorist financing (ML/TF) related risks. The ML risks facing Ireland include illicit proceeds from foreign crimes (e.g., corruption, tax crimes). Retail and international banks, trust and company service providers (TCSPs),2 lawyers, and accountants are medium to high-risk for ML, while virtual asset service providers (VASPs) pose emerging risks. Brexit, the recent move of international banks to Dublin, and the COVID-19 pandemic increased the money laundering risks faced by Ireland. The Central Bank of Ireland (Central Bank) nevertheless has demonstrated a deep and robust experience in assessing and understanding their domestic ML/TF risks; however, an increased focus on risks related to transnational illicit financial flows is required. A thematic risk assessment undertaken by the Anti-Money Laundering Steering Committee (AMLSC) of international ML/TF risks would enhance the authorities’ risk understanding and is key to effective response to the rapid financial sector growth. Introducing data analytics tools, including machine learning to leverage potentially available big data on cross-border payments, would allow for efficient detection of emerging risks. The results of this assessment should be published to improve the understanding of transnational ML/TF risks and feed into the anti-money laundering and combating the financing of terrorism (AML/CFT) policy priorities going forward.
| Author | : |
| Publisher | : World Bank Publications |
| Total Pages | : 304 |
| Release | : 2009 |
| Genre | : Business & Economics |
| ISBN | : 0821379135 |
"Money laundering and terrorist financing are serious crimes that affect not only those persons directly involved, but the economy as a whole. According to international standards, every bank has the obligation to know its customers and to report suspicious transactions. Although these obligations sound straightforward, they have proved challenging to implement. What information precisely has to be gathered? How should it be recorded? If and when does one have to file a suspicious transaction report? It is here that a supervisor can play a crucial role in helping supervised institutions; first, in understanding the full extent of the obligations of Customer Due Diligence and Suspicious Transaction Reports (STR) and, second, in ensuring that those obligations are not just words on paper but are applied in practice. Effective supervision is key to the success of a country's AML/CFT system. In this regard, field work in both developed and developing countries has shown an overall low compliance in the area of supervision of banks and other financial institutions; supervisory compliance is indeed generally lower than the average level of compliance with all Financial Action Task Force recommendations. As a result, by providing examples of good practices, this book aims to help countries better conform to international standards. In this regard, this handbook is specifically designed for bank supervisors.
| Author | : |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2019 |
| Genre | : |
| ISBN | : |
Following the meeting, a news release published by the Department of Finance Canada emphasized four initiatives on which there was consensus, including an "intention" to provide $10 million to the RCMP, in addition to current budget commit- ments, for the force to invest in the infrastructure and tools needed to pursue complex financial crimes in Canada (Canada, Department of Finance 2019a). [...] It reviews all disclosures received from FINTRAC and deter money laundering and the financing of and identifies targets with identifiable terrorist activities and to facilitate the investigation and tax and collection potential. [...] GLOBAL REPORT CARD ON CANADA'S AML/ATF REGIME Around the same time that Canada published its 2015 Assessment of Inherent Risks of Money Laun- dering and Terrorist Financing in Canada, the International Monetary Fund supported the FATF in conducting an evaluation of the effectiveness of Canada's AML/ATF regime and its compliance with the FATF's 40 recommendations. [...] The FATF assessors determined that although law enforcement agencies in Canada generally agreed with the findings in the 2015 as- sessment, their prioritization processes, particular- ly those of the RCMP, were not compliant with the findings of the 2015 assessment. [...] ENFORCEMENT Efforts to renew Canada's Federal Tobacco Control Strategy (FTCS) and the Assessment of Inherent Risks of Money Laundering and Terrorist Financing in Canada notwithstanding, Canada's federal government has taken very little concrete action to address the country's role in the illicit tobacco trade, its international impact, and laundering associated proceeds of crime.
| Author | : Rafay, Abdul |
| Publisher | : IGI Global |
| Total Pages | : 374 |
| Release | : 2021-04-16 |
| Genre | : True Crime |
| ISBN | : 179988760X |
During the last few decades, corrupt financial practices were increasingly being monitored in many countries around the globe. The past few decades have been eventful for these issues. Today, tackling money laundering and terrorism financing are considered key issues in developed and developing countries alike. Eradication of money laundering and terrorism financing through a holistic approach of awareness, prevention, and enforcement is a current need. It has enabled the birth of new regulatory regimes based on strict compliance, robust processes, and technology. One of the many problems with this is the lack of general awareness about all these issues among various stakeholders including researchers and practitioners. Money Laundering and Terrorism Financing in Global Financial Systems deepens the discourse about money laundering, terrorism financing, and risk management in a modern-day environment. It provides a fascinating and invaluable guide for understanding the theory, practice, and cases of these topics. Split into two sections, the first being money laundering and terrorism financing and the second being financial governance and risk management, the chapters create comprehensive knowledge on these acts of crime in the financial industry by defining the crimes themselves, the many challenges and impacts, and potential solutions. This book is ideal for government officials, financial professionals, policymakers, academicians, business professionals, managers, IT specialists, researchers, and students.
| Author | : International Monetary Fund. Legal Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 12 |
| Release | : 2018-11-15 |
| Genre | : Social Science |
| ISBN | : 1484384512 |
Colombia has a reasonable understanding of its main domestic money laundering/terrorist financing (ML/TF) risks. The country’s understanding of risks relies particularly on the results of the 2013 and 2016 National Risk Assessments (NRAs). • The 2016 NRA has yielded reasonable findings with respect to the identification of the main ML threats and vulnerabilities. • The AML/CFT supervisory systems and tools are not entirely in line with the risk-based approach (RBA), and there are significant gaps in the supervision of designated non-financial businesses and professions (DNFBPs). • Colombia investigates and prosecutes ML effectively, but not in a manner that is commensurate with its ML risks.
