Islamic Republic of Afghanistan : Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2011/317

IMF Staff Country Reports

Language:

English

Subjects (All):

Money laundering--Afghanistan--Prevention.

Money laundering.

Terrorism--Afghanistan--Finance--Prevention.

Terrorism.

Money laundering--Prevention.

Physical Description:

1 online resource (275 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Language Note:

English

Summary:

Afghanistan is one of the poorest countries in the world and, after decades of ongoing conflicts and strife, it is still at an early stage of developing its legal and institutional framework. Measures have been taken to fight crime, including financial crime. Smuggling and fraud are other major sources of illegal funds. In addition, terrorism and its financing remain a major concern. A framework has been established to allow for international mutual legal assistance but it falls short of the standard and is rarely used.

Contents:

Cover; Contents; Acronyms; Preface; Executive Summary; 1. GENERAL; 1.1. General Information on the Islamic Republic of Afghanistan; 1.2. General situation of ML and FT; 1.3. Overview of the financial sector; 1.4. Overview of the DNFPBs; 1.5. Overview of commercial laws and mechanisms governing legal persons and arrangements; 1.6. Overview of strategy to prevent money laundering and terrorism financing; 2. LEGAL SYSTEM AND RELATED INSTITUTIONAL MEASURES; 2.1. Criminalization of Money Laundering (R.1 and 2); 2.2. Criminalization of Terrorist Financing (SR.II)

2.3. Confiscation, freezing and seizing of proceeds of crime (R.3)2.4. Freezing of funds used for terrorist financing (SR.III); 2.5. The Financial Intelligence Unit and its Functions (R.26); 2.6. Law enforcement, prosecution and other competent authorities-the framework for the investigation and prosecution of offenses, and for confiscation and freezing (R.27, & 28); 2.7. Cross-Border Declaration or Disclosure (SR.IX); 3. PREVENTIVE MEASURES-FINANCIAL INSTITUTIONS; 3.1. Risk of money laundering or terrorist financing

3.2. Customer due diligence, including enhanced or reduced measures (R.5 to 8)3.3. Third Parties and Introduced Business (R.9); 3.4. Financial Institution Secrecy or Confidentiality (R.4); 3.5. Record-keeping and wire transfer rules (R.10 & SR.VII); 3.6. Monitoring of Transactions and Relationships (R.11 and 21); 3.7. Suspicious Transaction Reports and Other Reporting (R.13-14,19, 25 & SR.IV); 3.8. Internal Controls, Compliance, Audit, and Foreign Branches (R.15 and 22); 3.9. Shell Banks (R.18)

3.10. The Supervisory and Oversight System-Competent Authorities and SROs. Role, Functions, Duties, and Powers (Including Sanctions) (R. 23, 29, 17 and 25)3.11. Money or Value-Transfer Services (SR.VI); 4. PREVENTIVE MEASURES-DESIGNATED NON-FINANCIAL BUSINESSES AND PROFESSIONS; 4.1. Customer Due Diligence and Record keeping (R.12); 4.2. Suspicious Transaction Reporting (R.16); 4.3. Regulation, Supervision, and Monitoring (R.24-25); 4.4. Other Non-Financial Businesses and Professions-Modern, Secure Transaction Techniques (R.20); 5. LEGAL PERSONS AND ARRANGEMENTS & NON-PROFIT ORGANIZATIONS

5.1. Legal Persons-Access to Beneficial Ownership and Control Information (R.33)5.2. Legal Arrangements-Access to Beneficial Ownership and Control Information (R.34); 5.3. Non-Profit Organisations (SR.VIII); 6. NATIONAL AND INTERNATIONAL CO-OPERATION; 6.1. National Co-Operation and Coordination (R.31 & R. 32); 6.2. The Conventions and UN Special Resolutions (R.35 & SR.I); 6.3. Mutual Legal Assistance (R.36-38, SR.V); 6.4. Extradition (R.37, 39, SR.V); 6.5. Other Forms of International Co-Operation (R.40 & SR.V); 7. OTHER ISSUES; 7.1. Resources and Statistics

7.1.1. Other relevant AML/CFT Measures or Issues

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed September 23, 2014).

ISBN:

9786613864970

9781463990794

1463990790

9781463938314

1463938314

9781283552523

1283552523

9781463995386

1463995385