Implementing AML/CFT Measures in the Precious Minerals Sector : Preventing Crime While Increasing Revenue

Author/Editor:

Emmanuel Mathias ; Bert Feys

Publication Date:

November 7, 2014

Electronic Access:

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Disclaimer: This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this Note are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

The trade in precious metals and stones has been linked to illicit financial flows, corruption, smuggling, drug trafficking, illicit arms trafficking, and the financing of terrorism. In addition, the extraction of precious minerals and the subsequent trade in these resources, if properly managed, present significant revenue opportunities, particularly for countries facing development needs. Building on staff expertise in anti-money laundering and combating the financing of terrorism (AML/CFT) and technical support and analytical advice on the management of natural resources, this note is a reference guide to aid countries in using the AML/CFT framework to help combat crime related to and affecting the precious minerals sector while raising revenue.

Series:

Technical Notes and Manuals No. 2014/01

Subject:

English

Publication Date:

November 7, 2014

ISBN/ISSN:

9781498338035/2075-8669

Stock No:

TNMEA2014001

Price:

$10.00 (Academic Rate:$10.00)

Format:

Paper

Pages:

31

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