02283cas a2200301 a 4500 AALejournalIMF019657 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498332668 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Anti-Money Laundering and Combating the Financing of Terrorism : Review of the Quality and Consistency of Assessment Reports and the Effectiveness of Coordination. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (66 pages) Policy Papers <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 responds to a request from Executive Directors to review the quality and consistency of anti-money laundering and combating the financing of terrorism (AML/CFT) assessment reports prepared by the Financial Action Task Force on Money Laundering (FATF) and FATF style regional bodies (FSRBs), and the effectiveness of coordination with FATF/FSRBs. The review found a high degree of variability in the quality and consistency of reports prepared by the different assessor bodies as well as within the same assessor group. While a large majority of reports were of high- or medium quality with respect to key components of the assessments, the treatment of ratings gave rise to greater problems. A number of initiatives have been taken or are underway to improve the quality and consistency of assessments by all assessor bodies, including: the standardization of documentation, the strengthening of peer/internal reviews, and the intensification of assessor training. Mode of access: Internet CFT Assessment imf FATF Recommendation imf FATF Style Regional Body imf FSRB Practice imf PP imf Policy Papers; Policy Paper ; No. 2006/021 Full text available on IMF http://elibrary.imf.org/view/journals/007/2006/021/007.2006.issue-021-en.xml IMF e-Library