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

Author/Editor:

International Monetary Fund

Publication Date:

January 30, 2009

Electronic Access:

Free Full Text (PDF file size is 786 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This report focuses on the observance of standards and codes on the Financial Action Task Force on Money Laundering (FATF) recommendations for antimoney laundering and combating the financing of terrorism (AML/CFT) in Greece. It reveals that Greece’s legal requirements in place to combat money laundering and terrorist financing are generally inadequate to meet FATF standards. There are some serious concerns about the effectiveness of the AML/CFT system in place. The preventive system that deals with customer identification is generally insufficient and not in line with international standards.

Series:

Country Report No. 09/31

Subject:

English

Publication Date:

January 30, 2009

ISBN/ISSN:

9781451816310/1934-7685

Stock No:

1GRCEA2009001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

33

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