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

Press Information Notice: IMF Advances Efforts to Combat Money Laundering and Terrorist Finance
August 8, 2002

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)


Anti-Money Laundering And Combating Financing of Terrorism (AML/CFT)
Proposals to Access a Global Standard and to Prepare ROSCs

Joint Progress Report on the Work of the IMF and World Bank

July 17, 2002

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Contents

I. Introduction
II. Two Methods for Conducting Assessments and Preparing a ROSC
III. Adoption of a ROSC for the FATF 40+8 Recommendations
IV. Piloting of the Different Approaches for Review after 12 Months
V. Issues for Discussion and Recommendations
    Issues for Fund Directors
    Recommendations for Bank Executive Directors
Text Tables
1. Matrix of AML/CFT Methodology Assessment Areas
2. Methods for Concluding Comprehensive AML/CFT Assessments and ROSCs
3. Member Jurisdiction of FATF and FATF-Style Regional Bodies
Appendix
I. Examples of ROSCs Under the Two Assessments Methods