Financial Intelligence Units: An OverviewInternational Monetary Fund, 2004 M06 17 - 144 pages 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. |
Contents
III | 3 |
IV | 6 |
VI | 7 |
VII | 19 |
VIII | 25 |
IX | 30 |
X | 35 |
XII | 36 |
XXIV | 88 |
XXV | 90 |
XXVIII | 91 |
XXIX | 94 |
XXX | 97 |
XXXI | 98 |
XXXIII | 101 |
XXXIV | 104 |
XIII | 59 |
XIV | 63 |
XV | 73 |
XVII | 77 |
XVIII | 81 |
XIX | 82 |
XX | 83 |
XXI | 85 |
XXIII | 86 |
XXXVII | 109 |
XXXIX | 112 |
XLII | 114 |
XLIII | 118 |
XLVI | 128 |
XLIX | 129 |
LI | 131 |
LII | 132 |
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Common terms and phrases
administrative Administrative-type FIUS AML/CFT requirements analysis analyze Anti-Money Laundering anti-money-laundering Article assessments Belgium Bulgaria casinos combat money laundering competent authorities compliance confidentiality core functions Council of Europe countries criminal activity Czech Republic databases dissemination domestic Egmont Group enforcement ensure Establishing an FIU European Union example exchange information exchange of information fight against money financial crime financial disclosures financial information financial institutions Financial Intelligence Units financial sector financial system financing of terrorism FinCEN FIU staff FIU's foreign FIU government agencies implementing information exchange Intelligence Unit FIU involved issued jurisdictions laundering and terrorist law-enforcement agencies legislation Monaco money-laundering monitor negotiable instruments operational paragraph Prevention Principles Proceeds of Crime received regulations relevant report suspicious transactions report transactions reporting entities reporting institutions reporting obligation requesting FIU responsible sanctions Slovenia standard supervision supervisors suspected suspicion suspicious-transaction reports terrorism financing terrorist financing Transaction Reports World Bank