Central African Economic and Monetary Community: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
August 28, 2006
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The report provides a summary of the level of compliance at the Central African Economic and Monetary Community (CEMAC) regional level and provides recommendations to improve compliance. The assessment focuses on the regional Anti-Money Laundering and Combating the Financing of Terrorism (AML-CLT) framework and its conformity with international standard. The paper reviews the institutional framework, laws, regulations, guidelines, and other requirements, and the regulatory and other systems in place to deter money laundering and the financing of terrorism through financial institutions and designated non-financial businesses (DNFBPs). It also examines the capacity, implementation, and effectiveness of all these systems.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing
Keywords: AML-CFT, Anti-money laundering and combating the financing of terrorism (AML/CFT), authority, CEMAC authority, CEMAC regulation, COBAC regulation, CR, due diligence, Europe, financial institution, ISCR, Legal support in revenue administration, member country, member state, Money laundering, rule, Terrorism financing, West Africa
Pages:
21
Volume:
2006
DOI:
Issue:
322
Series:
Country Report No. 2006/322
Stock No:
1CAEEA2006004
ISBN:
9781451806557
ISSN:
1934-7685
Notes
Also available in French
