ABSTRACT

Money Laundering and Financial Crimes Country Database: May 2011   [open pdf - 3MB]

"Every year, U.S. officials from agencies with anti-money laundering responsibilities meet to assess the money laundering situations in 200 jurisdictions. The review includes an assessment of the significance of financial transactions in the country's financial institutions involving proceeds of serious crime, steps taken or not taken to address financial crime and money laundering, each jurisdiction's vulnerability to money laundering, the conformance of its laws and policies to international standards, the effectiveness with which the government has acted, and the government's political will to take needed actions. The 2011 International Narcotics Control Strategy Report, Money Laundering and Financial Crimes, highlights the most significant steps countries and jurisdictions categorized as 'Major Money Laundering Countries' have taken to improve their anti-money laundering/counter-terrorist financing (AML/CFT) regimes. The report provides a snapshot of the AML/CFT legal infrastructure of each country or jurisdiction and its capacity to share information and cooperate in international investigations. For each country where they have been completed, the write-up also provides a link to the most recent mutual evaluation performed by or on behalf of the Financial Action Task Force (FATF) or the FATF-style regional body to which the country or jurisdiction belongs. When applicable, relevant country reports also provide links to the Department of State's 'Country Reports on Terrorism' so the reader can learn more about issues specific to terrorism and terrorism financing. Providing these links will allow those interested readers to find detailed information on the country's AML/CFT capacity and the effectiveness of its programs."

Publisher:
Date:
2011-05
Series:
Copyright:
Public Domain
Retrieved From:
U.S. Department of State: http://www.state.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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