Money laundering and the financing of terrorism are global problems
that not only threaten a country’s security, but also compromise
the stability, transparency, and efficiency of its financial system,
consequently undermining its economic prosperity. The annual global
estimate for money laundering is more than $1 trillion, valued in U.S.
dollars. Efforts to counter these activities are known as
anti–money laundering and combating the financing of terrorism
(AML/CFT) programs.
The Combating Money Laundering and the Financing of Terrorism
training program was developed by the World Bank’s Financial
Market Integrity Unit, with support from the governments of Sweden,
Japan, Denmark, and Canada. The program will help countries build and
strengthen their AML/CFT efforts by training all relevant staff in both
the public and private sectors, such as staff in fi nancial
intelligence units, financial supervisory authorities, law enforcement
agencies, and financial institutions.
The training guide’s modules are:
Module 1: Effects on Economic Development and International
Standards
Module 2: Legal Requirements to Meet International Standards
Module 3a: Regulatory and Institutional Requirements for AML/CFT
Module 3b: Compliance Requirements for Financial Institutions
Module 4: Building an Eff ective Financial Intelligence Unit
Module 5: Domestic (Inter-Agency) and International Cooperation
Module 6: Combating the Financing of Terrorism
Module 7: Investigating Money Laundering and Terrorist Financing
The modules cover all the Financial Action Task Force on
Anti–Money Laundering’s Forty Recommendations and Nine
Special Recommendations, with the original texts. Each module is
targeted at a specific group of professionals in a jurisdiction’s
AML/CFT regime, although they may also benefit from gaining wider
knowledge through the other modules included in this program. Each
module provides questions at the beginning and end to assess how much
has been learned. The training guide contains numerous case studies,
discussions and analyses of hypothetical and actual examples of money
laundering schemes, and best practices in investigation and
enforcement, which will help readers fully understand the
implementation of successful AML/CFT programs.
- Shipping Weight: 4.66 lbs (2.11 kgs)
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