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

1GRCEA2009001 Image
Price:  $18.00

Release Date: © January, 2009
ISBN : 978-1-45181-631-0
Stock #: 1GRCEA2009001
Stock Status: On back-order

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This report focuses on the observance of standards and codes on the Financial Action Task Force on Money Laundering (FATF) recommendations for antimoney laundering and combating the financing of terrorism (AML/CFT) in Greece. It reveals that Greece’s legal requirements in place to combat money laundering and terrorist financing are generally inadequate to meet FATF standards. There are some serious concerns about the effectiveness of the AML/CFT system in place. The preventive system that deals with customer identification is generally insufficient and not in line with international standards.


Anti-money laundering , Economic sectors , International financial system , Private sector , Public sector

More publications in this series: IMF Staff Country Reports