Central African Economic and Monetary Community: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

International Monetary Fund

No 2006/322, IMF Staff Country Reports from International Monetary Fund

Abstract: The report provides a summary of the level of compliance at the Central African Economic and Monetary Community (CEMAC) regional level and provides recommendations to improve compliance. The assessment focuses on the regional Anti-Money Laundering and Combating the Financing of Terrorism (AML-CLT) framework and its conformity with international standard. The paper reviews the institutional framework, laws, regulations, guidelines, and other requirements, and the regulatory and other systems in place to deter money laundering and the financing of terrorism through financial institutions and designated non-financial businesses (DNFBPs). It also examines the capacity, implementation, and effectiveness of all these systems.

Keywords: ISCR; CR; authority; CEMAC regulation; AML-CFT; member state; financial institution; rule; member country; COBAC regulation; CEMAC authority; due diligence; Money laundering; Anti-money laundering and combating the financing of terrorism (AML/CFT); Terrorism financing; Legal support in revenue administration; West Africa; Europe (search for similar items in EconPapers)
Pages: 21
Date: 2006-08-28
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=19855 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2006/322

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().