{
  "title": "Nordic-Baltic Regional Report: Technical Assistance Report-Nordic-Baltic Technical Assistance Project Financial Flows Analysis, AML/CFT Supervision, and Financial Stability",
  "publication": "IMF Staff Country Reports, September 4, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2023/09/01/nordic-baltic-regional-report-technical-assistance-report-nordic-baltic-technical-538762",
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  "summary": "This paper presents a regional report on Nordic-Baltic technical assistance project: financial flows analysis, Anti-Money Laundering and combating the Financing of Terrorism (AML/CFT) Supervision, and Financial Stability.",
  "sections": [
    {
      "heading": "Scope and purpose",
      "content": "- Presents a regional report on the Nordic-Baltic technical assistance project: financial flows analysis, Anti-Money Laundering and combating the Financing of Terrorism (AML/CFT) Supervision, and Financial Stability.\n- Purpose: to conduct an analysis of cross-border ML threats and vulnerabilities in the Nordic-Baltic region and issue a final report containing recommendations for mitigating the potential risks.\n- Geographic scope: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden (the Nordic-Baltic Constituency or NBC)."
    },
    {
      "heading": "Data and methodology",
      "content": "- Financial flows analysis is based on the IMF staff’s analysis of cross-border payments data.\n- Monitoring cross-border financial flows is emphasized as a tool to gain a deeper understanding of external ML threat environment and evolving cross-border related risks."
    },
    {
      "heading": "Key findings and statistics",
      "content": "- Six out of the eight Nordic-Baltic countries have seen an increase in aggregate flows since 2013.\n- Report length: 115 pages.\n- Publication date: September 4, 2023.\n- Volume: 2023; Issue: 320; Series: Country Report No. 2023/320.\n- DOI: https://doi.org/10.5089/9798400252389.002\n- Stock No: 1EUREA2023003\n- ISBN: 9798400252389\n- ISSN: 1934-7685"
    },
    {
      "heading": "Analysis highlights and thematic emphasis",
      "content": "- Cross-border ML/TF risk: Leveraging broader analysis of ML/TF cross-border risk, the Nordic-Baltic countries should develop their own understanding of higher-risk countries reflecting country-specific ML/TF threats.\n- Supervisory and stability linkages: The project links financial flows analysis with AML/CFT supervision and financial stability considerations to inform policy and supervisory responses."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Correspondent banking, Crime, Financial sector policy and analysis, Financial sector stability, Financial services, Internal controls, International organization, Monetary policy, Revenue administration, Technology, Virtual currencies\n- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Baltics, colleges participation, Correspondent banking, EU Anti-Money Laundering Authority, Financial sector stability, Global, information Sharin, Internal controls, supervisory cooperation, TF risk, TF risk assessment, Virtual currencies\n\nInternational Monetary Fund. Nordic-Baltic Regional Report: Technical Assistance Report-Nordic-Baltic Technical Assistance Project Financial Flows Analysis, AML/CFT Supervision, and Financial Stability, IMF Staff Country Reports 2023, 320 (2023).\n\n---\n\n Content in this bundle\n\n- 1eurea2023003\n  - 1eurea2023003 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1eurea2023003 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 4, 2023",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400252389.002",
    "Presents a regional report on the Nordic-Baltic technical assistance project: financial flows analysis, Anti-Money Laundering and combating the Financing of Terrorism (AML/CFT) Supervision, and Financial Stability.",
    "Purpose: to conduct an analysis of cross-border ML threats and vulnerabilities in the Nordic-Baltic region and issue a final report containing recommendations for mitigating the potential risks.",
    "Geographic scope: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden (the Nordic-Baltic Constituency or NBC).",
    "Financial flows analysis is based on the IMF staff’s analysis of cross-border payments data.",
    "Monitoring cross-border financial flows is emphasized as a tool to gain a deeper understanding of external ML threat environment and evolving cross-border related risks.",
    "Six out of the eight Nordic-Baltic countries have seen an increase in aggregate flows since 2013.",
    "Report length: 115 pages.",
    "Publication date: September 4, 2023.",
    "Volume: 2023; Issue: 320; Series: Country Report No. 2023/320.",
    "DOI: https://doi.org/10.5089/9798400252389.002",
    "Stock No: 1EUREA2023003",
    "ISBN: 9798400252389",
    "ISSN: 1934-7685",
    "Cross-border ML/TF risk: Leveraging broader analysis of ML/TF cross-border risk, the Nordic-Baltic countries should develop their own understanding of higher-risk countries reflecting country-specific ML/TF threats.",
    "Supervisory and stability linkages: The project links financial flows analysis with AML/CFT supervision and financial stability considerations to inform policy and supervisory responses.",
    "Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Correspondent banking, Crime, Financial sector policy and analysis, Financial sector stability, Financial services, Internal controls, International organization, Monetary policy, Revenue administration, Technology, Virtual currencies",
    "Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Baltics, colleges participation, Correspondent banking, EU Anti-Money Laundering Authority, Financial sector stability, Global, information Sharin, Internal controls, supervisory cooperation, TF risk, TF risk assessment, Virtual currencies",
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