Maldives: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

January 4, 2012

Summary

The Maldives has taken steps to lay down the foundations of an antimoney laundering and counterterrorist financing (AML/CFT) framework. This report summarizes the AML/CFT measures that were in place in the Maldives at the time of the onsite visit (October 17–28, 2010) and shortly thereafter. The report describes and analyzes these measures and offers recommendations on how to strengthen certain aspects of the AML/CFT system. It also assesses the Maldives’ level of compliance with the Recommendations of the Financial Action Task Force (FATF).

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing

Keywords: AML regulation, Anti-money laundering and combating the financing of terrorism (AML/CFT), Asia and Pacific, banking sector, CFT requirement, CR, credit card, criminal activity, criminal offense, cyber crime, drug trafficking, due diligence, ISCR, Legal support in revenue administration, Money laundering, penal code, South Asia, Terrorism financing, terrorist financing

Pages:
240
Volume:
2012
DOI:
https://doi.org/10.5089/9781463929862.002
Issue:
001
Series:
Country Report No. 2012/001
Stock No:
1MDVEA2012001
ISBN:
9781463929862
ISSN:
1934-7685

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