Colombia : Financial Sector Assessment Program-Report on the Observance of Standards and Codes on FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism.

Colombia has a reasonable understanding of its main domestic money laundering/terrorist financing (ML/TF) risks. The country's understanding of risks relies particularly on the results of the 2013 and 2016 National Risk Assessments (NRAs). -- The 2016 NRA has yielded reasonable findings with re...

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Detalles Bibliográficos
Autor Corporativo: International Monetary Fund. Legal Dept
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2018.
Series:IMF Staff Country Reports; Country Report ; No. 2018/315
Acceso en liña:Full text available on IMF
Descripción
Summary:Colombia has a reasonable understanding of its main domestic money laundering/terrorist financing (ML/TF) risks. The country's understanding of risks relies particularly on the results of the 2013 and 2016 National Risk Assessments (NRAs). -- The 2016 NRA has yielded reasonable findings with respect to the identification of the main ML threats and vulnerabilities. -- The AML/CFT supervisory systems and tools are not entirely in line with the risk-based approach (RBA), and there are significant gaps in the supervision of designated non-financial businesses and professions (DNFBPs). -- Colombia investigates and prosecutes ML effectively, but not in a manner that is commensurate with its ML risks.
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Descrición Física:1 online resource (12 pages)
Formato:Mode of access: Internet
ISSN:1934-7685
Acceso:Electronic access restricted to authorized BRAC University faculty, staff and students