Laundering the proceeds of crime and concealing funds used by terrorists has become a global activity. Money launderers and terrorists financiers exploit legal and institutional loopholes to move their funds through jurisdictions and financial institutions with weak frameworks. The AML/CFT Unit helps countries and financial institutions to address such shortcomings and strengthen their preventive systems. The Unit works with authorities from Financial Intelligence Units (FIU), supervisory, regulatory and financial bodies.
Goal
To contribute to capacity building and more effective AML/CFT regimes both nationally and internationally.
Methodology
- Evaluation of AML/CFT systems
- Analysis
- Country-specific, hands-on and practice-oriented advice
- Trainings and seminars
- Consultancy
Programme emphasis
- Formulating strategies, drafting laws and regulations
- Setting up FIUs and enhancing supervisory capabilities
- Strengthening internal control systems
- Conducting research and providing policy advice
- Organising and implementing training seminars
Projects
2011
09/27
The Basel AML Index
The Basel Institute on Governance is currently creating the Basel AML Index, which is a composite country risk ranking. It serves as an independent risk assessment tool for financial institutions and other institutions that have to comply with Anti-Money-Laundering (AML),...
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2010
04/27
Training on Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) in Tanzania (February 2010)
Training on Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) in Tanzania (February 2010)During the period 11 January to 11 February 2010, the Basel Institute conducted nine training workshops for 120 participants on AML/CFT in Tanzania. The workshops were held for Tanzanian...
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2008
09/01
Tanzania: FIU Training, August 2008
The Financial Intelligence Unit of Tanzania requested a capacity building training workshop for its personnel and other relevant stakeholders. In response to this request, the unit designed a 5-day interactive and hands-on practical training exercise custom-tailored to the particular needs of this...
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