Anti-Money Laundering and Combating the Financing of Terrorism : Niger
The assessment of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regime in Niger was conducted on the basis of the Forty Recommendations and the Nine Special Recommendations on the financing of terrorism drawn up in 20...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
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GIABA and the World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2009/05/16357316/niger-anti-money-laundering-combating-financing-terrorism http://hdl.handle.net/10986/12946 |
| Summary: | The assessment of the Anti-Money
Laundering and Combating the Financing of Terrorism
(AML/CFT) regime in Niger was conducted on the basis of the
Forty Recommendations and the Nine Special Recommendations
on the financing of terrorism drawn up in 2003 and 2001,
respectively, by the Financial Action Task Force (FATF), and
on the AML/CFT Methodology of 2004. The assessment was based
on the laws, regulations, and other materials supplied by
the national authorities of Niger, as well as the
information gathered in the course of the country visit from
June 16 to 27, 2008. During its visit, the assessment team
met with the managers and representatives of all the
relevant government agencies and the private sector The
assessment was conducted by an evaluation team from the
World Bank and the Intergovernmental Anti-Money Laundering
Group in West Africa (GIABA). To this end, they analyzed the
institutional framework, the AML/CFT laws and regulations,
regulations, guidelines and other obligations, as well as
regulatory or other regimes in force in Niger for combating
money laundering and the financing of terrorism. The
capacity, implementation, and effectiveness of all these
mechanisms were assessed as well. This report provides a
summary of the AML/CFT measures in force in Niger as at the
date of the on-site visit or immediately thereafter. It
describes and analyzes those measures, and makes
recommendations on how certain aspects of the system could
be strengthened. It also sets out Niger s level of
compliance with the FATF 40+9 Recommendations. |
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