Paraguay: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

July 31, 2009

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Format: Chicago

Paraguay: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Summary

This paper discusses key findings of the detailed assessment report on antimoney laundering and combating the financing of terrorism (AML/CFT) for Paraguay. The assessment reveals that there are significant gaps in Paraguay’s AML/CFT framework, and the level of awareness of money laundering/financing of terror risks is low in both the public and private sectors. The country falls well short of complying with most of the Financial Action Task Force recommendations. There are also no provisions that would allow the authorities to freeze suspected terrorist assets in accordance with the relevant UN Security Council Resolutions.

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), Beneficial owner, Business organization, Central bank, Compliance officer, CR, Due diligence, Government agency, ISCR, Legal support in revenue administration, Middle East, Money laundering, South America, Terrorism financing

Publication Details

Pages:

252
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/235
Stock No:

1PRYEA2009004
ISBN:

9781451832600
ISSN:

1934-7685

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