Preconditions for Effective Implementation of AML-CFT Standards [15] [16]
• High ethical and professional requirements for police officers, prosecutors, judges, and so forth, as well as measures and mechanisms to ensure that those requirements are observed
• A system for ensuring the ethical and professional behavior on the part of professionals such as accountants, auditors, and lawyers that may include the existence of codes of conduct and good practices, as well as methods to ensure compliance such as registration, licensing, and supervision or oversight
Many of those issues are likely to be covered as part of the assessments of preconditions for other supervisory standards, and information from the other assessments can help inform AML-CFT assessments.
