Chile: Report on the Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
March 30, 2005
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This report assesses the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) in Chile. Banking secrecy provisions continue to limit the ability of Chile to investigate and disclose potential money laundering offences and, thereby, to provide effective international cooperation through the financial intelligence unit. Provisions are available for mutual legal assistance but they are cumbersome. The expanded AML/CFT regime introduced by Law 19.913 is too recent to permit any conclusions about the effectiveness of its implementation.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Currency markets, Financial markets, Legal support in revenue administration, Money laundering, Revenue administration
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), confiscation regulation, CR, Currency markets, financing, GAFISUD, ISCR, Legal support in revenue administration, legal system, Money laundering, money laundering offense, offense, predicate offense, regulation, South America, supervision system
Pages:
12
Volume:
2005
DOI:
Issue:
120
Series:
Country Report No. 2005/120
Stock No:
1CHLEA2005001
ISBN:
9781451807622
ISSN:
1934-7685
