focusnote 33459 ^jil`cq - world bankdocuments.worldbank.org/curated/en/... · 8 5...

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!"#$%&'()* 29 2005 7 ^jiL`cq !"# !"#$%&' !"#$%&'()*+,-./0123456789 !"#$% !"#$%&'()*+,)-./ !"#$%&'()*+, !"#$ AML !"#$%& CFT !"#$%&'()*+ !"#$%&'()*+, !"#$%&'()*+, FATF!"# AML/CFT !"# !"#$%&'()* !"#$%&'() AML/CFT !"#$ !"#$"%&'(%&)*+, !"#$%&'!"#$%&'()* !"#$%&'()*+,-. !"#$%&'()*+,-./012345!"#$%&' !"#$%&'()*+,-./0 !"#$%&'()*+,- !"#$%&'()*+,-../0 !"#$%&'()*+,-. !"# !"#$%!AML/CFT!"#$%&'()*&+,-./ !"#$%&'()*+,-./012 !"#$% !"#$%& 1 !"#! 2 !"#$%&'()*+,- 3 !" !"#$%&'( !"#$%&'(AML/CFT!"#$%&'()*+,-./01 !"# ! !"#$%&'()*+,-./0123456 FocusNote AML/CFT REGULATION: IMPLICATIONS FOR FINANCIAL SERVICE PROVIDERS THAT SERVE LOW-INCOME PEOPLE !"CGAP!"#$%& !"#$%&' CGAP !"#$%&Jennifer Isern David Porteous !"#$ Raul Hernandez-Coss !" Chinyere Egwuagu !"#$%&'() !" !"#$%&' CGAP !"# 1818 H Street NW, Washington DC 20433 2024739594 2025223744 [email protected] www.cgap.org ! !"# 33459 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized

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Page 1: FocusNote 33459 ^jiL`cq - World Bankdocuments.worldbank.org/curated/en/... · 8 5 !"#$%&'()*+,-./0 AML/CFT !"!" 1996 !"#$%&'()*+*,-)*. !" 2000 ! FATF 1997 ! !"#$ 10000 !"#$%&' 2004

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AML/CFT REGULATION:IMPLICATIONS FOR FINANCIAL SERVICE PROVIDERS

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Page 2: FocusNote 33459 ^jiL`cq - World Bankdocuments.worldbank.org/curated/en/... · 8 5 !"#$%&'()*+,-./0 AML/CFT !"!" 1996 !"#$%&'()*+*,-)*. !" 2000 ! FATF 1997 ! !"#$ 10000 !"#$%&' 2004

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Page 3: FocusNote 33459 ^jiL`cq - World Bankdocuments.worldbank.org/curated/en/... · 8 5 !"#$%&'()*+,-./0 AML/CFT !"!" 1996 !"#$%&'()*+*,-)*. !" 2000 ! FATF 1997 ! !"#$ 10000 !"#$%&' 2004

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Page 4: FocusNote 33459 ^jiL`cq - World Bankdocuments.worldbank.org/curated/en/... · 8 5 !"#$%&'()*+,-./0 AML/CFT !"!" 1996 !"#$%&'()*+*,-)*. !" 2000 ! FATF 1997 ! !"#$ 10000 !"#$%&' 2004

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Page 5: FocusNote 33459 ^jiL`cq - World Bankdocuments.worldbank.org/curated/en/... · 8 5 !"#$%&'()*+,-./0 AML/CFT !"!" 1996 !"#$%&'()*+*,-)*. !" 2000 ! FATF 1997 ! !"#$ 10000 !"#$%&' 2004

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Page 6: FocusNote 33459 ^jiL`cq - World Bankdocuments.worldbank.org/curated/en/... · 8 5 !"#$%&'()*+,-./0 AML/CFT !"!" 1996 !"#$%&'()*+*,-)*. !" 2000 ! FATF 1997 ! !"#$ 10000 !"#$%&' 2004

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Page 7: FocusNote 33459 ^jiL`cq - World Bankdocuments.worldbank.org/curated/en/... · 8 5 !"#$%&'()*+,-./0 AML/CFT !"!" 1996 !"#$%&'()*+*,-)*. !" 2000 ! FATF 1997 ! !"#$ 10000 !"#$%&' 2004

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Page 8: FocusNote 33459 ^jiL`cq - World Bankdocuments.worldbank.org/curated/en/... · 8 5 !"#$%&'()*+,-./0 AML/CFT !"!" 1996 !"#$%&'()*+*,-)*. !" 2000 ! FATF 1997 ! !"#$ 10000 !"#$%&' 2004

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htm13 FATF�� !IX �� !"#, www1.oecd.org/fatf/SRecsTF_en.htm#IX.

%20Cash%20courriers14�� !"#AML/CFT�� !"#$%&'�FATF��, www1.oecd.

org/fatf/Legislation_en.htm.

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���� !"#$%&'()*+,-.�� !"!#$%&'()

�� !: FIC: www.fic.gov.za; Genesis Analytics, �A Brief Case Study of the Effect of the Implementation of the FATF Recommendations�;

L. de Koker, �Client Identification and Money Laundering Control: Perspectives on the FIC Act 38 of 2001.�

15�FATF�� 31.2.�� !"#$%&'��()*+,-./ 01

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��

Asian Development Bank. Manual on Countering Money Laundering and the Financing of Terrorism.Manila, Philippines: AsDB, March 2003.

BBC News. �Bali bombs �work of experts,�� November 2002, news.bbc.co.uk/1/hi/world/asiapacific/2384509.stm.

Bank for International Settlements. �Customer Due Diligence for Banks.� Berne, Switzerland: BIS,October2001, www.bis.org/publ/bcbs85.pdf.

Christen, Robert Peck, Timothy Lyman, and Richard Rosenberg. Guiding Principles on Regulation andSupervision of Microfinance. Microfinance Consensus Guidelines. Washington, DC: CGAP, 2003,www.cgap.org/publications/guidelines.html

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Financial Action Task Force. �Guidance for Financial Institutions in Detecting Terrorist Financing.�Paris:FATF/GAPI, April 2002, www.fatf-gafi.org/dataoecd/39/21/34033955.pdf.

���FATF Methodology for Assessing Compliance with FATF 40 Recommendations and the FATFVIII Special Recommendations. Paris: FATF/GAPI, February 2004, www.fatf-gafi.org/dataoecd/46/48/34274813.pdf.

�� The Forty Recommendations. Paris: FATF/GAPI, 2003, www.fatf-gafi.org/dataoecd/38/47/34030579.PDF .

���Best Practice Guidelines on Providing Feedback to Reporting Financial Institutions and OtherPersons.� Paris: FATF/GAPI, June 1998, www.fatf-gafi.org/dataoecd/32/46/34046950.pdf.

���Non-cooperative Countries and Territories.� Paris: FATF/GAPI, October 2004, www.fatfgafi.org/document/4/0,2340,en_32250379_32236992_33916420_1_1_1_1,00.html.

���Nine Special Recommendation on Terrorist Financing.� Paris, www.fatf-gafi.org/dataoecd/55/16/34266142.pdf.

Genesis Analytics. �Access to Financial Services in South Africa: A Brief Case Study of the Effect ofthe Implementation of the Financial Action Task Force Recommendations.� Johannesburg, SouthAfrica: Genesis Analytics (Pty) Ltd., 2004, www.finmarktrust.org.za/research.

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Schott, Paul Allan. Reference Guide to Anti-Money Laundering and Combating the Financing ofTerrorism.Second edition. Washington, DC: World Bank, 2004.

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Turnbull, Wayne.�A Tangled Web of Southeast Asian Islamic Terrorism: The Jemaah Islamiyah TerroristNetwork.� Monterey Institute of International Studies. Monterey, Calif.: US Army, July 2003,www.terrorismcentral.com/Library/terroristgroups/JemaahIslamiyah/JITerror/BaliTactPlan.html

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