Palau: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism
IMF Staff Country Reports, January 13, 2009
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- Palau: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism
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Bibliographic details
- Published: January 13, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451831580.002
Key findings
- Palau’s Detailed Assessment Report on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) has been examined.
- Palau has strengthened its AML/CFT legislative framework that has been in place since 2001.
- The offense of money laundering is criminalized in the Money Laundering and Proceeds of Crime Act of 2001 (MLPCA).
Legal and legislative developments
- Amendments to the Money Laundering and Proceeds of Crime Act of 2001 (MLPCA).
- Amendments to the Financial Institutions Act of 2001.
- Enactment of the Counter-Terrorism Act of 2007.
- Enactment of the Cash Courier Disclosure Act of 2007.
Thematic coverage (subjects highlighted in the report)
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Crime
- Legal support in revenue administration
- Money laundering
- Revenue administration
- Terrorism
- Terrorism financing
Keywords and technical terms present in the assessment
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- arms trafficking
- cash dealer
- CFT law
- court order
- CR
- criminal code
- ISCR
- Legal support in revenue administration
- Money laundering
- money laundering offense
- Pacific Islands
- predicate offense
- Terrorism
- Terrorism financing
Palau: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism