Anti-Money Laundering and Combating the Financing of Terrorism - Inclusion in Surveillance and Financial Stability Assessments - Guidance Note
Policy Papers, December 17, 2012
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Bibliographic details
- Published: December 17, 2012
- Series: Policy Papers
Summary
- Provides guidance on the inclusion of AML/CFT issues in surveillance and financial stability assessments (FSAs).
- Offers a framework for treating cases where money laundering or terrorist financing (ML/TF) and related underlying crimes (i.e., “predicate crimes” or “predicate offenses”) are so serious as to:
- threaten domestic stability,
- threaten balance of payments stability,
- threaten the effective operation of the International Monetary System—IMS— (in the case of Article IV surveillance), or
- threaten the stability of the domestic financial system (in the case of FSAs).
Framework and Scope
- Focus: cases in which ML/TF and related predicate crimes reach a level of seriousness that implicates macroeconomic or financial-stability objectives.
- Treatment objective: determine when AML/CFT issues should be integrated into IMF surveillance (including Article IV) and FSAs based on their potential systemic effects.
Application to Surveillance (including Article IV) and FSAs
- Surveillance (Article IV):
- Include AML/CFT considerations when ML/TF and predicate crimes threaten balance of payments stability or the effective operation of the IMS.
- Financial Stability Assessments (FSAs):
- Include AML/CFT considerations when ML/TF and predicate crimes threaten the stability of the domestic financial system.
- Decision criteria:
- The guidance provides a framework to assess seriousness and systemic implications of ML/TF and predicate crimes to inform inclusion in IMF activities.
Subjects and Themes Covered
- Anti-money laundering
- Article IV consultations
- Balance of payments
- Combating the financing of terrorism
- Financial system stability assessment
- International monetary system
- Money laundering
- Surveillance
Publication note
- Title: Anti-Money Laundering and Combating the Financing of Terrorism - Inclusion in Surveillance and Financial Stability Assessments - Guidance Note
- Date shown on page: December 17, 2012
International Monetary Fund — Anti-Money Laundering and Combating the Financing of Terrorism - Inclusion in Surveillance and Financial Stability Assessments - Guidance Note
Content in this bundle
- _121412a - Executive Summary