South Africa; Report on the Observance of Standards and Codes â€” FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

This report provides a summary of the level of observance with the financial assessment task force recommendations and recommendations to strengthen observance. South Africa has developed a comprehensive legal structure to combat money laundering. The financial intelligence unit and other supervisory and investigative bodies appear adequately staffed and genuinely committed to implementing the new system. However, many of these measures are new and have not yet been fully put into effect, and all sectors will continue to increase attention and training on antimoney-laundering issues.

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Year of publication:	2004-04-30
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Reports on the Observance of Standards and Codes \| money laundering \| terrorism \| terrorist financing \| terrorist \| financing of terrorism \| law enforcement \| terrorist acts \| law enforcement agencies \| criminal activity \| suspicious transactions \| customer identification \| terrorist organisations \| suspicious transaction \| supervisory bodies \| terrorist financing measures \| legal assistance \| suspicious transaction reporting \| financial intelligence unit \| money laundering cases \| money laundering offence \| foreign branches \| transaction reporting \| alternative remittance \| money remitters \| reporting requirements \| internal controls \| terrorist assets \| money laundering risks \| collective investment schemes \| money laundering requirements \| money remittance \| foreign counterparts \| legal entities \| suspicious transaction reports \| record keeping requirements \| criminal liability \| transaction reports \| terrorist financing investigations \| terrorist organizations \| funds transfers \| dual criminality \| criminal investigations \| special operations \| money laundering measures \| compliance officer \| beneficial ownership \| laundering standards \| exchange information \| predicate crimes \| criminal law enforcement \| criminal justice measures \| life insurance \| predicate offence \| wire transfer \| police service \| enforcement powers \| unusual transactions \| criminal matters \| combating money laundering \| combat money laundering \| terrorism regime \| undercover operations \| money orders \| audit function \| money laundering standards \| fight against terrorism \| financial transactions \| criminal offence \| criminal proceeds \| combating money \| investigative techniques \| civil forfeiture \| predicate offences \| organized crime \| suspicious activities \| internal rules \| suspected terrorist \| legal entity \| narcotic drugs \| adequate screening procedures \| mutual evaluation \| money laundering issues \| transaction reporting requirements \| criminal law \| tax evasion

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 04/119 8 pages long
Source:	RePEc - Research Papers in Economics

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