Countering Trade-Based Money Laundering | World Bank Group
Trade-based money laundering (TBML) is an increasingly significant method that criminals use to launder the proceeds of crime. The Financial Action Task Force (FATF) defines TBML as “the process of disguising the proceeds of crime and moving value using cross-border trade transactions in an attempt to legitimize their illicit origins.”
Risk Assessment Support for Money Laundering/Terrorist Financing
It is an Excel-based model that enables countries to identify the main drivers of ML/TF risks. It provides a methodological process, based on the understanding of the causal relations among money laundering risk factors and variables relating to the regulatory, institutional, and economic environment. The tool comprises several interrelated modules.
Money Laundering/Terrorist Financing Risk Assessment - World Bank
The World Bank has developed an advisory package to guide countries in conducting their ML/TF risk assessment. This advisory package consists of a risk assessment tool and a process, with the broad participation of public and private sector stakeholders.
National money laundering and terrorist financing risk assessment ...
The National Money Laundering/Terrorist Financing Risk Assessment (NRA) Toolkit has been developed by World Bank Group (WBG) staff members to support WBG client countries and jurisdictions in self-assessing their money laundering and terrorist financing risks. The NRA Toolkit contains guidance manuals; Excel worksheets and the formulas therein; PowerPoint presentations; and any other materials provided as part of the NRA Toolkit.
Preventing Money Laundering and Terrorist Financing : A Practical Guide ...
This working paper explores strategies to identify and manage potential money laundering (ML) and terrorist financing (TF) risks in mobile financial services (m-FS). Using fieldwork in seven economies as a basis, the paper provides guidance on the best means of assessing perceived versus actual ML and TF risks, and then identifies specific measures to mitigate the actual risks.
National Risk Assessment Tool on Money Laundering and Terrorist Financing
Introducing the new modules of the World Bank National Money Laundering / Terrorist Financing Risk Assessment (NRA) toolkit The World Bank Group is pleased to invite you to the global workshop on six new modules of the NRA tool (National Risk Assessment Tool on Money Laundering and Terrorist Financing) on May 9-11, 2022 (Webex), each day from 7:30 AM – 12:30 PM (EDT, Washington DC time).
Anti-Money Laundering and Combating the Financing of Terrorism - World Bank
financial systems. Laundering allows criminals and terrorists to oper-ate freely, using their financial gains to expand their criminal pursuits and fostering illegal activities such as corruption, drug trafficking, arms trafficking, smuggling, and financing of terrorism. Money laundering and the financing of terrorism can have devastating
Reference Guide to Anti-Money Laundering and Combating the Financing of ...
Chapter I: Money Laundering and Terrorist Financing: Definitions and Explanations A. What Is Money Laundering? B. What Is Terrorist Financing? C. The Link Between Money Laundering and Terrorist Financing D. The Magnitude of the Problem E. The Processes F. Where Do Money Laundering and Terrorist Financing Occur? G. Methods and Typologies