Uruguay; Report on the Observance of Standards and Codes on Anti-Money Laundering and Combating the Financing of Terrorism

This report provides a summary of the level of observance with the Financial Action Task Force (FATF) and recommendations to strengthen their observance. IMF staff reviewed the institutional framework, relevant laws, regulations, guidelines, and other requirements to deter money laundering (ML) and financing of terrorism (FT) through financial institutions (FIs) and designated nonfinancial businesses and professions (DNFBPs). The assessment is based on the information available at the time of the on site visit by the team. During the mission, there was one ML prosecution under way, but previously there had been no ML prosecutions.

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Year of publication:	2006-12-12
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Financial institutions \| Reports on the Observance of Standards and Codes \| money laundering \| terrorist \| terrorism \| law enforcement \| terrorist financing \| terrorist acts \| financing of terrorism \| terrorist organizations \| international cooperation \| money remitters \| due diligence \| legal entities \| financial intelligence unit \| terrorists \| competent authorities \| organized crime \| law enforcement agencies \| suspicious transactions \| money remittance \| suspicious activity \| wire transfer \| suspicious activity reporting \| terrorist act \| beneficial ownership \| extradition requests \| financial transactions \| legal impediments \| mutual evaluation \| shell banks \| secrecy provisions \| legal assistance \| reporting requirements \| beneficial owners \| control information \| suspicious transaction \| securities firms \| precious stones \| securities sectors \| criminal cases \| information exchange \| criminal investigations \| financial secrecy \| precious metals \| predicate crimes \| supervisory process \| economic crimes \| insider trading \| intelligence units \| financial intelligence units \| internet casinos \| life insurance \| tax matters \| judicial authorities \| dual criminality \| financial operations \| counterfeiting currency \| counter-terrorism \| business relationships \| value transfer \| border transactions \| offshore banks \| legal arrangements \| law enforcement authorities \| criminal matters \| information exchange arrangements \| suspicious activity reports \| funds transfers \| risk customers \| fight against terrorism \| lawful origin \| suspicious transaction reports \| transaction reports \| market manipulation \| enforcement authorities \| confiscated assets \| transaction reporting \| predicate offences \| supervisory framework \| suspicious activities \| suspicious transaction reporting \| record keeping standards \| law enforcement bodies \| internal controls \| undercover operations \| explosives \| mutual evaluations \| foreign branches \| criminal group \| illicit trafficking \| internal audit

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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 06/435 2 pages long
Source:	RePEc - Research Papers in Economics

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