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

Author/Editor:

International Monetary Fund

Publication Date:

July 31, 2009

Electronic Access:

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Summary:

This paper discusses key findings of the detailed assessment report on antimoney laundering and combating the financing of terrorism (AML/CFT) for Paraguay. The assessment reveals that there are significant gaps in Paraguay’s AML/CFT framework, and the level of awareness of money laundering/financing of terror risks is low in both the public and private sectors. The country falls well short of complying with most of the Financial Action Task Force recommendations. There are also no provisions that would allow the authorities to freeze suspected terrorist assets in accordance with the relevant UN Security Council Resolutions.

Series:

Country Report No. 09/235

Subject:

English

Publication Date:

July 31, 2009

ISBN/ISSN:

9781451941234/1934-7685

Stock No:

PRYEA2009004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

252

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