Suriname: Technical Assistance Report-Strengthening the AML/CFT Legal Framework and Developing a Risk-based Approach to AML/CFT Supervision—Central Bank of Suriname
Technical Assistance Reports, July 12, 2024
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- Suriname: Technical Assistance Report-Strengthening the AML/CFT Legal Framework and Developing a Risk-based Approach to AML/CFT Supervision—Central Bank of Suriname
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Bibliographic details
- Published: July 12, 2024
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400283505.019
Mission context and purpose
- Mission undertaken in the context of a capacity development (CD) project that assisted the authorities to enact a new AML/CFT law in November 2022 and amend AML/CFT secondary legislation and related components of sectoral legislation.
- Objective: support the authorities’ continued initiatives to strengthen the legal framework and the existing supervisory arrangements in place at the Centrale Bank van Suriname (CBvS).
Main activities and review focus
- Reviewed further amendments made to the AML/CFT law: Wet ter Voorkoming en bestrijding van Money Laundering en Terrorisme Financiering (WMTF).
- Reviewed a directive developed by the CBvS: “Richtlijn AML/CFT”.
- Proposed amendments to a newly developed AML/CFT supervision manual: “Handboek AML/CFT Toezicht”.
- Proposed the set-up of an institutional money laundering/terrorism financing (ML/TF) risk matrix as a key component of the CBvS’ AML/CFT supervisory framework.
Key findings (as presented)
- The authorities enacted a new AML/CFT law in November 2022 and have amended secondary and sectoral legislation.
- CBvS has developed a directive (“Richtlijn AML/CFT”) and a supervision manual (“Handboek AML/CFT Toezicht”).
- Establishing an institutional ML/TF risk matrix is identified as a core element of a risk-based AML/CFT supervisory framework.
Subject matter and keywords
- Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Richtlijn AML, risk matrix, supervisory activity, supervisory arrangement, supervisory framework
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