01800cas a2200241 a 4500 AALejournalIMF005956 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451832594 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Paraguay : Report on the Observance of Standards and Codes; FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (17 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses assessment results on the observance of standards and codes on the Financial Action Task Force (FATF) recommendations for antimoney laundering and combating the financing of terrorism (AML/CFT) for Paraguay. The assessment reveals that the substantial U.S. dollar contraband trade that occurs on the borders shared with Argentina and Brazil facilitates money laundering in Paraguay. Achievements in the implementation of Paraguay's AML framework remain modest since the criminalization of the money laundering offence in 1996. The level of implementation and compliance with respect to the FATF recommendations is low in the financial sector. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2009/234 Full text available on IMF http://elibrary.imf.org/view/journals/002/2009/234/002.2009.issue-234-en.xml IMF e-Library