2023 Review of The Fund’s Anti-Money Laundering and Combating The Financing of Terrorism Strategy

International Monetary Fund

No 2023/052, IMF Policy Papers from International Monetary Fund

Abstract: This paper reviews the Fund’s efforts to safeguard financial integrity and proposes the way forward for the Fund’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Strategy. For over 20 years, the IMF has recognized that effective AML/CFT frameworks, and financial integrity more broadly, are key to the soundness and stability of the financial sector and to prevent the negative macroeconomic implications of financial crimes on the broader economy of members, progressively integrating this work across all its core functions and in a broad set of Fund policies. The paper takes stock of the implementation of the IMF's AML/CFT strategy since 2018. It also proposes deepening the integration of financial integrity issues and an enhanced focus on the macroeconomic impact of AML/CFT issues for the way forward.

Keywords: AML/CFT; Anti-money laundering; Money laundering; Terrorism financing; Proliferation financing; Combating the Financing of Terrorism; Financial Stability; Financial Crime; Illicit financial flows; Financial Integrity; CFT framework; proliferation financing risk; Cd activity; CD engagement; Fund policy; Cd program; CD program; Anti-money laundering and combating the financing of terrorism (AML/CFT); Financial Sector Assessment Program; Financial sector stability; Corruption; Global (search for similar items in EconPapers)
Pages: 55
Date: 2023-12-05
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