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

1LUXEA0032004 Image
Price:  $15.00

Release Date: © December, 2004
ISBN : 978-1-45182-434-6
Stock #: 1LUXEA0032004
English
Stock Status: On back-order

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Description

This report on the Observance of Standards and Codes reviews Luxembourg’s observance of the Financial Action Task Force (FATF) 40 Recommendations for Anti-Money Laundering and eight Special Recommendations on Combating the Financing of Terrorism. The assessment reveals that Luxembourg has in place a solid criminal legal framework and supervisory system to address the significant challenge of money laundering. Luxembourg is broadly compliant with almost all of the FATF Recommendations. The main areas requiring further attention relate to the limited scope of predicate offences and the reporting of suspicions of financing of terrorism.

Taxonomy

Anti-money laundering , International financial system




More publications in this series: IMF Staff Country Reports