IMF Staff Country Reports

Central African Economic and Monetary Community: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

Publication Date:

August 28, 2006

Electronic Access:

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Summary:

The report provides a summary of the level of compliance at the Central African Economic and Monetary Community (CEMAC) regional level and provides recommendations to improve compliance. The assessment focuses on the regional Anti-Money Laundering and Combating the Financing of Terrorism (AML-CLT) framework and its conformity with international standard. The paper reviews the institutional framework, laws, regulations, guidelines, and other requirements, and the regulatory and other systems in place to deter money laundering and the financing of terrorism through financial institutions and designated non-financial businesses (DNFBPs). It also examines the capacity, implementation, and effectiveness of all these systems.

Series:

Country Report No. 2006/322

Subject:

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

Notes:

Also available in French