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ARTICLE V, SECTION 2(b) |
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Technical and Financial Services | ||||
Technical Services | ||||
Anti-Money Laundering and Combating the Financing of Terrorism | ||||
Summing Up by the Acting Chair—Anti-Money Laundering and Combating the Financing of Terrorism—Proposals to Assess a Global Standard and to Prepare ROSCs, Executive Board Meeting 02/80, July 26, 2002 … In moving forward, Directors emphasized that the following four key principles should guide the Fund’s role in AML/CFT assessments and accompanying ROSCs:
…. Directors endorsed the proposal to use two approaches to conduct the assessments:
… Directors emphasized the importance of the delivery of technical assistance to help countries address gaps in the AML/CFT frameworks that are identified in assessments, and the associated allocation of additional resources to this effort. However, it was stressed that this should not come at the expense of more traditional core technical assistance. … BUFF/02/118 August 26, 2002 |
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Prepared by the Legal Department of the IMF
Note
- Page number references in the text are to the Forty-Second issue hard copy volume.