Financial Intelligence Units: An Overview

June 17, 2004

Preview Citation

Format: Chicago

Financial Intelligence Units: An Overview, (USA: International Monetary Fund, 2004) accessed November 24, 2024

Summary

Over the past decade and beyond, the need for a modern anti-money-laundering strategy has become widely accepted internationally. Depriving criminal elements of the proceeds of their crimes has increasingly been seen as an important tool to combat drug trafficking and, more recently, as a critical element in fighting organized crime, corruption, and the financing of terrorism, and maintaining the integrity of financial markets. The first few financial intelligence units (FIUs) were established in the early 1990s in response to the need for countries to have a central agency to receive, analyze, and disseminate financial information to combat money laundering. Over the ensuing period, the number of FIUs has continued to increase, reaching 84 in 2003. This handbook responds to the need for information on FIUs. It provides references to the appropriate Financial ActionTask Force (FATF) standards wherever appropriate.

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

Keywords: Africa, Anti-money laundering and combating the financing of terrorism (AML/CFT), Anti-money-laundering strategy, Barbados FIU, Caribbean, FATF recommendation, FIU, FIU design, FIU intelligence, FIU official, FIU staff, Functions present, Global, Information, Legal support in revenue administration, M&G, Money laundering, Requesting FIU, Terrorism financing

Publication Details

Pages:

144
Volume:

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DOI:

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Issue:

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Series:

Manuals & Guides
Stock No:

FIUOEA
ISBN:

9781589063495
ISSN:

2663-3744

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