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Implementing FATF standards in developing countries and financial inclusion : findings and guidelines

Bester, Hennie, Chamberlain, Doubell, de Koker, Louis, Hougaard, Christine, Short, Ryan, Smith, Anja and Walker, Richard 2008, Implementing FATF standards in developing countries and financial inclusion : findings and guidelines, February 2008, Version 5.2 ed., Genesis Analytics, Johannesburg, South Africa.

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Title Implementing FATF standards in developing countries and financial inclusion : findings and guidelines
Alternative title Implementing FATF standards in developing countries and financial inclusion : final report
Author(s) Bester, Hennie
Chamberlain, Doubell
de Koker, Louis
Hougaard, Christine
Short, Ryan
Smith, Anja
Walker, Richard
Publication date 2008
Total pages xi, 189 p.
Publisher Genesis Analytics
Place of Publication Johannesburg, South Africa
Summary This report, emanating from a project commissioned by the FIRST Initiative, considers the impact of the implementation of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) controls on financial inclusion in five countries (Indonesia, Kenya, Mexico, Pakistan and South Africa). Based on these findings, it develops a set of guidelines to assist the authorities in developing countries to design effective AML/CFT regimes that are compliant with Financial Action Task Force (FATF) standards and supports financial inclusion.
The report and guidelines will be of benefit to countries striving towards the dual goals of protecting their institutions against money laundering and the financing of terrorism as well as extending financial inclusion, irrespective of whether protective measures are being considered in the process of implementing or amending AML/CFT controls to meet the Forty Nine Recommendations of the FATF or in order to meet other, related international requirements, such as those set out in the 2000 United Nations Convention on Transnational Organised Crime or the 2003 United Nations Convention Against Corruption.
The project was supervised and guided by a steering committee consisting of representatives from the FIRST Management Unit, World Bank, International Monetary Fund (IMF), the UK’s Department for International Development (DFID), the Consultative Group to Assist the Poor (CGAP), the South African National Treasury, the FinMark Trust and Professor Nikos Passas, an acknowledged world expert on AML/CFT standards and implementation.
Edition February 2008, Version 5.2
Language eng
Field of Research 180119 Law and Society
Socio Economic Objective 940499 Justice and the Law not elsewhere classified
HERDC Research category A4.1 Major research monograph
Copyright notice ©2008, Genesis Analytics
Persistent URL http://hdl.handle.net/10536/DRO/DU:30016859

Document type: Book
Collections: School of Law
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.