The IMF and the Fight Against Money Laundering and the Financing of Terrorism, A Factsheet

Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Progress Reports

More on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)

IMF Board Discusses the Fund's Intensified Involvement in Anti-Money Laundering and Combating the Financing of Terrorism

IMF Executive Board Discusses Money Laundering
April 29, 2001

Enhancing Contributions to Combating Money Laundering—Policy Paper
April 26, 2001

Financial System Abuse, Financial Crime and Money Laundering—Background Paper.
February 12, 2001

Intensified Fund Involvement in Anti-Money Laundering Work and Combating the Financing of Terrorism

Prepared by a Task Force under Deputy Managing Director, Mr. Aninat and with membership of the Legal, Monetary and Exchange Affairs, and Policy Development and Review Departments
In Consultation with Other Departments and the World Bank

November 5, 2001

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Contents

I. Introduction

II. The Board Decisions of April 2001 and Follow-Up

    A. The Board Decision on Enhancing Contributions to Combating Money Laundering

III. Considerations in Determining Measures for Intensified        Involvement

    A. Information Exchange and International Cooperation
    B. Financial Policies, Supervisory Principles, and Measures to Combat Terrorist Financing
    C. National and International Systems for Information Sharing

IV. The Fund's Comparative Advantages and Coordination with       Other Groups

    A. The Fund's Mandate and Expertise
    B. Coordination with FATF
    C. Coordination with the World Bank and Other Organizations
    D. Coordination of Technical Assistance

V. Measures for Intensifying the Fund's Involvement

VI. Resource Demands

VII. Summary

VIII. Issues for Discussion

Annexes
I.

Financing of Terrorism

II. AML Elements in Supervisory Principles, and Possible Scope for an    Expanded Methodology
III. FAFT, the FATF 40 Recommendations, and the ROSC Process
IV. Standards Assessments and ROSCs
V. The Role of Financial Intelligence Units in Financial Supervision and    in Preventing Use of the Financial System by Criminals
VI. Elements of an Anti-Money Laundering Questionnaire