Mr. Kevin Rose, Workshop Coordinator; Resource Persons; Participants; Ladies and Gentlemen.
|
|
- Darcy Heath
- 5 years ago
- Views:
Transcription
1 SPEECH BY HON. ABDISALAAM ISSA KHATIBU (MP) DEPUTY MINISTER FOR FINANCE, AT OFFICIAL OPENING OF TRAINING WORKSHOP ON ANTI-MONEY LAUNDERING AND COMBATING FINANCING OF TERRORISM, FINANCIAL CRIME AWARENESS AND PREVENTION ORGANIZED BY DOWNTONHILL DAR ES SALAAM 23 RD JULY, 2007 Mr. Kevin Rose, Workshop Coordinator; Resource Persons; Participants; Ladies and Gentlemen. It is a great honor and privilege for me to be here today to officiate at this important workshop. I wish to thank Hon. Zakia Hamdani Meghji, (MP) Minister for Finance for nominating me to represent her at this occasion. May I take this opportunity on behalf of the Government of the United Republic of Tanzania to express my sincere appreciation to M/S DowntonHill for offering to organize this important training in Tanzania. The training on Anti-Money Laundering and Combating Page 1 of 6
2 Financing of Terrorism, Financial Crime Awareness and Prevention is taking place at a very opportune time as Tanzania s Anti-Money Laundering Act 2006 became operational on 1 st July, Ladies and Gentlemen, crime and financial crime in particular can only be comprehensively defeated in a country if there is clear and sustainable partnership developed between the public and private sector in developing policies, laws, regulation and industry practices that address this challenge in a cohesive way. I believe that the success of any national strategy to fight financial crime and its related activities such as money laundering and financing terrorism lies in the ability of the country to have effective legal, regulatory and preventative measures. But perhaps of greater significance/importance is the existence in the regime of strong and capable enforcement mechanisms so that whenever the law is violated the systems is able to investigate, apprehend, successfully prosecute and punish those who attempt to benefit from the proceeds of criminal activities. As you are all aware, most crime is motivated by profit. Finance crime, where it thrives is a vehicle for super profits. Criminals are able to profit from the proceeds of their crime when they successfully launder these proceeds into the formal sector of the economy. Those who are bent towards distabilizing civil societies and spreading anarchy in society would fund terrorist activities to wage war Page 2 of 6
3 on innocent people and to erode the authority of legitimate governments. Where crime thrives legitimate and progressive governments have no place. Ladies and Gentlemen, the pursuit and recovery of the proceeds of financial crime can therefore make significant contribution to crime reduction and the creation of a safe and just society. Tanzania has a fast evolving financial sector that has been growing steady since the mid 1980s. Tanzania has over 20 banks, a fast growing capital market, insurance sector and other forms of financial services. The government policy is geared towards the encouragement of the growth and expansion of competitive financial sector in the years ahead. This poses a major challenge of ensuring that all stakeholders in the sector keep ahead of the growing threat posed by financial crime. It is in this context that I particularly welcome this training workshop which as the brochure indicates brings together stakeholders in a new ethnos of public private sector cooperation. Ladies and Gentlemen, Tanzania has recently enacted the Prevention and Combating Corruption Act, 2007, to compliment the Anti - Money Laundering Act other legislations are; - The Prevention of Terrorism Act 2001, - The Bank of Tanzania Act 2006, Page 3 of 6
4 - The Banking and Financial Institutions Act 2006, - The Proceeds of Crime Act, CAP 256, - The Economic and Organized Crime Control Act CAP The Mutual Assistance in Criminal Matters Act, CAP 250 In this regard Tanzania is confident that these pieces of legislations can assist in minimizing financial crime and money laundering. We however, have a major challenge ahead of us of making the legal regime to work successfully. With appropriate cooperation with the private sector, I believe Tanzania should be able as a country to develop effective regulatory framework competence and efficiency in both the concerned public and private sector stakeholders to get rid of financial crime in our institutions and society. One of the key institution to be created by the 2006 Anti-Money Laundering Act is the Financial Intelligence Unit (FIU) that is charged with the responsibility of receiving, analyzing and disseminating suspicious transaction reports and other information regarding potential money laundering or terrorist financing received from reporting institutions and other sources from within and outside Tanzania. All participants in this workshop are key stakeholders, either as reporting persons or enforcement agencies. It is my expectation that the FIU, when fully operational will assist enormously in enabling us to successfully prosecute money launderers. Page 4 of 6
5 I hope that over the next five days of your training, this workshop will highlight ways in which all of you as stakeholders in both public a nd private sector can work effectively with the FIU and other organs in order to improve the capacity of preventing and ultimately eradicating financial crime. I note from the various themes in the topics to be discussed, you will be able to gain comprehensive understanding of the vulnerabilities that we face, preventative measures that need to be put in place, and investigation and prosecuting skills. I believe the Workshop will provide an opportunity for all stakeholders represented here to share experience on the challenges that you are facing in your sector s. It might also be possible to develop national best practices, reflecting the realities in our various sectors. It is my hope that this workshop will not be a one off event but an event that will open up a process of dialogues among the stakeholders represented so that you can all develop the skills to fight financial crime in an incremental way in the months ahead. I would urge all the stakeholders to develop a follow up programme that would ensure that the skills you acquire in this workshop are further disseminated and constantly up-graded. Page 5 of 6
6 Fighting financial crime is a part of Good Governance and a major challenge for us in the months and years ahead, as financial criminals become more sophisticated. It is however, a fight worth taking to its logical conclusion. As stakeholders in the financial sector, we have a challenging period ahead of us in developing Anti Money Laundering and Combating Financing of Terrorism Practices in all our sectors to the standards expected by the international standard setters. I believe that with effort and determination all stakeholders here present can play their role effectively. This workshop provides us with the opportunity to do so. As I draw towards the end of my presentation, allow me to recognize and extend a heartly welcome to visitors from outside our borders. I hope you will find time outside your busy schedule to sample the truly Tanzanian hospitality that Dar es Salaam has to offer. Feel free to move around the country and enjoy the peace and tranquility that characterized this beautiful nation called Tanzania. Workshop organizers, Resource Persons Participants, Ladies and Gentlemen I now have the pleasure to declare this workshop officially opened. Thank you for your kind attention. 23 rd July 2007 Page 6 of 6
INTER-GOVERNMENTAL ACTION GROUP AGAINST MONEY LAUNDERING AND TERRORIST FINANCING IN WEST AFRICA (GIABA)
Keynote Remarks by Director General of GIABA, at the Sensitisation Workshop in Benin Republic Keynote Remarks by Director General of GIABA, at the opening ceremony of the Sensitisation Workshop on the
More informationREPUBLIC OF KENYA. STATEMENT Kenya Country Statement delivered during UNCAC BY
REPUBLIC OF KENYA STATEMENT Kenya Country Statement delivered during UNCAC BY HON. KENNETH LUSAKA, CBS, MP SPEAKER OF THE SENATE & LEADER OF DELEGATION 7 TH SESSION OF THE CONFERENCE OF STATES PARTIES
More informationPapali I T Scanlan: Preventing money laundering and financing of terrorism in Samoa
Papali I T Scanlan: Preventing money laundering and financing of terrorism in Samoa Speech by Mr Papali I T Scanlan, Governor of the Central Bank of Samoa, at the Anti-Money Laundering and Countering Terrorist
More informationTHE KINGDOM OF LESOTHO ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM REGIME
THE KINGDOM OF LESOTHO ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM REGIME ----------------------------------------------------------------- NATIONAL STRATEGY JANUARY 2010 1 TABLE OF
More informationMr Chua Kim Leng, Special Advisor (Financial Supervision Group), Monetary Authority of Singapore
SPEECH BY MR DAVID CHEW, DIRECTOR, COMMERCIAL AFFAIRS DEPARTMENT, SINGAPORE POLICE FORCE, AT THE AML/CFT INDUSTRY PARTNERSHIP ( ACIP ) DIALOGUES ON MONDAY, 14 MAY 2018 Mr Chua Kim Leng, Special Advisor
More informationPublic Conference The fight against Money Laundering and Terrorist Financing Brussels, 15 March 2013
Public Conference The fight against Money Laundering and Terrorist Financing Brussels, 15 March 2013 14.30 15.45 Session 3 : Future challenges for the AML/CFT framework John Hogan, Head of Banking Directorate,
More informationPRESENTATION BY RUMEN PETKOV. Mr. Rumen Petkov, Minister of Interior, delivered his speech:
Mr. Rumen Petkov, Minister of Interior, delivered his speech: Ladies and Gentlemen, Thank you for the opportunity to welcome the participants in the 6 th Training seminar of the OLAF Anti-Fraud Communicators
More informationGD 2017/0059 ISLE OF MAN FINANCIAL INTELLIGENCE UNIT Strategic Delivery Plan June 2017
GD 2017/0059 ISLE OF MAN FINANCIAL INTELLIGENCE UNIT Strategic Delivery Plan 2017-18 June 2017 CONTENTS Foreword...3 Introduction...4 Who we are...4 What we do...5 2 Strategic Objectives, as identified
More informationTHE OFFICE OF THE DIRECTOR OF PUBLIC PROSECUTIONS
THE OFFICE OF THE DIRECTOR OF PUBLIC PROSECUTIONS Compliance and Corruption: A Fijian Perspective An Address by the Fijian Director of Public Prosecutions, Mr Christopher Pryde, for the Thirty-Third International
More informationThe Financial Intelligence Service
Guernsey Authorities Official Guernsey Government Website: http://www3.gov.gg/ccm/navigation/government/ Financial Investigation Unit (FIU) Website: http://www.guernseyfiu.gov.gg/ The Financial Intelligence
More informationMoney Laundering And The Proceeds Of Crime
Money Laundering And The Proceeds Of Crime www.baldwinsaccountants.co.uk I t: 0845 894 8966 I e: info@baldwinandco.co.uk There are tough rules to crack down on money laundering and the proceeds of crime.
More informationANTI-MONEY LAUNDERING AND COUNTER FINANCING OF TERRORISM (AML/CFT): TANZANIA PERSPECTIVE
ANTI-MONEY LAUNDERING AND COUNTER FINANCING OF TERRORISM (AML/CFT): TANZANIA PERSPECTIVE S.E. Nyakulinga Assistant Commissioner of Police Money Laundering & Asset Recovery Investigation Unit Outline Definition
More informationThe Role of Accountants in the Fight against Money Laundering
The Role of Accountants in the Fight against Money Laundering Presentation by: Felicity Banks Head of Business Law Institute of Chartered Accountants in England & Wales Money Laundering and Terrorist Financing
More informationWELCOME REMARKS BY Mr. ASSEFA SHIFA, CEO APRM SECRETARIAT. Domaine Les Pailles, Mauritius. 23 April
WELCOME REMARKS BY Mr. ASSEFA SHIFA, CEO APRM SECRETARIAT Domaine Les Pailles, Mauritius 23 April 2012-04-22 1 Honourable Minister of Foreign Affairs, Dr. Arvin Boolell, Dr. Mekideche, Lead Panel Member
More informationObjectives for FATF XXV ( ) Paper by the incoming President
Objectives for FATF XXV (2013-2014) Paper by the incoming President Main tasks for the FATF in 2013-2014, in line with the Ministerial Mandate of 20 April 2012: I. INTRODUCTION Promoting and facilitating
More informationDR. ABDULLAHI SHEHU DIRECTOR GENERAL INTER-GOVERNMENTAL ACTION GROUP AGAINST MONEY LAUNDERING IN WEST AFRICA (GIABA)
TAKING COUNTER-FINANCING OF TERRORISM FORWARD: STRENGTHENING STATES' CAPACITIES AND INTERNATIONAL AND REGIONAL COOPERATION DR. ABDULLAHI SHEHU DIRECTOR GENERAL INTER-GOVERNMENTAL ACTION GROUP AGAINST MONEY
More informationFellow Revenue Administrators, Ladies and Gentlemen,
SPEECH BY MR. M. G. WAWERU, COMMISSIONER GENERAL, KENYA REVENUE AUTHORITY DURING THE OPENING OF THE JOINT IMF EAST AFRITAC/KRA WORKSHOP ON THE CHALLENGES OF ADMINISTERING SMALL AND MEDIUM TAXPAYERS HELD
More informationBOARDS OF GOVERNORS 2000 ANNUAL MEETINGS PRAGUE, CZECH REPUBLIC
BOARDS OF GOVERNORS 2000 ANNUAL MEETINGS PRAGUE, CZECH REPUBLIC INTERNATIONAL MONETARY FUND WORLD BANK GROUP INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION INTERNATIONAL
More informationImproving Global AML/CFT Compliance: On-going Process - 24 February 2017
Improving Global AML/CFT Compliance: On-going Process - 24 February 2017 Paris, France, 24 February 2017 - As part of its on-going review of compliance with the AML/CFT standards, the FATF identifies the
More informationA NATIONAL RISK ASSESSMENT REGARDING AML-CFT
A NATIONAL RISK ASSESSMENT REGARDING AML-CFT Symposium `Enhancing Integrity in the Dutch Caribbean` Aruba, November 15, 2010 Mrs. J.A. Kellermann De Nederlandsche Bank Executive Director Overview Introduction
More informationZIMBABWE NATIONAL ANTI-MONEY LAUNDERING AND COMBATING FINANCING OF TERRORISM STRATEGIC PLAN FOR THE PERIOD:
ZIMBABWE NATIONAL ANTI-MONEY LAUNDERING AND COMBATING FINANCING OF TERRORISM STRATEGIC PLAN FOR THE PERIOD: 2015-2018 JUNE 2015 1 P a g e Table of Contents INTRODUCTION... 3 VISION STATEMENT... 3 MISSION
More informationSpeech at the Public Hearing "Public Procurement: costs we pay for corruption"
EUROPEAN COMMISSION Algirdas Šemeta Commissioner responsible for Taxation and Customs Union, Statistics, Audit and Anti-fraud Speech at the Public Hearing "Public Procurement: costs we pay for corruption"
More informationAnti-money laundering and countering the financing of terrorism the Reserve Bank s responsibilities and approach
Anti-money laundering and countering the financing of terrorism the Reserve Bank s responsibilities and approach Hamish Armstrong Taking action to reduce money laundering and the financing of terrorism
More informationOBJECTIVES FOR FATF XXVII ( )
OBJECTIVES FOR FATF XXVII (2015-2016) PAPER BY THE INCOMING PRESIDENT List of priorities 1. Enhancing FATF and FSRB s efforts in countering terrorist financing 2. Addressing the challenges faced by the
More informationAnti-money laundering thoughts from an AML/CFT supervisor
Anti-money laundering thoughts from an AML/CFT supervisor A speech delivered to the ACAMS 1 and FIU 2 Anti-Money Laundering and Countering Financing of Terrorism Seminar 2013 in Wellington On 20 June 2013
More informationRe: Implications of Fintech Developments for Banks and Bank Supervisors
Robert A. Morgan Vice President Emerging Technologies 202-663-5387 rmorgan@aba.com October 31 st, 2017 Secretariat of the Basel Committee on Banking Supervision Bank for International Settlements CH-4002
More informationCORRUPTION. A Reference Guide and Information Note. on the use of the FATF Recommendations. to support the fight against Corruption
FINANCIAL ACTION TASK FORCE CORRUPTION A Reference Guide and Information Note on the use of the FATF Recommendations to support the fight against Corruption The Financial Action Task Force (FATF) is the
More informationHigh-risk and non-cooperative jurisdictions
High-risk and non-cooperative jurisdictions FATF PUBLIC STATEMENT - 22 February 2013 Paris, 22 February 2013 - The Financial Action Task Force (FATF) is the global standard setting body for anti-money
More informationNATIONAL OFFICE FOR PREVENTION AND CONTROL OF MONEY LAUNDERING
2013 NATIONAL OFFICE FOR PREVENTION AND CONTROL OF MONEY LAUNDERING OPERATIONAL STRATEGY FOR THE PERIOD 2013-2016 The National Office for Prevention and Control of Money Laundering is considering the strategic
More informationCENTRAL BANK OF KENYA
CENTRAL BANK OF KENYA Remarks by PROF. NJUGUNA NDUNG U GOVERNOR CENTRAL BANK OF KENYA at the EAST AFRICA RISK AND GOVERNANCE SUMMIT IN NAIROBI Hilton Hotel, Nairobi Tuesday, 13 th May 2014 Mr. Pawan Hegde,
More informationREPUBLIC OF NAMIBIA NATIONAL STRATEGY ANTI-MONEY LAUNDERING COMBATTING THE FINANCING OF TERRORISM
REPUBLIC OF NAMIBIA NATIONAL STRATEGY ON ANTI-MONEY LAUNDERING AND COMBATTING THE FINANCING OF TERRORISM 2 GLOSSARY AND ABBREVIATIONS ACC AML AMLAC BoN CFT DNFBPs ESAAMLG FATF FI Anti-Corruption Commission
More informationOPENING REMARKS. Caribbean Financial Action Task Force AML/CFT Compliance Conference
OPENING REMARKS at the Caribbean Financial Action Task Force AML/CFT Compliance Conference by Ewart S. Williams Governor, Central Bank of Trinidad and Tobago December 04, 2007 I would like to commend the
More informationFATF Report to the G20 Finance Ministers and Central Bank Governors
FATF Report to the G20 Finance Ministers and Central Bank Governors April 2019 The Financial Action Task Force (FATF) is an independent inter-governmental body that develops and promotes policies to protect
More informationHigh-risk and non-cooperative jurisdictions
High-risk and non-cooperative jurisdictions FATF PUBLIC STATEMENT - 14 February 2014 Paris, 14 February 2014 - The Financial Action Task Force (FATF) is the global standard setting body for anti-money
More informationImproving Global AML/CFT Compliance: on-going process 24 June 2016
Improving Global AML/CFT Compliance: on-going process 24 June 2016 Busan, Korea, 24 June 2016 - As part of its on-going review of compliance with the AML/CFT standards, the FATF identifies the following
More informationSpeech Of H.E. Sultan Bin Nasser Al Suwaidi Governor of Central Bank of the UAE, Chairman of National Anti-Money Laundering Committee
CENTRAL BANK OF THE UAE Anti-Money Laundering & Suspicious Cases C Unit (AMLSCU) مصرف الا مارات العربية المتحدة المرآزيي وحدة مواجهة غسل الا موال والحالات المشبوهة Speech Of H.E. Sultan Bin Nasser Al Suwaidi
More informationImproving Global AML/CFT Compliance: On-going Process - 3 November 2017
Improving Global AML/CFT Compliance: On-going Process - 3 November 2017 Buenos Aires, Argentina, 3 November 2017 - As part of its on-going review of compliance with the AML/CFT standards, the FATF identifies
More informationMay 17, Dear Ms. Pezzack:
Chartered Professional Accountants of Canada 277 Wellington Street West Toronto ON CANADA M5V 3H2 T. 416 977.3222 F. 416 977.8585 www.cpacanada.ca Comptables professionnels agréés du Canada 277, rue Wellington
More informationCHAIRMAN OF THE COUNCIL OF MINISTERS OF THE EAST AFRICAN COMMUNITY 8 AUGUST 2005 EAC HEADQUARTERS, AICC, ARUSHA, TANZANIA
TENTH MEETING OF THE COUNCIL OF MINISTERS OF THE EAST AFRICAN COMMUNITY STATEMENT BY HON. JAKAYA KIKWETE, MP, MINISTER FOR FOREIGN AFFAIRS AND INTERNATIONAL CO-OPERATION, TANZANIA, AND CHAIRMAN OF THE
More informationGIABA Organizes Workshop on Free Trade Zones for Stakeholders
Capacity Building GIABA Organizes Workshop on Free Trade Zones for Stakeholders T he Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) has called on stakeholders in Nigeria's
More informationSPEECH DELIVERED BY FCPA JULIUS MWATU VICE CHAIRMAN. INSTITUTE OFCERTIFIED PUBLIC ACCOUNTANTS OF KENYA-ICPAK, ON WEDNESDAY, 6th DAY OF APRIL 2016,
SPEECH DELIVERED BY FCPA JULIUS MWATU VICE CHAIRMAN INSTITUTE OFCERTIFIED PUBLIC ACCOUNTANTS OF KENYA-ICPAK, ON WEDNESDAY, 6th DAY OF APRIL 2016, DURING THE OFFICIAL OPENING OF ANNUAL PFM CONFERENCE HELD
More informationAC NOTE FICA. What FICA governs and requires
AC NOTE FICA What FICA governs and requires In the past decade South Africa enacted various laws aimed at combating money laundering. The mainly criminal legislation was recently supplemented by the Financial
More informationCouncil of Europe COMMITTEE OF MINISTERS
Word FranГais Explanatory Memorandum Council of Europe COMMITTEE OF MINISTERS Recommendation Rec(2001)11 of the Committee of Ministers to member states concerning guiding principles on the fight against
More informationOrganization of American States OAS Inter-American Drug Abuse Control Commission CICAD. Multilateral Evaluation Mechanism MEM.
Organization of American States OAS Inter-American Drug Abuse Control Commission CICAD Multilateral Evaluation Mechanism MEM Bolivia 2005 PROGRESS REPORT IN DRUG CONTROL IMPLEMENTATION OF RECOMMENDATIONS
More informationDIRECTORATE OF BANKING SUPERVISION
DIRECTORATE OF BANKING SUPERVISION Annual Report 2006 TABLE OF CONTENTS Contents Pages Message from the Director... 1 Chapter One Overview of the Banking Sector and Bureaux De Change in Tanzania... 4
More informationFIRST ROUND MUTUAL EVALUATIONS POST EVALUATION PROGRESS REPORT OF KENYA. Covering the period August 2017 July 2018
FIRST ROUND MUTUAL EVALUATIONS POST EVALUATION PROGRESS REPORT OF KENYA Covering the period August 2017 July 2018 ESAAMLG (2018), First Round Mutual Evaluation Post Evaluation Progress Report of Kenya
More informationANTI-MONEY LAUNDERING POLICY
ANTI-MONEY LAUNDERING POLICY This Policy represents the basic standards of Anti-Money Laundering and Combating Terrorism Financing (hereinafter collectively referred to as AML) procedures of RBFXPRO Limited,
More informationANTI-CORRUPTION BUREAU: BRUNEI DARUSALAM S EFFORT IN IMPLEMENTING UNCAC CH.II & CH.V
ANTI-CORRUPTION BUREAU: BRUNEI DARUSALAM S EFFORT IN IMPLEMENTING UNCAC CH.II & CH.V 13 TH Meeting of the South East Asia Parties Against Corruption( SEA-PAC), Manila, Philippines 27-28 NOVEMBER 2017 BY:
More informationGovernor Statement No. 5 September 23, Statement by the Hon. NGUYEN VAN BINH, Governor of the Fund for VIETNAM
Governor Statement No. 5 September 23, 2011 Statement by the Hon. NGUYEN VAN BINH, Governor of the Fund for VIETNAM Statement by the Hon. Nguyen Van Binh, Governor of the State Bank of Vietnam Mr. Chairman,
More informationFATF Report to the G20 Finance Ministers and Central Bank Governors
FATF Report to the G20 Finance Ministers and Central Bank Governors March 2018 FINANCIAL ACTION TASK FORCE The Financial Action Task Force (FATF) is an independent inter-governmental body that develops
More informationBOARDS OF GOVERNORS 2000 ANNUAL MEETINGS PRAGUE, CZECH REPUBLIC
BOARDS OF GOVERNORS 2000 ANNUAL MEETINGS PRAGUE, CZECH REPUBLIC INTERNATIONAL MONETARY FUND WORLD BANK GROUP INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION INTERNATIONAL
More informationMoney Laundering in the Trinidad & Tobago Securities Sector
Money Laundering in the Trinidad & Tobago Securities Sector J A N U A R Y 7, 2 0 1 5 M A R K E T S E S S I O N - A M L - C F T - T H E M O N E Y, T H E L A W A N D Y O U T R I N I D A D H I L T O N H O
More informationCENTRAL BANK OF KENYA
CENTRAL BANK OF KENYA OPENING REMARKS BY PROF. NJUGUNA NDUNG U GOVERNOR CENTRAL BANK OF KENYA DURING THE EAST AFRICAN LEGISLATIVE ASSEMBLY WORKSHOP ON THE EAST AFRICAN MONETARY UNION Hilton Hotel, Nairobi
More informationCONSULTATION PAPER NO JUNE 2016 PROPOSED CHANGES TO THE ANTI MONEY LAUNDERING, COUNTER- TERRORIST FINANCING AND SANCTIONS MODULE
CONSULTATION PAPER NO. 107 20 JUNE 2016 PROPOSED CHANGES TO THE ANTI MONEY LAUNDERING, COUNTER- TERRORIST FINANCING AND SANCTIONS MODULE CONSULTATION PAPER NO. 107 PROPOSED CHANGES TO THE ANTI MONEY LAUNDERING,
More informationLAW OF MONGOLIA ON COMBATING MONEY LAUNDERING AND TERRORISM FINANCING. Chapter one General provisions
LAW OF MONGOLIA ON COMBATING MONEY LAUNDERING AND TERRORISM FINANCING Chapter one General provisions Article 1. The purpose of the law 1. The purpose of this law is to regulate relations, concerned with
More informationStatutory Review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act
i Submission of the Federation of Law Societies of Canada to the House of Commons Standing Committee on Finance Statutory Review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act
More information1. ANZ supports the proposals to extend the AML/CFT Act to include those additional business sectors set out in Part 3 of the consultation paper.
22 September 2016 Ministry of Justice National Office Justice Centre 19 Aitken Street Wellington By email: aml@justice.govt.nz To whom it may concern ANZ submission on the consultation paper: Improving
More informationAML/CFT TRAINING FOR ACCOUNTANTS AND AUDITORS
AML/CFT TRAINING FOR ACCOUNTANTS AND AUDITORS 1 16 MARCH 2016 BANK USE PROMOTION & SUPPRESSION OF MONEY LAUNDERING UNIT 2 3 What is Money Laundering? the process of concealing illicit gains from criminal
More informationPractical Implementation of UN Standards and Financial Action Task Force on Money Laundering (FATF) Recommendations: Challenges and Assistance
2007/ACT/WKSP/005 Practical Implementation of UN Standards and Financial Action Task Force on Money Laundering (FATF) Recommendations: Challenges and Assistance Submitted by: United Nations Office on Drugs
More informationDIRECTIVES. (Text with EEA relevance) Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114 thereof,
19.6.2018 Official Journal of the European Union L 156/43 DIRECTIVES DIRECTIVE (EU) 2018/843 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 30 May 2018 amending Directive (EU) 2015/849 on the prevention
More informationSPEECH BY HON. DR. G. CHAPONDA, MP MINISTER OF LOCAL GOVERNMENT & RURAL DEVELOPMENT AT THE OFFICIAL OPENING OF THE INTEGRATED SUSTAINABLE
SPEECH BY HON. DR. G. CHAPONDA, MP MINISTER OF LOCAL GOVERNMENT & RURAL DEVELOPMENT AT THE OFFICIAL OPENING OF THE INTEGRATED SUSTAINABLE RURAL DEVELOPMENT WORKSHOP MOUNT SOCHE HOTEL BLANTYRE ON 8 th March
More informationSecurity Council. United Nations S/2006/149
United Nations Security Council Distr.: General 10 March 2006 Original: English Letter dated 10 March 2006 from the Chairman of the Security Council Committee established pursuant to resolution 1373 (2001)
More informationFIU G3: Anti-Money Laundering and Combating the Financing of Terrorism Guideline for Insurance Companies 2014
FIU G3: Anti-Money Laundering and Combating the Financing of Terrorism Guideline for Insurance Companies 2014 FIU G3-Guidelines on AML/CFT for Insurance Companies Page 1 1. INTRODUCTION 1.1) This guideline
More informationThe Practical Impact of the FATF Mutual Evaluation on the US AML Professional
The Practical Impact of the FATF Mutual Evaluation on the US AML Professional Monday, April 3 1:30 PM Moderator: Rick McDonell, Executive Director, ACAMS, and Former Executive Secretary, Financial Action
More informationSustainability and financial stability. Keynote speech by Alexander Karrer Deputy State Secretary for International Finance
Es gilt das gesprochene Wort Sustainability and financial stability Keynote speech by Alexander Karrer Deputy State Secretary for International Finance at the occasion of the Members Assembly of Swiss
More informationFATF~GAFI. Financial Action Task Force on Money Laundering Groupe d'action financière sur le b,anchiment de capitaux
FATF~GAFI Financial Action Task Force on Money Laundering Groupe d'action financière sur le b,anchiment de capitaux Presentation by Mr. Patrick Moulette Executive Secretary of the FA TF ABCA Symposium
More informationCountry Risk Updates. GFSC Newsletter No.3/2017.
Country Risk Updates GFSC www.gfsc.gi 27 November 2017 This newsletter constitutes advice issued by the (GFSC) about risks posed by unsatisfactory money laundering controls in a number of jurisdictions.
More informationUPDATE ON CANADA S 2008 ANTI-MONEY LAUNDERING REQUIREMENTS FOR CAs
UPDATE ON CANADA S 2008 ANTI-MONEY LAUNDERING REQUIREMENTS FOR CAs Chartered accountants and accounting firms are not on the front line in the war against money laundering and terrorist financing! But,
More informationEUROPEAN COMMISSION DG Migration and Home affairs DG Justice and Consumers. Methodology
EUROPEAN COMMISSION DG Migration and Home affairs DG Justice and Consumers Approved at ISG AML/CFT Date: 04.11.2015 Version 1.1 Methodology for assessing money laundering and terrorist financing risks
More informationANTI-MONEY LAUNDERING/ COUNTERING THE FINANCING OF TERRORISM STRATEGY GROUP
ANTI-MONEY LAUNDERING/ COUNTERING THE FINANCING OF TERRORISM STRATEGY GROUP AN ISLAND STRATEGY TO COUNTER MONEY LAUNDERING AND THE FINANCING OF TERRORISM UPDATE MARCH 2011 Contents 1 Introduction...3 2
More informationHigh-risk and non-cooperative jurisdictions
High-risk and non-cooperative jurisdictions FATF PUBLIC STATEMENT - 19 October 2012 Paris, 19 October 2012 - The Financial Action Task Force (FATF) is the global standard setting body for antimoney laundering
More informationMONEY LAUNDERING - The EU and Malta
MONEY LAUNDERING - The EU and Malta Author: George Farrugia α Background The new Prevention of Money Laundering Regulations 2003, which have just been published in August, implement the second European
More informationMONEY LAUNDERING - HIGH VALUE DEALERS
MONEY LAUNDERING - HIGH VALUE DEALERS Money Laundering - High Value Dealers The Money Laundering Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the Regulations) apply to a
More informationFinancial Intelligence Service. Bailiwick of Guernsey
Financial Intelligence Service Bailiwick of Guernsey Annual Report 2008 Contents Message from the Senior Officer 1. Introduction 2. Terrorism Financing 3. Money Laundering Reports 4. International assistance
More informationa. Domestic money laundering statutes and laws i. Bank Secrecy Act of 1970
HIGH- STAKES TAX DEFENSE & COMPLEX CRIMINAL DEFENSE 1012 Broad Street, 2nd Fl Bloomfield, NJ 07003 Tel (973) 783-7000 Fax (973) 338-3955 www.deblislaw.com Anti- Money Laundering Tools a. Domestic money
More informationCONTINENTAL REINSURANCE ( C Re ) ANTI-MONEY LAUDERING/COUNTERING THE FINANCING OF TERRORISM (AML/CFT) POLICY
CONTINENTAL REINSURANCE ( C Re ) ANTI-MONEY LAUDERING/COUNTERING THE FINANCING OF TERRORISM (AML/CFT) POLICY (Approved by the Board of Directors on March 5, 2014) 1 1. Introduction The C Re group is cognizant
More informationPreparing for becoming a reporting entity under the AML/CFT Act
PRACTICE BRIEFING Preparing for becoming a reporting entity under the AML/CFT Act Lawyers need to undertake three tasks to prepare themselves for becoming reporting entities under the Anti-Money Laundering
More informationHigh-risk and non-cooperative jurisdictions
High-risk and non-cooperative jurisdictions Send Print Tweet Improving Global AML/CFT Compliance: on-going process 26 June 2015 Brisbane, 26 June 2015- As part of its on-going review of compliance with
More informationSUMMARY Seychelles National Risk Assessment Report for Money Laundering & Terrorist Financing 2017
SUMMARY Seychelles National Risk Assessment Report for Money Laundering & Terrorist Financing 2017 Introduction The National Risk Assessment (NRA) is a process of identifying and evaluating the Money Laundering
More informationAnti-money laundering Annual report 2017/18
Anti-money laundering Annual report 2017/18 Anti-money laundering Contents 1 Introduction 4 2 Policy developments 5 3 OPBAS 7 4 How our AML supervision is evolving 8 5 Findings and outcomes 9 6 Financial
More informationAnti-Money-laundering and Countering the Financing of Terrorism
Anti-Money-laundering and Countering the Financing of Terrorism A Partnership for National Unity Georgetown March 2014 1 A Partnership for National Unity 61 Hadfield Street, Werk-en-Rust Georgetown Co-operative
More information2018 DISSEMINATION WORKSHOP ON FOREIGN PRIVATE INVESTMENT AND INVESTOR PERCEPTIONS IN ZAMBIA SPEECH BY DR. DENNY H. KALYALYA GOVERNOR BANK OF ZAMBIA
BANK Of ZAMBIA 2018 DISSEMINATION WORKSHOP ON FOREIGN PRIVATE INVESTMENT AND INVESTOR PERCEPTIONS IN ZAMBIA SPEECH BY DR. DENNY H. KALYALYA GOVERNOR BANK OF ZAMBIA WEDNESDAY, DECEMBER 5, 2018 TAJ PAMODZI,
More informationAnti-Money Laundering Policy
Page 1/4 Anti-Money Laundering Policy The objective of Anti-Money laundering procedures that Apsilon LTD ( the Company )implements is to ensure that customers engaging in certain activities are identified
More informationS/2003/273. Security Council. United Nations
United Nations Security Council Distr.: General 6 March 2003 Original: English S/2003/273 Letter dated 3 March 2003 from the Chairman of the Security Council Committee established pursuant to resolution
More informationSTANDING COMMITTEE ON PROGRAMMES AND FINANCE. Twenty-third Session
Original: English 14 November 2018 STANDING COMMITTEE ON PROGRAMMES AND FINANCE Twenty-third Session STATEMENT BY THE DIRECTOR GENERAL Page 1 STATEMENT BY THE DIRECTOR GENERAL Introduction 1. Distinguished
More informationPCM Brokers DMCC. Anti-Money Laundering Policy
PCM Brokers DMCC Anti-Money Laundering Policy This Policy represents the basic standards of Anti-Money Laundering and Combating Terrorism Financing (hereinafter collectively referred to as AML) procedures
More informationDFSA Annual Supervision Outreach Breakout Group # 3 Financial Crime Risks. 25 June 2018
DFSA Annual Supervision Outreach Breakout Group # 3 Financial Crime Risks 25 June 2018 Breakout Group 3 - Agenda Opening Comments - Lawrence Paramasivam Director, Supervision General updates from the Financial
More informationINSTRUCTION (NUMBER 02/2017) FOR FINANCIAL SERVICES BUSINESSES BUSINESS FROM SENSITIVE SOURCES
INSTRUCTION (NUMBER 02/2017) FOR FINANCIAL SERVICES BUSINESSES 10 April 2017 BUSINESS FROM SENSITIVE SOURCES This Instruction is made under section 49(7) of the Criminal Justice (Proceeds of Crime) (Bailiwick
More informationJapan Financial Intelligence Center (JAFIC) Annual Report
Japan Financial Intelligence Center (JAFIC) Annual Report 2016 JAFIC: Japan Financial Intelligence Center Introduction It has been 10 years since the enactment of the Act on Prevention of Transfer of Criminal
More informationABCsolutions Inc. CREA Module Two: The Players
CREA Module Two: The Players Identify the main categories of money launderers in Canada. Identify the Canadian organizations involved in our national fight on money laundering and terrorist financing.
More informationSUBSIDIARY LEGISLATION
ISSN 0856 034X Supplement No. 33 7 th September, 2012 SUBSIDIARY LEGISLATION to the Gazette of the United Republic of Tanzania No. 36 Vol 93 dated 7 th September, 2012 Printed by the Government Printer,
More informationCOMMISSIONER ALGIRDAS ŠEMETA TAXATION, CUSTOMS, STATISTICS, AUDIT AND ANTI- FRAUD
COMMISSIONER ALGIRDAS ŠEMETA TAXATION, CUSTOMS, STATISTICS, AUDIT AND ANTI- FRAUD SPEECH AT THE EUROPEAN SERIOUS & ORGANISED CRIME CONFERENCE 2013 WINNING THE FIGHT 28 th February 2013 KEYNOTE SPEECH Ladies
More informationStrategic Plan 2012/17, Annual Performance Plan and Budget 2012/13
Strategic Plan 2012/17 and Annual Performance Plan 2012/13 Strategic Plan 2012/17, Annual Performance Plan and Budget 2012/13 INDEPENDENT POLICE INVESTIGATIVE DIRECTORATE (IPID) Monday, 16 April 2012 BRIEFING
More informationFirst Subregional Workshop on Curbing Illicit Financial Flows (IFFs) from Africa. 14 to 15 September Nairobi, Kenya.
First Subregional Workshop on Curbing Illicit Financial Flows (IFFs) from Africa. 14 to 15 September 2015 Nairobi, Kenya. September 2015 Capacity Development Division ECA In collaboration with the African
More informationFifth Report of the Principality of Liechtenstein to the Counter-Terrorism Committee established by Security Council resolution 1373 (2001) 9 May 2006
Fifth Report of the Principality of Liechtenstein to the Counter-Terrorism Committee established by Security Council resolution 1373 (2001) 9 May 2006 With the following report, Liechtenstein is submitting
More informationSWITZERLAND BENEFICIAL OWNERSHIP TRANSPARENCY
SWITZERLAND BENEFICIAL OWNERSHIP TRANSPARENCY Switzerland is fully compliant with two of the G20 Principles. The establishment of a beneficial ownership registry could significantly strengthen the ability
More informationFEBRUARY 2013 / 811 FOR THE NZ LEGAL PROFESSION ANTI-M NEY. LAUndering AND COUNTERING FINANCING OF TERRORISM ~ PAGE 4 ~
LAWTALK 1 FEBRUARY 2013 / 811 FOR THE NZ LEGAL PROFESSION ANTI-M NEY LAUndering AND COUNTERING FINANCING OF TERRORISM ~ PAGE 4 ~ 1 LAWTALK 811 / 1 FEBRUARY 2013 4 LAWTALK 811 / 1 FEBRUARY 2013 ~ FEATURE
More informationBANK OF UGANDA THE ISLAMIC BANKING CONFERENCE. Key Note Address. By E. TUMUSIIME-MUTEBILE GOVERNOR, BANK OF UGANDA
BANK OF UGANDA THE ISLAMIC BANKING CONFERENCE Key Note Address By E. TUMUSIIME-MUTEBILE GOVERNOR, BANK OF UGANDA 13 MAY 2016, HOTEL AFRICANA, KAMPALA KEYNOTE SPEECH BY THE GOVERNOR AT THE ISLAMIC BANKING
More informationPE-CONS 72/17 DGG 1B EUROPEAN UNION. Brussels, 26 April 2018 (OR. en) 2016/0208 (COD) PE-CONS 72/17
EUROPEAN UNION THE EUROPEAN PARLIAMT THE COUNCIL Brussels, 26 April 2018 (OR. en) 2016/0208 (COD) PE-CONS 72/17 EF 348 ECOFIN 1142 DROIP 195 CRIMORG 219 COTER 163 CODEC 2119 LEGISLATIVE ACTS AND OTHER
More informationUnited Nations. Statement
United Nations Statement by Anwarul K. Chowdhury United Nations Under-Secretary-General and High Representative for Least Developed Countries Landlocked Developing Countries and Small Island Developing
More information