Rwanda: Detailed Assessment Report—Anti-Money Laundering and Combating the Financing of Terrorism

August 3, 2015

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Format: Chicago

Rwanda: Detailed Assessment Report—Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2015) accessed November 23, 2024

Summary

This paper discusses key findings and recommendations of the Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Rwanda. Rwanda has taken considerable steps over the last years to establish a national AML/CFT framework. The Rwandan authorities have made great progress in modernizing the financial sector, and aim at making it more attractive to foreign investors. Although the risks of money laundering and terrorist financing do not appear to be particularly significant in Rwanda, further action should be taken to bolster the legal framework, improve its implementation, strengthen overall supervision of reporting entities within the financial sector, and mitigate the potential domestic and cross-border risks.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Central bank, CFT law, CFT matter, CFT obligation, CFT purpose, CFT requirement, CFT supervisor, Competent authority, Compliance officer, CR, Due diligence, East Africa, ISCR, Legal support in revenue administration, Money laundering, Regulatory authority, Southern Africa, Terrorism financing

Publication Details

Pages:

406
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/221
Stock No:

1RWAEA2015002
ISBN:

9781513529677
ISSN:

1934-7685

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