Framework Administered Account for Selected Fund Activities- Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Subaccount
Policy Papers, March 27, 2009
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Bibliographic details
- Published: March 27, 2009
- Series: Policy Papers
Background
- In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the “SFA Instrument”).
- Financing under the SFA Instrument is implemented through the establishment and operation of subaccounts within the SFA.
- The AML/CFT Topical Trust Fund (“TTF”) subaccount would be the second subaccount established under the SFA.
Purpose and Scope of the Proposed Subaccount
- The proposed Subaccount is the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Topical Trust Fund (“TTF”).
- The Subaccount would administer external financial resources to support selected Fund activities related to AML/CFT.
Request to the Executive Board
- This paper requests Executive Board approval to establish the AML/CFT TTF subaccount (the “Subaccount”) under the terms of the SFA Instrument.
Subject Tags (as listed)
- Administered accounts
- Anti-money laundering
- Cofinancing Trust Accounts
- Combating the financing of terrorism
- Executive Board decisions
- External financing
- Lapse of time approval
Source: Framework Administered Account for Selected Fund Activities- Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Subaccount, March 27, 2009.