Cape Verde: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

International Monetary Fund

No 2009/115, IMF Staff Country Reports from International Monetary Fund

Abstract: This report provides a summary of the antimoney laundering (AML) and combating the financing of terrorism (AML/CFT) measures in place in Cape Verde. It sets out Cape Verde’s levels of compliance with the Financial Action Task Force (FATF) 40 recommendations. The assessment reveals that Cape Verde has a comprehensive framework that addresses the freezing, seizing, and confiscation of the proceeds and instrumentalities of crimes including money laundering or assets of corresponding value. There are also adequate provisions to protect the rights of bona fide third parties.

Keywords: ISCR; CR; AML law; predicate offence; criminal activity; ML offence; arms trafficking; penal code; Anti-money laundering and combating the financing of terrorism (AML/CFT); Money laundering; Legal support in revenue administration; Terrorism financing; Global; South America; North America; West Africa (search for similar items in EconPapers)
Pages: 190
Date: 2009-04-03
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