Table of contents for Reference guide to anti-money laundering and combating the financing of terrorism / [Paul Allan Schott].


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Part A: The Problem and the International Response
Chapter I: Money Laundering and Terrorist Financing:
Definitions and  Explanations............................................... 1-1
A.  W hat Is Money Laundering?  ...............................................  1-2
B. What Is Terrorist Financing? ................  ..... .................. . 1-4
C. The Link Between Money Laundering and Terrorist Financing .................  -5
D.  The Magnitude of the Problem  ............................................. 1-6
E. The Processes ....................................... .................... . 1-7
F. Where Do Money Laundering and Terrorist Financing Occur?.................. -9
G. Methods and Typologies .............................................. 1-9
Chapter II: Money Laundering Impacts Development........................ 11-1
A.  The Adverse Implications for Developing Countries ...........................11-2
B.  The Benefits of an Effective AML/CFT Framework.............................11-7
Chapter III: International Standard Setters ................................ .111-1
A.  The  United  Nations.................  ........... .. .....  .................  111-2
B. The Financial Action Task Force on Money Laundering....................... 111-7
C. The Basel Committee on Banking Supervision .......... .. ............ 111-13
D.  International Association of Insurance Supervisors...................... ... 1ll-T6
E. International Organization of Securities Commissioners .......... .......... 111-18
F.  The Egmont Group of Financial Intelligence Units ............ ................ 111-19
Chapter IV: Regional Bodies and Relevant Groups.......................... IV-1
A.  FATF-Style  Regional Bodies  .............................. ................ IV-1
B.  W olfsberg  Group of Banks ............................... ................  IV-4
C.  The Commonwealth Secretariat ............ ............................... IV-8
D. Organization of American States-CICAD..................................... IV-9
Part B: The Elements of an Effective AML/CFT Framework
Chapter V: Legal System Requirements ...............      ................ V-1
A.  Criminalization  of Money  Laundering .........................................V-2
B. Criminalization of Terrorism and the Financing of Terrorism ...................V-15
C.  Seizure, Confiscation, and  Forfeiture  ........................................V-15
D. Types of Covered Entities and Persons .................. ................. V-19
E. Supervision and Regulation-Integrity Standards...........................V-23
F. Laws Consistent with Implementation of FATF Recommendations .............V-26
G. Cooperation Among Competent Authorities ..................................V-26
H.  Investigations  ................ .................... ... ...................V-27
Chapter VI: Preventive Measures .......................................VI-1
A. Customer Identification and Due Diligence................ . .............. VI-2
B.  Record  Keeping  Requirements  ......... .......... ..... .............. VI-16
C.  Suspicious Transaction Reporting ........................ ............... VI-18
D. Cash Transaction Reporting ..................... ................. VI-24
E. Balancing Privacy Laws with Reporting and Disclosure Requirements ....... VI-26
F.  Internal Controls, Compliance and Audit ....................................  VI-27
G. Regulation and Supervision-Integrity Standards ......................... VI-27
H. Legal Entities and Arrangements......................................... VI-28
Chapter VII: The Financial Intelligence Unit .............  ............... VII-1
A.  Definition  of a  Financial Intelligence  Unit ................................... VII-3
B.  Core Functions  ........................................... .............. Vll-4
C. Types or Models of FlUs ............... .......................... Vll-9
D. Possible Additional Functions ............. . ..... ................. Vll-15
E.  Organizing the  FIU  .................... .............. ................   Vll-17
F   Privacy Safeguards  ................. ................... ..............  VII-19
G.  Information  and  Feedback  ............................. ................. Vll-23
Chapter VIII: International Cooperation. .................... .............. VIII-1
A.  Prerequisites for Effective International Cooperation ................ ...... VIll-2
B. General Principles of International Cooperation Against
M oney  Laundering  ................................... .  ................. Vll-5
C.  International Cooperation Between FIUs.................. ................   .Vlll-6
D. International Cooperation Between Financial Supervisory Authorities .........Vll-8
E. International Cooperation Between Law Enforcement and
Judicial Authorities  ...................... ........... ... ..............  VIII-11
F   Considerations for Fiscal Matter Offenses  ............ .  . . .............. .Vll-13
Chapter IX: Combating the Financing of Terrorism .......................... IX-1
A. Ratification and Implementation of United Nations Instruments ............. IX-2
B. Criminalizing the Financing of Terrorism and Associated
M oney  Laundering  ....................................................  IX-4
C.  Freezing and Confiscating Terrorist Assets ............... ................... IX-5
D. Reporting Suspicious Transactions Related To Terrorism ..................... IX-7
E.  International Cooperation  ................................. ............. . IX-8
F   Alternative Remittance Systems ........................................... IX-9
G.  W ire Transfers................. ....................................... IX-10
H.  Non-Profit Organizations..............  ............... .................. IX-12
1.  Cash  Couriers  ................ .......................................  . . IX-13
J. Self-Assessment Questionnaire on Terrorist Financing ..................... IX-17
Part C: The Role of the World Bank and International Monetary Fund
Chapter X: World Bank and International Monetary Fund
Initiatives to Fight Money Laundering and Terrorist Financing ............... X-1
A.  Awareness Raising........................................................ X-3
B. Development of a Universal AML/CFT Assessment Methodology ...............X-5
C.  Building  Institutional Capacity  ...............................................X-6
D.  Research  and Analysis  ................ .. .................. ...............X-9



Library of Congress subject headings for this publication: Money laundering, Terrorism Prevention, Terrorism Finance