Financial Sector Assessment
Annex 8.A FATF 40+8 Recommendations for AML-CFT
Forty Recommendations
Legal Systems (in line with UN conventions)
1. Legal systems should specify a broad scope of money-laundering offenses by criminalizing money laundering related to all serious offenses and capturing, at a minimum, the designated range of offenses.
2. Legal systems should establish standards to prove the offense of money laundering and to clarify that criminal, civil, and administrative liability will apply to legal persons (corporations).
3. A country should have authority to confiscate illegal funds and to apply provisional measures, such as freezing or seizing to deal with money-laundering offenses.
IFC publishes the Emerging Markets Database (EMDB). EMDB contains the latest figures for all IFC indices—global, investable, industry, and frontier—and on market data such as prices, corporate actions, and stock …
The “efficient resolution of problems in banks” is mentioned in the Core Principles for Effective Banking Supervision (BCP) issued by the BCBS as one of the key preconditions for effective …
Translating a macroeconomic framework into the balance sheet of a financial institution requires mapping macrovariables into a set of common risk factors that can be applied to stress individual balance …
