Cape Verde: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism
IMF Staff Country Reports, April 3, 2009
Source details
- Canonical URL
- Cape Verde: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism
Other formats
Bibliographic details
- Published: April 3, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809534.002
Summary
- This report provides a summary of the antimoney laundering (AML) and combating the financing of terrorism (AML/CFT) measures in place in Cape Verde.
- It sets out Cape Verde’s levels of compliance with the Financial Action Task Force (FATF) 40 recommendations.
- The assessment reveals that Cape Verde has a comprehensive framework that addresses the freezing, seizing, and confiscation of the proceeds and instrumentalities of crimes including money laundering or assets of corresponding value.
- There are adequate provisions to protect the rights of bona fide third parties.
Key findings and substantive observations
- Compliance framework:
- Assesss levels of compliance with the FATF 40 recommendations.
- Asset recovery and enforcement:
- Cape Verde has a comprehensive framework addressing freezing, seizing, and confiscation of proceeds and instrumentalities of crimes including money laundering or assets of corresponding value.
- Protections:
- Adequate provisions exist to protect the rights of bona fide third parties.
Publication and metadata
- Publication series: IMF Staff Country Reports
- Publication date: April 3, 2009
- Pages: 190
- Volume: 2009
- Issue: 115
- Series identifier: Country Report No. 2009/115
- DOI: https://doi.org/10.5089/9781451809534.002
- Stock No: 1CPVEA2009003
- ISBN: 9781451809534
- ISSN: 1934-7685
Subjects and keywords
- Subject: Crime, Revenue administration
- Keywords: AML law, Anti-money laundering and combating the financing of terrorism (AML/CFT), arms trafficking, CR, criminal activity, Global, ISCR, Legal support in revenue administration, ML offence, Money laundering, North America, penal code, predicate offence, South America, Terrorism financing, West Africa
Access and formats
- Associated access point: IMF eLibrary
- Note: The IMF eLibrary offers over 25,000 IMF publications in multiple formats.
Source: Cape Verde: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism (IMF Staff Country Reports), April 3, 2009.