Financial Intelligence Units : An Overview.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund Monetary and Financial Systems Department., Content Provider.

International Monetary Fund Legal Department., Content Provider.

Series:

Manuals & Guides

Language:

English

Subjects (All):

Money laundering--Prevention.

Money laundering.

Terrorism--Prevention--Finance.

Terrorism.

Commercial crimes--Prevention.

Commercial crimes.

Physical Description:

1 online resource (144 pages)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2004.

Language Note:

English

Summary:

Over the past decade and beyond, the need for a modern anti-money-laundering strategy has become widely accepted internationally. Depriving criminal elements of the proceeds of their crimes has increasingly been seen as an important tool to combat drug trafficking and, more recently, as a critical element in fighting organized crime, corruption, and the financing of terrorism, and maintaining the integrity of financial markets. The first few financial intelligence units (FIUs) were established in the early 1990s in response to the need for countries to have a central agency to receive, analyze, and disseminate financial information to combat money laundering. Over the ensuing period, the number of FIUs has continued to increase, reaching 84 in 2003. This handbook responds to the need for information on FIUs. It provides references to the appropriate Financial ActionTask Force (FATF) standards wherever appropriate.

Contents:

Introduction

Establishing an FIU

Core functions of an FIU

Other FIU functions

Enhancing the effectiveness of FIUs

International assessments of FIUs

Conclusions

Appendixes.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

ISBN:

9781462314928

1462314929

9781455294008

1455294004

9781455227389

1455227382