overview

global

Australia

regimes

tracking

recovery

war















related
Guides:

Security &
InfoCrime

privacy

Governance

Information
Economy

e-Money



related
Profiles:

Bank
Secrecy

Forgery
& Fraud

Identity
Theft

Australia
Card

100 Points
Scheme

Crime
Proceeds

     global framework

This page considers the global framework for money laundering, including the tracking of assets (within and across borders) and recovery action.

     key agreements

Key international agreements include -

• Aruba Recommendations (1990) - Caribbean Financial Action Task Force (CFATF)
• Convention on Combating Bribery of Foreign Public Officials in International Business Transactions - OECD
• Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime - Council of Europe (COE)
• European Union - Council Directive 91/308/EEC of 10 June 1991 on prevention of the use of the financial system for the purpose of money laundering - Council of the European Communities
• FATF Forty Recommendations - Financial Action Task Force on Money Laundering (FATF)
• Kingston Declaration on Money Laundering - Caribbean Financial Action Task Force (CFATF)
• Buenos Aires Declaration Concerning the Laundering of Proceeds and Instrumentalities of Crime (1995)
• OAS/CICAD Model Regulations concerning Laundering Offenses connected to Illicit Drug Trafficking and other Serious Offenses (PDF) (1998) - Inter-American Drug Abuse Control Commission (CICAD)
• Prevention of criminal use of the banking system for the purpose of money-laundering (PDF) (1988) - Basle Committee on Banking Regulations & Supervisory Practices
• Riga Declaration on the fight against money laundering (1996) - FATF
• UN Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances (1988) - United Nations

     key agencies

Global and regional agencies include -

• Financial Action Task Force (FATF) - intergovernmental task force established in 1989 by the Group of Seven (G-7)
• Egmont Group - international network of agencies in over 106 jurisdictions that collect, analyse and disseminate  information on suspicious financial activity in relation to terrorist or other criminal funding
• Asia/Pacific Group on Money Laundering (APG) - regional intergovernmental body founded 1997
• United Nations Office on Drugs and Crime (UNODC) - agent of the UN Security Council, founded 2002 and playing a 'me too' role
• International Monetary Fund (IMF) - emphasis on anti-money laundering activity in emerging economies
• World Bank - lender and financial supervisor for over 100 developing economies
• Basle Committee on Banking Regulations & Supervisory Practices - Bank for International Settlements (BIS)

   next page  (Australia)