Uruguay: Report on the Observance of Standards and Codes on Anti-Money Laundering and Combating the Financing of Terrorism

December 12, 2006

Preview Citation

Format: Chicago

Uruguay: Report on the Observance of Standards and Codes on Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2006) accessed November 21, 2024

Summary

This report provides a summary of the level of observance with the Financial Action Task Force (FATF) and recommendations to strengthen their observance. IMF staff reviewed the institutional framework, relevant laws, regulations, guidelines, and other requirements to deter money laundering (ML) and financing of terrorism (FT) through financial institutions (FIs) and designated nonfinancial businesses and professions (DNFBPs). The assessment is based on the information available at the time of the on site visit by the team. During the mission, there was one ML prosecution under way, but previously there had been no ML prosecutions.

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

Keywords: Anti-Money Laundering, Anti-money laundering and combating the financing of terrorism (AML/CFT), Authority, CFT, CFT legislation, CFT obligation, CFT supervision, CFT system, CFT-CDD system, CR, Fund staff, Government of Uruguay, ISCR, Legal support in revenue administration, Money laundering, Prosecution authority, Response to the assessment, South America, Supervision of the securities sector, Terrorism, Terrorism financing, Training of BCU examiner, Uruguayan authorities

Publication Details

Pages:

21
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/435
Stock No:

1URYEA2006005
ISBN:

9781451839371
ISSN:

1934-7685

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