United States: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

December 11, 2006

Preview Citation

Format: Chicago

United States: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2006) accessed November 15, 2024

Summary

This report provides a summary of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures in place in the United States on May 2006. The report describes and analyzes those measures and provides recommendations on how certain aspects of the system could be strengthened. The views expressed in this document are the views of the Financial Action Task Force (FATF), but do not necessarily reflect the views of the Boards of the IMF or World Bank. The Bank Secrecy Act provides the basis for most of the preventive measures applied to the financial sector and other businesses.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Commodity trade, Crime, Financial institutions, Insurance companies, International trade, Money laundering, Terrorism financing

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Beneficial owner, CFT regime, CFT system, Commodity trade, Company formation procedure, CR, Due diligence, Employee screening procedure, Identification procedure, Insurance companies, ISCR, Law enforcement authorities, Money laundering, Procedures manual, Terrorism financing

Publication Details

Pages:

23
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/432
Stock No:

1USAEA2006003
ISBN:

9781451839678
ISSN:

1934-7685

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