| Description |
1 online resource (358 pages) |
| Series |
IMF country report ; no. 11/12 |
|
IMF country report ; no. 11/12.
|
| Contents |
Cover; Contents; Acronyms; Preface; Executive Summary; 1. GENERAL; 1.1. General Information on Guernsey; 1.2. General Situation of Money Laundering and Financing of Terrorism; 1.3. Overview of the Financial Sector; 1.4. Overview of the DNFBP Sector; 1.5. Overview of commercial laws and mechanisms governing legal persons and arrangements; 1.6. Overview of strategy to prevent money laundering and terrorist financing; AML/CFT Strategies and Priorities; 2. LEGAL SYSTEM AND RELATED INSTITUTIONAL MEASURES; 2.1. Criminalization of Money Laundering (R.1 and 2); 2.1.1. Description and Analysis |
|
2.1.2. Recommendations and Comments2.1.3. Compliance with Recommendations 1 and 2; 2.2. Criminalization of Terrorist Financing (SR.II); 2.2.1. Description and Analysis; 2.2.2. Recommendations and Comments; 2.2.3. Compliance with Special Recommendation II; 2.3. Confiscation, freezing, and seizing of proceeds of crime (R.3); 2.3.1. Description and Analysis; 2.3.2. Recommendations and Comments; 2.3.3. Compliance with Recommendation 3; 2.4. Freezing of funds used for terrorist financing (SR.III); 2.4.1. Description and Analysis; 2.4.2. Recommendations and Comments |
|
2.4.3. Compliance with Special Recommendation III2.5. The Financial Intelligence Unit and its Functions (R.26); 2.5.1. Description and Analysis; 2.5.2. Recommendations and Comments; 2.5.3. Compliance with Recommendation 26; 2.6. Law enforcement, prosecution, and other competent authorities-the framework for the investigation and prosecution of offenses, and for confiscation and freezing (R.27 and 28); 2.6.1. Description and Analysis; 2.6.2. Recommendations and Comments; 2.6.3. Compliance with Recommendations 27 & 28; 2.7. Cross-Border Declaration or Disclosure (SR.IX) |
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2.7.1. Description and Analysis2.7.2. Recommendations and Comments; 2.7.3. Compliance with Special Recommendation IX; 3. PREVENTIVE MEASURES-FINANCIAL INSTITUTIONS; 3.1. Risk of money laundering or terrorist financing; 3.2. Customer due diligence, including enhanced or reduced measures (R.5 to 8); 3.2.1. Description and Analysis; 3.2.2. Recommendations and Comments; 3.2.3. Compliance with Recommendations 5 to 8; 3.3. Third Parties and Introduced Business (R.9); 3.3.1. Description and Analysis; 3.3.2. Recommendations and Comments; 3.3.3. Compliance with Recommendation 9 |
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3.4. Financial Institution Secrecy or Confidentiality (R.4)3.4.1. Description and Analysis; 3.4.2. Recommendations and Comments; 3.4.3. Compliance with Recommendation 4; 3.5. Record-keeping and wire transfer rules (R.10 & SR.VII); 3.5.1. Description and Analysis; 3.5.2. Recommendations and Comments; 3.5.3. Compliance with Recommendations 10 and Special Recommendation VII; 3.6. Monitoring of Transactions and Relationships (R.11 and 21); 3.6.1. Description and Analysis; 3.6.2. Recommendations and Comments; 3.6.3. Compliance with Recommendations 11 & 21 |
| Summary |
This report provides a summary of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures in place in Guernsey at the time of the mission or shortly thereafter. The assessors reviewed the institutional framework; the relevant AML/CFT laws, regulations, guidelines, and other requirements; and the regulatory and other systems in place to deter and punish money laundering (ML) and the financing of terrorism (FT) through financial institutions and Designated Non-Financial Businesses and Professions (DNFBP). The assessors also examined the capacity, implementation, and |
| Notes |
Title from PDF title page (IMF Web site, viewed March 30, 2011) |
| Subject |
International Monetary Fund -- Guernsey
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Money laundering -- Guernsey -- Prevention
|
|
Terrorism -- Guernsey -- Prevention
|
|
Money laundering -- Prevention
|
|
Terrorism -- Prevention
|
|
Great Britain Miscellaneous Island Dependencies -- Guernsey
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. Legal Department.
|
| ISBN |
9781455288182 |
|
1455288187 |
|
9781455213726 |
|
1455213721 |
|
