Union of Comoros : Detailed Assessment Report of Anti-Money Laundering and Combatting the Financing of Terrorism
The assessment of the anti-money laundering and combating the financing of terrorism (AML/CFT) system of the Union of the Comoros was based on the 2003 Forty Recommendations and the 2001 Nine Special Recommendations developed by the FATF (Financial...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2010/03/16447465/union-comoros-detailed-assessment-report-anti-money-laundering-combatting-financing-terrorism http://hdl.handle.net/10986/12735 |
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okr-10986-12735 |
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oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ABDUCTION ABUSE ABUSES ACCOUNTING ADMINISTRATIVE SANCTIONS ANTI-MONEY LAUNDERING ARMED FORCES ASSET MANAGEMENT ASSETS ATTACKS BANK CREDITS BANKING SERVICES BANKING SYSTEM BANKS BASIC SERVICES BOMBING BOMBINGS BUSINESSMEN CC CHAMBER OF COMMERCE CIVIL RIGHTS CIVIL SERVANTS COMBAT COMMERCIAL BANKS COMMERCIAL LAW COMMERCIAL TRANSACTIONS COMPLAINT CONSPIRACY CONSTITUTIONAL COURT CORPORAL PUNISHMENT CORRUPTION COUNSEL COUNTERFEITING COUNTERTERRORISM COURT COURTS CRIME CRIMES CRIMINAL CRIMINAL ACTIVITIES CRIMINAL ACTIVITY CRIMINAL CASES CRIMINAL CODE CRIMINAL LAW CRIMINAL LIABILITY CRIMINAL OFFENSE CRIMINAL PROCEDURE CRIMINAL SANCTIONS CRIMINAL STATISTICS CRIMINALITY CRIMINALIZATION CRIMINALS CUSTOMARY LAW DEBIT CARDS DEPOSITS DEVELOPMENT BANK DOCUMENTS DRUG TRAFFICKING DUE DILIGENCE REQUIREMENTS ECONOMIC BENEFITS ECONOMIC DEVELOPMENT EXCHANGE CONTROL EXCLUSION EXPLOITATION EXPLOSIVES EXTORTION EXTRADITION FINANCE COMPANIES FINANCIAL CRIMES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTELLIGENCE FINANCIAL INTELLIGENCE UNIT FINANCIAL MARKET FINANCIAL SYSTEM FINANCIAL SYSTEMS FOREIGN INVESTMENT FOREIGN INVESTMENTS FORGERY FRAUD HOSTAGE HOSTAGES HOUSES IMPRISONMENT INFLUENCE PEDDLING INITIATIVE INSURANCE INSURANCE POLICIES INTERNATIONAL COMMUNITY INTERNATIONAL COOPERATION INTERNATIONAL FINANCE INTERNATIONAL NETWORKS INTERNATIONAL TERRORISM INVESTIGATION INVESTIGATIONS INVESTMENT BANK ISLAMIC LAW JUDGES JUDICIARY JUSTICE KIDNAPPING LABORATORIES LAW ENFORCEMENT LAWS LAWYER LAWYERS LEGAL ADVICE LEGAL ASSISTANCE LEGAL ENTITIES LEGAL FRAMEWORK LEGISLATION LEGISLATIONS LIABILITY LIFE SENTENCE LIMITED PARTNERSHIPS LOAN MALFEASANCE MEDIA MFI MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MINISTER MINISTERS MONEY LAUNDERING MONEY MANAGEMENT MONEY ORDERS MONEY TRANSFER MONEY TRANSFERS MORTGAGE MORTGAGE LOANS MURDER MUTUAL LEGAL ASSISTANCE NONPROFIT ORGANIZATIONS NOTARIES NUCLEAR MATERIAL NUCLEAR MATERIALS NUCLEAR TERRORISM OFFENSE OFFENSES PENAL CODE PENALTIES PENALTY PHYSICAL PROTECTION PLASTIC EXPLOSIVES POLICE POLICE OFFICER POLICE OFFICERS PREJUDICE PRIORITIES PRISON PRISONERS PRIVATE INVESTMENT PROPERTY RIGHTS PROSECUTIONS PROSECUTOR RACKETEERING REAL ESTATE REMITTANCE REMITTANCES RESIDENCE ROBBERY SANCTIONS SAVINGS SECURITIES SENIOR GOVERNMENT OFFICIALS SMUGGLING TAX INCENTIVES TERRORISM TERRORISM FINANCING TERRORIST TERRORIST ACT TERRORIST ACTS TERRORIST FINANCING TERRORIST GROUP TERRORIST GROUPS TERRORIST ORGANIZATIONS TERRORISTS THEFT THREAT THREATS TRANSPARENCY TRANSPORTATION UNION UNIONS VILLAGE VIOLENCE WARNING WEAPON WEAPONS WILL |
| spellingShingle |
ABDUCTION ABUSE ABUSES ACCOUNTING ADMINISTRATIVE SANCTIONS ANTI-MONEY LAUNDERING ARMED FORCES ASSET MANAGEMENT ASSETS ATTACKS BANK CREDITS BANKING SERVICES BANKING SYSTEM BANKS BASIC SERVICES BOMBING BOMBINGS BUSINESSMEN CC CHAMBER OF COMMERCE CIVIL RIGHTS CIVIL SERVANTS COMBAT COMMERCIAL BANKS COMMERCIAL LAW COMMERCIAL TRANSACTIONS COMPLAINT CONSPIRACY CONSTITUTIONAL COURT CORPORAL PUNISHMENT CORRUPTION COUNSEL COUNTERFEITING COUNTERTERRORISM COURT COURTS CRIME CRIMES CRIMINAL CRIMINAL ACTIVITIES CRIMINAL ACTIVITY CRIMINAL CASES CRIMINAL CODE CRIMINAL LAW CRIMINAL LIABILITY CRIMINAL OFFENSE CRIMINAL PROCEDURE CRIMINAL SANCTIONS CRIMINAL STATISTICS CRIMINALITY CRIMINALIZATION CRIMINALS CUSTOMARY LAW DEBIT CARDS DEPOSITS DEVELOPMENT BANK DOCUMENTS DRUG TRAFFICKING DUE DILIGENCE REQUIREMENTS ECONOMIC BENEFITS ECONOMIC DEVELOPMENT EXCHANGE CONTROL EXCLUSION EXPLOITATION EXPLOSIVES EXTORTION EXTRADITION FINANCE COMPANIES FINANCIAL CRIMES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTELLIGENCE FINANCIAL INTELLIGENCE UNIT FINANCIAL MARKET FINANCIAL SYSTEM FINANCIAL SYSTEMS FOREIGN INVESTMENT FOREIGN INVESTMENTS FORGERY FRAUD HOSTAGE HOSTAGES HOUSES IMPRISONMENT INFLUENCE PEDDLING INITIATIVE INSURANCE INSURANCE POLICIES INTERNATIONAL COMMUNITY INTERNATIONAL COOPERATION INTERNATIONAL FINANCE INTERNATIONAL NETWORKS INTERNATIONAL TERRORISM INVESTIGATION INVESTIGATIONS INVESTMENT BANK ISLAMIC LAW JUDGES JUDICIARY JUSTICE KIDNAPPING LABORATORIES LAW ENFORCEMENT LAWS LAWYER LAWYERS LEGAL ADVICE LEGAL ASSISTANCE LEGAL ENTITIES LEGAL FRAMEWORK LEGISLATION LEGISLATIONS LIABILITY LIFE SENTENCE LIMITED PARTNERSHIPS LOAN MALFEASANCE MEDIA MFI MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MINISTER MINISTERS MONEY LAUNDERING MONEY MANAGEMENT MONEY ORDERS MONEY TRANSFER MONEY TRANSFERS MORTGAGE MORTGAGE LOANS MURDER MUTUAL LEGAL ASSISTANCE NONPROFIT ORGANIZATIONS NOTARIES NUCLEAR MATERIAL NUCLEAR MATERIALS NUCLEAR TERRORISM OFFENSE OFFENSES PENAL CODE PENALTIES PENALTY PHYSICAL PROTECTION PLASTIC EXPLOSIVES POLICE POLICE OFFICER POLICE OFFICERS PREJUDICE PRIORITIES PRISON PRISONERS PRIVATE INVESTMENT PROPERTY RIGHTS PROSECUTIONS PROSECUTOR RACKETEERING REAL ESTATE REMITTANCE REMITTANCES RESIDENCE ROBBERY SANCTIONS SAVINGS SECURITIES SENIOR GOVERNMENT OFFICIALS SMUGGLING TAX INCENTIVES TERRORISM TERRORISM FINANCING TERRORIST TERRORIST ACT TERRORIST ACTS TERRORIST FINANCING TERRORIST GROUP TERRORIST GROUPS TERRORIST ORGANIZATIONS TERRORISTS THEFT THREAT THREATS TRANSPARENCY TRANSPORTATION UNION UNIONS VILLAGE VIOLENCE WARNING WEAPON WEAPONS WILL International Monetary Fund Union of Comoros : Detailed Assessment Report of Anti-Money Laundering and Combatting the Financing of Terrorism |
| geographic_facet |
Africa Comoros |
| description |
The assessment of the anti-money
laundering and combating the financing of terrorism
(AML/CFT) system of the Union of the Comoros was based on
the 2003 Forty Recommendations and the 2001 Nine Special
Recommendations developed by the FATF (Financial Action Task
Force). It was prepared according to the 2004 AML/CFT
Methodology, as updated in October 2008. The assessment was
based on laws, regulations, and other documents provided by
the Union of the Comoros, as well as information gathered by
the assessment team during its on-site visit of May 6-20,
2009 and following the mission. During the course of its
visit, the assessment team met with leaders and
representatives from competent governmental agencies and the
private sector. The assessment was performed by a team made
up of International Monetary Fund (IMF) staff, an expert
acting under the supervision of the IMF, and an expert
acting under the supervision of the World Bank. The
participants in this assessment were Emmanuel Mathias (LEG,
mission chief), Chady El Khoury (LEG), Habib Hitti (expert
under the supervision of the LEG), and André Cuisset (expert
under the supervision of the World Bank). The experts
analyzed the institutional framework, laws, regulations,
guidelines, and obligations with respect to AML/CFT, as well
as the regulatory system or other systems in effect to
combat money laundering and terrorist financing within
financial institutions and DNFPBs . The adequacy,
implementation, and effectiveness of all these mechanisms
were also evaluated. This report provides a summary of the
AML/CFT measures in effect in the Union of the Comoros on
the date of or shortly after the on-site visit. It describes
and analyzes these measures, indicates the level of the
Union of the Comoros compliance with the 40 + 9 FATF
Recommendations (See Table 1), and makes recommendations on
measures to be taken to strengthen certain aspects of the system |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
International Monetary Fund |
| author_facet |
International Monetary Fund |
| author_sort |
International Monetary Fund |
| title |
Union of Comoros : Detailed Assessment Report of Anti-Money Laundering and Combatting the Financing of Terrorism |
| title_short |
Union of Comoros : Detailed Assessment Report of Anti-Money Laundering and Combatting the Financing of Terrorism |
| title_full |
Union of Comoros : Detailed Assessment Report of Anti-Money Laundering and Combatting the Financing of Terrorism |
| title_fullStr |
Union of Comoros : Detailed Assessment Report of Anti-Money Laundering and Combatting the Financing of Terrorism |
| title_full_unstemmed |
Union of Comoros : Detailed Assessment Report of Anti-Money Laundering and Combatting the Financing of Terrorism |
| title_sort |
union of comoros : detailed assessment report of anti-money laundering and combatting the financing of terrorism |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2010/03/16447465/union-comoros-detailed-assessment-report-anti-money-laundering-combatting-financing-terrorism http://hdl.handle.net/10986/12735 |
| _version_ |
1764421441560772608 |
| spelling |
okr-10986-127352021-04-23T14:03:04Z Union of Comoros : Detailed Assessment Report of Anti-Money Laundering and Combatting the Financing of Terrorism International Monetary Fund ABDUCTION ABUSE ABUSES ACCOUNTING ADMINISTRATIVE SANCTIONS ANTI-MONEY LAUNDERING ARMED FORCES ASSET MANAGEMENT ASSETS ATTACKS BANK CREDITS BANKING SERVICES BANKING SYSTEM BANKS BASIC SERVICES BOMBING BOMBINGS BUSINESSMEN CC CHAMBER OF COMMERCE CIVIL RIGHTS CIVIL SERVANTS COMBAT COMMERCIAL BANKS COMMERCIAL LAW COMMERCIAL TRANSACTIONS COMPLAINT CONSPIRACY CONSTITUTIONAL COURT CORPORAL PUNISHMENT CORRUPTION COUNSEL COUNTERFEITING COUNTERTERRORISM COURT COURTS CRIME CRIMES CRIMINAL CRIMINAL ACTIVITIES CRIMINAL ACTIVITY CRIMINAL CASES CRIMINAL CODE CRIMINAL LAW CRIMINAL LIABILITY CRIMINAL OFFENSE CRIMINAL PROCEDURE CRIMINAL SANCTIONS CRIMINAL STATISTICS CRIMINALITY CRIMINALIZATION CRIMINALS CUSTOMARY LAW DEBIT CARDS DEPOSITS DEVELOPMENT BANK DOCUMENTS DRUG TRAFFICKING DUE DILIGENCE REQUIREMENTS ECONOMIC BENEFITS ECONOMIC DEVELOPMENT EXCHANGE CONTROL EXCLUSION EXPLOITATION EXPLOSIVES EXTORTION EXTRADITION FINANCE COMPANIES FINANCIAL CRIMES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTELLIGENCE FINANCIAL INTELLIGENCE UNIT FINANCIAL MARKET FINANCIAL SYSTEM FINANCIAL SYSTEMS FOREIGN INVESTMENT FOREIGN INVESTMENTS FORGERY FRAUD HOSTAGE HOSTAGES HOUSES IMPRISONMENT INFLUENCE PEDDLING INITIATIVE INSURANCE INSURANCE POLICIES INTERNATIONAL COMMUNITY INTERNATIONAL COOPERATION INTERNATIONAL FINANCE INTERNATIONAL NETWORKS INTERNATIONAL TERRORISM INVESTIGATION INVESTIGATIONS INVESTMENT BANK ISLAMIC LAW JUDGES JUDICIARY JUSTICE KIDNAPPING LABORATORIES LAW ENFORCEMENT LAWS LAWYER LAWYERS LEGAL ADVICE LEGAL ASSISTANCE LEGAL ENTITIES LEGAL FRAMEWORK LEGISLATION LEGISLATIONS LIABILITY LIFE SENTENCE LIMITED PARTNERSHIPS LOAN MALFEASANCE MEDIA MFI MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MINISTER MINISTERS MONEY LAUNDERING MONEY MANAGEMENT MONEY ORDERS MONEY TRANSFER MONEY TRANSFERS MORTGAGE MORTGAGE LOANS MURDER MUTUAL LEGAL ASSISTANCE NONPROFIT ORGANIZATIONS NOTARIES NUCLEAR MATERIAL NUCLEAR MATERIALS NUCLEAR TERRORISM OFFENSE OFFENSES PENAL CODE PENALTIES PENALTY PHYSICAL PROTECTION PLASTIC EXPLOSIVES POLICE POLICE OFFICER POLICE OFFICERS PREJUDICE PRIORITIES PRISON PRISONERS PRIVATE INVESTMENT PROPERTY RIGHTS PROSECUTIONS PROSECUTOR RACKETEERING REAL ESTATE REMITTANCE REMITTANCES RESIDENCE ROBBERY SANCTIONS SAVINGS SECURITIES SENIOR GOVERNMENT OFFICIALS SMUGGLING TAX INCENTIVES TERRORISM TERRORISM FINANCING TERRORIST TERRORIST ACT TERRORIST ACTS TERRORIST FINANCING TERRORIST GROUP TERRORIST GROUPS TERRORIST ORGANIZATIONS TERRORISTS THEFT THREAT THREATS TRANSPARENCY TRANSPORTATION UNION UNIONS VILLAGE VIOLENCE WARNING WEAPON WEAPONS WILL The assessment of the anti-money laundering and combating the financing of terrorism (AML/CFT) system of the Union of the Comoros was based on the 2003 Forty Recommendations and the 2001 Nine Special Recommendations developed by the FATF (Financial Action Task Force). It was prepared according to the 2004 AML/CFT Methodology, as updated in October 2008. The assessment was based on laws, regulations, and other documents provided by the Union of the Comoros, as well as information gathered by the assessment team during its on-site visit of May 6-20, 2009 and following the mission. During the course of its visit, the assessment team met with leaders and representatives from competent governmental agencies and the private sector. The assessment was performed by a team made up of International Monetary Fund (IMF) staff, an expert acting under the supervision of the IMF, and an expert acting under the supervision of the World Bank. The participants in this assessment were Emmanuel Mathias (LEG, mission chief), Chady El Khoury (LEG), Habib Hitti (expert under the supervision of the LEG), and André Cuisset (expert under the supervision of the World Bank). The experts analyzed the institutional framework, laws, regulations, guidelines, and obligations with respect to AML/CFT, as well as the regulatory system or other systems in effect to combat money laundering and terrorist financing within financial institutions and DNFPBs . The adequacy, implementation, and effectiveness of all these mechanisms were also evaluated. This report provides a summary of the AML/CFT measures in effect in the Union of the Comoros on the date of or shortly after the on-site visit. It describes and analyzes these measures, indicates the level of the Union of the Comoros compliance with the 40 + 9 FATF Recommendations (See Table 1), and makes recommendations on measures to be taken to strengthen certain aspects of the system 2013-03-14T19:03:41Z 2013-03-14T19:03:41Z 2010-03 http://documents.worldbank.org/curated/en/2010/03/16447465/union-comoros-detailed-assessment-report-anti-money-laundering-combatting-financing-terrorism http://hdl.handle.net/10986/12735 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work Africa Comoros |