Bolivia: Report on the Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
October 3, 2003
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Bolivia’s system to prevent and suppress money laundering fulfills most of the Financial Sanctions Related to Terrorism and Terrorist Financing (FATF) recommendations and applies to the insurance, stock market, and financial sectors. However, the system does not include other activities that are susceptible to money laundering. The institutional regulatory and financial intelligence responsibilities for combating money laundering are concentrated in the Bolivian Financial Intelligence Unit. Bolivia should continue to improve the legislation aimed at combating this offense, and strengthen the imposition and supervision of controls.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Money laundering, Terrorism, Terrorism financing
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), authority, CR, Europe, FIU, FIU budget, FIU plan, FIU staff capability, FIU's responsibility, ISCR, Money laundering, offense, offense of financing terrorism, offense of terrorism, predicate offense, South America, supervision, Terrorism, terrorism finance, Terrorism financing
Pages:
16
Volume:
2003
DOI:
Issue:
307
Series:
Country Report No. 2003/307
Stock No:
1BOLEA0042003
ISBN:
9781451805772
ISSN:
1934-7685
