Uruguay: Report on the Observance of Standards and Codes on Anti-Money Laundering and Combating the Financing of Terrorism

International Monetary Fund

No 2006/435, IMF Staff Country Reports from International Monetary Fund

Abstract: This report provides a summary of the level of observance with the Financial Action Task Force (FATF) and recommendations to strengthen their observance. IMF staff reviewed the institutional framework, relevant laws, regulations, guidelines, and other requirements to deter money laundering (ML) and financing of terrorism (FT) through financial institutions (FIs) and designated nonfinancial businesses and professions (DNFBPs). The assessment is based on the information available at the time of the on site visit by the team. During the mission, there was one ML prosecution under way, but previously there had been no ML prosecutions.

Keywords: ISCR; CR; authority; CFT; Anti-Money Laundering; CFT supervision; CFT obligation; CFT system; prosecution authority; CFT legislation; Uruguayan authorities; training of BCU examiner; government of Uruguay; fund staff; CFT-CDD system; response to the assessment; supervision of the securities sector; Anti-money laundering and combating the financing of terrorism (AML/CFT); Terrorism financing; Money laundering; Terrorism; Legal support in revenue administration; South America (search for similar items in EconPapers)
Pages: 21
Date: 2006-12-12
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