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De‐listing from NCCTs and money laundering control measures: a banking regulation perspective

De‐listing from NCCTs and money laundering control measures: a banking regulation perspective Analyses from a banking regulation perspective the general experience of 23 countries that were initially listed as non‐cooperative countries and territories (NCCTs); this group did not meet some or most of the 25 criteria developed by the Financial Action Task Force (FATF) on money laundering and based on 40 recommendations setting out the anti‐money laundering framework. Highlights the 25 criteria, shows the ones missed by each of the 23 countries, discusses how de‐listed countries successfully addressed these criteria through further bank regulation, and concludes with a detailed application to the path taken by one of the countries, Lebanon. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Money Laundering Control Emerald Publishing

De‐listing from NCCTs and money laundering control measures: a banking regulation perspective

Wassim N. Shahin
Journal of Money Laundering Control , Volume 8 (4): 8 – Oct 1, 2005
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References (1)

Publisher
Emerald Publishing
Copyright
Copyright © 2005 Emerald Group Publishing Limited. All rights reserved.
ISSN
1368-5201
DOI
10.1108/13685200510620867
Publisher site
See Article on Publisher Site

Abstract

Analyses from a banking regulation perspective the general experience of 23 countries that were initially listed as non‐cooperative countries and territories (NCCTs); this group did not meet some or most of the 25 criteria developed by the Financial Action Task Force (FATF) on money laundering and based on 40 recommendations setting out the anti‐money laundering framework. Highlights the 25 criteria, shows the ones missed by each of the 23 countries, discusses how de‐listed countries successfully addressed these criteria through further bank regulation, and concludes with a detailed application to the path taken by one of the countries, Lebanon.

Journal

Journal of Money Laundering Control – Emerald Publishing

Published: Oct 1, 2005

Keywords: Banking; Regulation; Money laundering

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