Deterring Abuse of the Financial System: Elements of an Emerging International Integrity Standard

John Abbott and R. Johnston

No 2005/003, IMF Policy Discussion Papers from International Monetary Fund

Abstract: Assessing financial systems' stability has required the IMF to dig deeper into financial sector issues and to include financial integrity elements in its assessments. Integrity elements are increasingly being addressed by international standards. More progress is needed, however, to prepare a comprehensive framework to prevent the abuse of the financial systems by both outsiders and insiders.

Keywords: PDP; firm; offense; CFT; standard; abuse; CFT standard; Financial integrity; anti-money laundering; combating the financing of terrorism; FATF recommendation; standards assessment; IAIS standard; anti-money laundering apparatus; Anti-money laundering and combating the financing of terrorism (AML/CFT); Money laundering; Internal controls; Corporate governance (search for similar items in EconPapers)
Pages: 18
Date: 2005-03-01
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