2023 Review of The Fund’s Anti-Money Laundering and Combating The Financing of Terrorism Strategy

December 5, 2023

Preview Citation

Format: Chicago

2023 Review of The Fund’s Anti-Money Laundering and Combating The Financing of Terrorism Strategy, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Summary

This paper reviews the Fund’s efforts to safeguard financial integrity and proposes the way forward for the Fund’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Strategy. For over 20 years, the IMF has recognized that effective AML/CFT frameworks, and financial integrity more broadly, are key to the soundness and stability of the financial sector and to prevent the negative macroeconomic implications of financial crimes on the broader economy of members, progressively integrating this work across all its core functions and in a broad set of Fund policies. The paper takes stock of the implementation of the IMF's AML/CFT strategy since 2018. It also proposes deepening the integration of financial integrity issues and an enhanced focus on the macroeconomic impact of AML/CFT issues for the way forward.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Corruption, Crime, Financial Sector Assessment Program, Financial sector policy and analysis, Financial sector stability, Monetary policy, Political economy

Keywords: AML/CFT, Anti-money laundering, Anti-money laundering and combating the financing of terrorism (AML/CFT), Cd activity, CD engagement, Cd program, CD program, CFT framework, Combating the Financing of Terrorism, Corruption, Financial Crime, Financial Integrity, Financial Sector Assessment Program, Financial sector stability, Financial Stability, Fund policy, Global, Illicit financial flows, Money laundering, Proliferation financing, Proliferation financing risk, Terrorism financing

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2023/052
Stock No:

PPEA2023052
ISBN:

9798400258763
ISSN:

2663-3493

Notes

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