Đang tải... (xem toàn văn)
Efforts to launder money and finance terrorism have been evolving rapidly in recent years in response to heightened countermeasures. The international community has witnessed the use of increasingly sophisticated methods to move illicit funds through financial systems across the globe and has acknowledged the need for improved multilateral cooperation to fight these criminal activities
Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism Second Edition and Supplement on Special Recommendation IX Paul Allan Schott Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism Second Edition and Supplement on Special Recommendation IX Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism Second Edition and Supplement on Special Recommendation IX © 2006 The International Bank for Reconstruction and Development/The World Bank/ The International Monetary Fund 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org E-mail: feedback@worldbank.org All rights reserved First printing of Second Edition and Supplement on Special Recommendation IX, January 2006 10 09 08 07 06 This volume is a product of the staff of the International Bank for Reconstruction and Development/The World Bank/The International Monetary Fund The findings, interpretations, and conclusions expressed in this paper not necessarily reflect the views of the World Bank, the International Monetary Fund, their Executive Directors, or the governments they represent The World Bank and International Monetary Fund not guarantee the accuracy of the data included in this work The boundaries, colors, denominations, and other information shown on any map in this work not imply any judgment on the part of the World Bank or International Monetary Fund concerning the legal status of any territory or the endorsement or acceptance of such boundaries Rights and Permissions The material in this publication is copyrighted Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law The International Bank for Reconstruction and Development/The World Bank/The International Monetary Fund encourage dissemination of their work and will normally grant permission to reproduce portions of the work promptly For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; telephone: 978-750-8400; fax: 978-750-4470; Internet: www.copyright.com All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2422; e-mail: pubrights@worldbank.org ISBN: 0-8213-6513-4 ISBN-13: 978-0-8213-6513-7 eISBN: 0-8213-6514-2 DOI: 10.1596/978-0-8213-6513-7 Library of Congress Cataloging-in-Publication Data has been applied for Cover and publication design: James E Quigley, World Bank Institute Cover photos: Comstock www.amlcft.org iv Contents Foreword ix Acknowledgments xi xiii Abbreviations and Acronyms Introduction: How to Use this Reference Guide xv Part A: The Problem and the International Response Chapter I: Money Laundering and Terrorist Financing: Definitions and Explanations A B C D E F G What Is Money Laundering? What Is Terrorist Financing? The Link Between Money Laundering and Terrorist Financing The Magnitude of the Problem The Processes Where Do Money Laundering and Terrorist Financing Occur? Methods and Typologies I-1 I-2 I-4 I-5 I-6 I-7 I-9 I-9 Chapter II: Money Laundering Impacts Development II-1 A The Adverse Implications for Developing Countries B The Benefits of an Effective AML/CFT Framework II-2 II-7 Chapter III: International Standard Setters A B C D The United Nations The Financial Action Task Force on Money Laundering The Basel Committee on Banking Supervision International Association of Insurance Supervisors v III-1 III-2 III-7 III-13 III-16 Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism E International Organization of Securities Commissioners F The Egmont Group of Financial Intelligence Units Chapter IV: Regional Bodies and Relevant Groups A B C D FATF-Style Regional Bodies Wolfsberg Group of Banks The Commonwealth Secretariat Organization of American States–CICAD III-18 III-19 IV-1 IV-1 IV-4 IV-8 IV-9 Part B: The Elements of an Effective AML/CFT Framework Chapter V: Legal System Requirements A B C D E F G H Criminalization of Money Laundering Criminalization of Terrorism and the Financing of Terrorism Seizure, Confiscation, and Forfeiture Types of Covered Entities and Persons Supervision and Regulation—Integrity Standards Laws Consistent with Implementation of FATF Recommendations Cooperation Among Competent Authorities Investigations Chapter VI: Preventive Measures A B C D E F G H Customer Identification and Due Diligence Record Keeping Requirements Suspicious Transaction Reporting Cash Transaction Reporting Balancing Privacy Laws with Reporting and Disclosure Requirements Internal Controls, Compliance and Audit Regulation and Supervision—Integrity Standards Legal Entities and Arrangements Chapter VII: The Financial Intelligence Unit A B C D E vi Definition of a Financial Intelligence Unit Core Functions Types or Models of FIUs Possible Additional Functions Organizing the FIU V-1 V-2 V-15 V-15 V-19 V-23 V-26 V-26 V-27 VI-1 VI-2 VI-16 VI-18 VI-24 VI-26 VI-27 VI-27 VI-28 VII-1 VII-3 VII-4 VII-9 VII-15 VII-17 Contents F Privacy Safeguards G Information and Feedback Chapter VIII: International Cooperation A Prerequisites for Effective International Cooperation B General Principles of International Cooperation Against Money Laundering C International Cooperation Between FIUs D International Cooperation Between Financial Supervisory Authorities E International Cooperation Between Law Enforcement and Judicial Authorities F Considerations for Fiscal Matter Offenses Chapter IX: Combating the Financing of Terrorism A Ratification and Implementation of United Nations Instruments B Criminalizing the Financing of Terrorism and Associated Money Laundering C Freezing and Confiscating Terrorist Assets D Reporting Suspicious Transactions Related To Terrorism E International Cooperation F Alternative Remittance Systems G Wire Transfers H Non-Profit Organizations I Cash Couriers J Self-Assessment Questionnaire on Terrorist Financing VII-19 VII-23 VIII-1 VIII-2 VIII-5 VIII-6 VIII-8 VIII-11 VIII-13 IX-1 IX-2 IX-4 IX-5 IX-7 IX-8 IX-9 IX-10 IX-12 IX-13 IX-17 Part C: The Role of the World Bank and International Monetary Fund Chapter X: World Bank and International Monetary Fund Initiatives to Fight Money Laundering and Terrorist Financing A B C D Awareness Raising Development of a Universal AML/CFT Assessment Methodology Building Institutional Capacity Research and Analysis X-1 X-3 X-5 X-6 X-9 vii Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism Annexes I Websites for Key Organizations, Legal Instruments, and Initiatives II Other Useful Websites and Resources III United Nations Anti-Terrorist Conventions Referred to in the International Convention for the Suppression of the Financing of Terrorism IV The Financial Action Task Force Forty Recommendations on Money Laundering and Interpretative Notes V The Financial Action Task Force Special Recommendations on Terrorist Financing VI The Financial Action Task Force Interpretative Notes and Guidance Notes for the Special Recommendations on Terrorist Financing and the Self-Assessment Questionnaire VII Cross-Reference of The Forty Recommendations to Reference Guide VIII Cross-Reference of the Special Recommendations to Reference Guide Annex I-1 Annex II-1 Annex III-1 Annex IV-1 Annex V-1 Annex VI-1 Annex VII-1 Annex VIII-1 Diagrams The Processes of Money Laundering and Financing of Terrorism viii I-8 Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism misused as a means for hiding or disguising true ownership of an asset The term foundations refers primarily to “private foundations or establishments” that exist in some civil law jurisdictions and which may engage in commercial and/or non-profit activities Some examples of these include Stiftung, stichting, Anstalt, etc Interpretative Note to Special Recommendation IX: Cash Couriers Objectives FATF Special Recommendation IX was developed with the objective of ensuring that terrorists and other criminals cannot finance their activities or launder the proceeds of their crimes through the physical cross-border transportation of currency and bearer negotiable instruments Specifically, it aims to ensure that countries have measures 1) to detect the physical cross-border transportation of currency and bearer negotiable instruments, 2) to stop or restrain currency and bearer negotiable instruments that are suspected to be related to terrorist financing or money laundering, 3) to stop or restrain currency or bearer negotiable instruments that are falsely declared or disclosed, 4) to apply appropriate sanctions for making a false declaration or disclosure, and 5) to enable confiscation of currency or bearer negotiable instruments that are related to terrorist financing or money laundering Countries should implement Special Recommendation IX subject to strict safeguards to ensure proper use of information and without restricting either: (i) trade payments between countries for goods and services; or (ii) the freedom of capital movements in any way Definitions For the purposes of Special Recommendation IX and this Interpretative Note, the following definitions apply The term bearer negotiable instrument includes monetary instruments in bearer form such as: travellers cheques; negotiable instruments (including Annex VI-34 Annex VI: FATF Interpretative Notes and Guidance Notes for the Special Recommendations cheques, promissory notes and money orders)that are either in bearer form, endorsed without restriction, made out to a fictitious payee, or other wise in such form that title thereto passes upon delivery; incomplete instruments (including cheques, promissory notes and money orders) signed, but with the payee’s name omitted.17 The term currency refers to banknotes and coins that are in circulation as a medium of exchange The term physical cross-border transportation refers to any in-bound or out-bound physical transportation of currency or bearer negotiable instruments from one country to another country The term includes the following modes of transportation: (1) physical transportation by a natural person, or in that person’s accompanying luggage or vehicle; (2) shipment of currency through containerized cargo or (3) the mailing of currency or bearer negotiable instruments by a natural or legal person The term false declaration refers to a misrepresentation of the value of currency or bearer negotiable instruments being transported, or a misrepresentation of other relevant data which is asked for in the declaration or otherwise requested by the authorities This includes failing to make a declaration as required The term false disclosure refers to a misrepresentation of the value of currency or bearer negotiable instruments being transported, or a misrepresentation of other relevant data which is asked When the term related to terrorist financing or money laundering is used to describe currency or bearer negotiable instruments, it refers to currency or bearer negotiable instruments that are: (i) the proceeds of, or used in, or 17 For the purposes of this Interpretative Note, gold, precious metals and precious stones are not included despite their high liquidity and use in certain situations as a means of exchange or transmitting value These items may be otherwise covered under customs laws and regulations If a country discovers an unusual cross-border movement of gold, precious metals or precious stones, it should consider notifying, as appropriate, the Customs Service or other competent authorities of the countries from which these items originated and/or to which they are destined, and should co-operate with a view toward establishing the source, destination, and purpose of the movement of such items and toward the taking of appropriate action Annex VI-35 Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism intended or allocated for use in, the financing of terrorism, terrorist acts or terrorist organisations; or (ii) laundered, proceeds from money laundering or predicate offences, or instrumentalities used in or intended for use in the commission of these offences The types of systems that may be implemented to address the issue of cash couriers Countries may meet their obligations under Special Recommendation IX and this Interpretative Note by implementing one of the following types of systems; however, countries not have to use the same type of system for incoming and outgoing cross-border transportation of currency or bearer negotiable instruments: a Declaration system: The key characteristics of a declaration system are as follows All persons making a physical cross-border transportation of currency or bearer negotiable instruments, which are of a value exceeding a pre-set, maximum threshold of EUR/USD 15,000, are required to submit a truthful declaration to the designated competent authorities Countries that implement a declaration system should ensure that the pre-set threshold is sufficiently low to meet the objectives of Special Recommendation IX b Disclosure system: The key characteristics of a disclosure system are as follows All persons making a physical cross-border transportation of currency or bearer negotiable instruments are required to make a truthful disclosure to the designated competent authorities upon request Countries that implement a disclosure system should ensure that the designated competent authorities can make their inquiries on a targeted basis, based on intelligence or suspicion, or on a random basis Annex VI-36 Annex VI: FATF Interpretative Notes and Guidance Notes for the Special Recommendations Additional elements applicable to both systems 10 Whichever system is implemented, countries should ensure that their system incorporates the following elements: a The declaration/disclosure system should apply to both incoming and outgoing transportation of currency and bearer negotiable instruments b Upon discovery of a false declaration/disclosure of currency or bearer negotiable instruments or a failure to declare/disclose them, designated competent authorities should have the authority to request and obtain further information from the carrier with regard to the origin of the currency or bearer negotiable instruments and their intended use c Information obtained through the declaration/disclosure process should be available to the financial intelligence unit (FIU) either through a system whereby the FIU is notified about suspicious cross-border transportation incidents or by making the declaration/disclosure information directly available to the FIU in some other way d At the domestic level, countries should ensure that there is adequate coordination among customs, immigration and other related authorities on issues related to the implementation of Special Recommendation IX e In the following two cases, competent authorities should be able to stop or restrain cash or bearer negotiable instruments for a reasonable time in order to ascertain whether evidence of money laundering or terrorist financing may be found: (i) where there is a suspicion of money laundering or terrorist financing; or (ii) where there is a false declaration or false disclosure f The declaration/disclosure system should allow for the greatest possible measure of international co-operation and assistance in accordance with Special Recommendation V and Recommendations 35 to 40 To facilitate such co-operation, in instances when: (i) a declaration or disclosure which exceeds the maximum threshold of EUR/USD 15,000 is made, or (ii) where there is a false declaration or false disclosure, or (iii) where there is a suspicion of money laundering or terrorist financing, this information shall be retained for use by the appropriate authorities At a minimum, this information will cover: (i) the amount Annex VI-37 Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism of currency or bearer negotiable instruments declared / disclosed or otherwise detected; and (ii) the identification data of the bearer(s) Sanctions 11 Persons who make a false declaration or disclosure should be subject to effective, proportionate and dissuasive sanctions, whether criminal civil or administrative Persons who are carrying out a physical cross-border transportation of currency or bearer negotiable instruments that are related to terrorist financing or money laundering should also be subject to effective, proportionate and dissuasive sanctions, whether criminal, civil or administrative, and should be subject to measures, including legislative ones consistent with Recommendation and Special Recommendation III, which would enable the confiscation of such currency or bearer negotiable instruments Annex VI-38 Annex VII Cross-Reference of The Forty Recommendations to Reference Guide Recommendation Reference Guide Chapter I, footnote Chapter V, footnotes 4, 20–22, 25–27 Chapter VIII, footnote Chapter V, footnotes 38, 39 Chapter V, footnotes 51, 53, 55, 58–60 Chapter Chapter Chapter Chapter V, footnotes 57, 80 VI, footnotes 75 VII, footnotes 14–20, 33 IX, footnote 58 Annex VII-1 Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism Annex VII-2 Chapter V, footnotes 67–68 Chapter VI, footnotes 5, 17–19, 21–22, 41 Chapter IX, footnote 58 Chapter V, footnote 67–68 Chapter VI, footnote 41 Chapter IX, footnote 58 Chapter V, footnotes 67–68 Chapter VI, footnote 32 Chapter IX, footnote 58 Chapter V, footnotes 67–68 Chapter VI, footnotes 35, 41 Chapter IX, footnote 58 Chapter V, footnotes 67–68 Chapter VI, footnotes 36, 41 Chapter IX, footnote 58 10 Chapter Chapter Chapter Chapter V, footnote 67–68 VI, footnotes 41, 46–48, 59 VII, footnote IX, footnote 58 11 Chapter Chapter Chapter Chapter V, footnotes 67–68 VI, footnotes 37, 41, 60 VII, footnote IX, footnote 58 12 Chapter Chapter Chapter Chapter V, footnotes 67–68 VI, footnotes 42–45, 55 VII, footnote IX, footnote 58 Annex VII: Cross-Reference of the Forty Recommendations to the Reference Guide 13 Chapter Chapter Chapter Chapter V, footnotes 67–68, 79 VI, footnote 56 VII, footnotes 4, 12 IX, footnotes 39, 58 14 Chapter Chapter Chapter Chapter V, footnotes 67–68 VI, footnotes 58, 62 VII, footnote IX, footnote 58 15 Chapter Chapter Chapter Chapter V, footnotes 67–68 VI, footnotes 76, 77, 79 VII, footnote IX, footnote 58 16 Chapter Chapter Chapter Chapter V, footnotes 67–68 VI, footnotes 65, 66, 68, 69 VII, footnote IX, footnote 58 17 Chapter V, footnotes 67–68 Chapter VII, footnote Chapter IX, footnote 58 18 Chapter Chapter Chapter Chapter V, footnotes 67–68 VI, footnote 34 VII, footnotes 4, 12 IX, footnote 58 19 Chapter Chapter Chapter Chapter V, footnotes 67–68 VI, footnotes 70, 73 VII, footnotes 4, 12 IX, footnote 58 Annex VII-3 Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism Annex VII-4 20 Chapter Chapter Chapter Chapter V, footnotes 67–68, 74 VI, footnote 74 VII, footnote IX, footnote 58 21 Chapter Chapter Chapter Chapter V, footnotes 67–68 VI, footnote 38 VII, footnote IX, footnote 58 22 Chapter Chapter Chapter Chapter V, footnotes 67–68 VI, footnotes 9, 10 VII, footnote IX, footnote 58 23 Chapter V, footnotes 67–68, 76–78 Chapter IX, footnotes 58, 59, 60 24 Chapter V, footnotes 67–68 Chapter IX, footnote 58 25 Chapter Chapter Chapter Chapter 26 Chapter VII, footnotes 3, 27 Chapter V, footnote 82 Chapter VIII, footnotes 27, 29 28 Chapter VI, footnotes 59, 74, 75 29 Chapter V, footnotes 76, 77 30 Chapter V, footnote 84 V, footnotes 67–68 VI, footnote 61 VII, footnote 38 IX, footnote 58 Annex VII: Cross-Reference of the Forty Recommendations to the Reference Guide 31 Chapter V, footnote 81 Chapter VII, footnotes 9, 20 32 Chapter V, footnote 85 Chapter VII, footnote 39 33 Chapter VI, footnotes 80, 81 34 Chapter VI, footnotes 82, 83 35 Chapter VIII, footnote 3, 36 Chapter VII, footnote Chapter VIII, footnotes 9, 11, 24, 28 37 Chapter V, footnote 28 Chapter VII, footnote 38 Chapter VIII, footnotes 26, 30 39 Chapter VIII, footnote 31 40 Chapter VII, footnote Chapter VIII, footnotes 10, 11, 13, 15, 25, 40 Annex VII-5 Annex VIII Cross-Reference of the Special Recommendations to Reference Guide Recommendation Reference Guide I Chapter I, footnote 12 Chapter VIII, footnote Chapter IX, footnotes 8, 10, 21 II Chapter I, footnotes 13, 14, 15 Chapter V, footnotes 24, 48, 49 Chapter IX, footnotes 23–26, 35 III Chapter IX, footnotes 6, 27, 28, 29, 30, 31, 32, 33 IV Chapter IX, footnote 36 V Chapter IX, footnotes 41, 42 Annex VIII-1 Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism Annex VIII-2 VI Chapter I, footnote 17 Chapter V, footnote 69 Chapter IX, footnotes 6, 51, 52, 53 VII Chapter V, footnote 69 Chapter IX, footnotes 61, 62–67 VIII Chapter I, footnote 16 Chapter IX, footnotes 6, 68, 69, 70 IX Chapter IX, footnotes 72–92 15 16 17 18 19 20 21 22 10 23 24 25 26 11 12 13 14 27 28 29 30 10 11 12 13 14 Colombia Botswana Singapore China New Zealand India Norway Tanzania Costa Rica Turkey Sri Lanka Ecuador Austria South Africa 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Zambia Thailand Brazil Trinidad and Tobago United States Malaysia Ethiopia Republic of Korea Czech Republic Dominican Republic BCEAO European Union England Kuwait Finland Japan Design and layout by James Quigley Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism Second Edition and Supplement on Special Recommendation IX www.amlcft.org ISBN 0-8213-6513-4 [...]... at 3 and 4 I-7 Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism The Financing of of Terrorism Terrorism TheProcesses Processesof ofMoney Money Laundering Laundering and and Financing Money Laundering Cash from Criminal Act Financing of Terrorism $$$$$ $$$$$ Bank Securities Firm Placement Cash is deposited into accounts Layering Funds moved to other institutions to obscure... of the Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism to help countries understand the new international standards The Reference Guide will hopefully serve as a single, comprehensive source of practical information for countries to fight money laundering and terrorist financing It discusses the problems caused by these crimes, the specific actions countries need to. .. countries need to take to address them and the role international organizations, such as the Bank and the Fund, play in the process We offer this new version as a tool for countries to establish and improve their legal and institutional frameworks and their preventive measures according to the new international standards and best practices This Second Edition of the Reference Guide and Supplement on Special... and terrorist financing in order to fight the devastating economic and social consequences of these criminal activities Part A of this Reference Guide describes the problem of money laundering and terrorist financing, their adverse consequences, and the benefits of an effective regime It also identifies the relevant international standard-setting organizations and discusses their specific efforts and. .. that the broader the scope of predicate offenses for money laundering, the greater the potential benefit 12 Id 13 See Chapter I, What is Money Laundering; see also Chapter V, Scope of the Predicate Offense II-7 Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism 2 Enhancing Stability of Financial Institutions Public confidence in financial institutions, and hence their... assistance T xv Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism available to countries in order to help them achieve compliance with international standards Each chapter is a self-contained discussion of the topics covered in that chapter (although references are made to related discussions in other chapters) with detailed references to background and original source... http://www.undcp.org/adhoc/palermo/convmain.html The Forty Recommendations, Rec 1; http://www.fatf-gafi.org/pdf/40Recs-2003_en.pdf See also Chapter V, Criminalization of Money Laundering, of this Reference Guide I-3 Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism B What Is Terrorist Financing? The United Nations (UN) has made numerous efforts, largely in the form of international treaties, to fight terrorism and. .. support, in any form, of terrorism or of those who encourage, plan, or engage in terrorism Less simple, however, is defining terrorism F I-1 Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism itself, because the term may have significant political, religious, and national implications from country to country Money laundering and terrorist financing often display similar... Drugs and Psychotropic Substances (1988) Wolfsberg Group Wolfsberg Group of Banks xiv Introduction: How to Use this Reference Guide his Second Edition of the Reference Guide is intended to serve as a single, comprehensive source of information for countries that wish to establish or improve their legal and institutional frameworks for anti-money laundering (AML) and combating the financing of terrorism. .. http://www.un.org/law/cod/finterr.htm The conventions referred to in the annex in sub-paragraph 1(a) are listed in Annex III of this Reference Guide Money Laundering and Terrorist Financing: Definitions and Explanations FATF, which is also recognized as the international standard setter for efforts to combat the financing of terrorism (CFT),10 does not specifically define the term financing of terrorism in its nine