Belgium : Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

1BELEA2006001 Image
Price:  $15.00

Release Date: © February, 2006
ISBN : 978-1-45180-322-8
Stock #: 1BELEA2006001
English
Stock Status: On back-order

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Description

This paper discusses the Observance of Standards and Codes and Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) in Belgium. In Belgium, the financial intelligence unit (CTIF-CFI) has noted a shift in money laundering activities in recent years. It has emerged that the proportion of new cases involving layering operations and, to a lesser extent, integration, is on the rise. At the layering stage, the methods favored by criminals are national or international payments via wire transfers or cheques, as well as remittance transactions.

Taxonomy

Anti-money laundering , Financial institutions and markets , International financial system , Legislation




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