Review of Enhancing the Asian Development Bank's Role in Combating Money Laundering and the Financing of Terrorism
Asian Development Bank | April 2008
Abstract
Pursuant to the policy Enhancing the Asian Development Bank’s Role in Combating Money Laundering and the Financing of Terrorism of 1 April 2003, the Asian Development Bank (ADB) has carried out a review of its activities under the policy following 5 years of implementation. ADB has, in general, carried out a substantial level of activities in anti-money laundering and combating the financing of terrorism (AML/CFT) under the policy. In particular, ADB has (i) through its programs, projects, and technical assistance projects, assisted the developing member countries (DMCs) to develop and strengthen their AML/CFT regimes; (ii) collaborated closely with relevant international organizations and donor agencies to foster and coordinate AML/CFT development activities, share international and regional best practices with DMCs, and share experiences of working with the DMCs; (iii) focused on strengthening its internal control procedures for due diligence on AML/CFT issues; and (iv) raised its staff’s level of knowledge and understanding of AML/CFT matters.
Citation
Asian Development Bank. 2008. Review of Enhancing the Asian Development Bank's Role in Combating Money Laundering and the Financing of Terrorism. © Asian Development Bank. http://hdl.handle.net/11540/3526. License: CC BY 3.0 IGO.Keywords
Governance
Good Governance
Governance Approach
Governance Capacity
Governance Models
Governance Quality
Regional Policy
Regional Perspectives
Regional Government
Regional Development
Business Management
Institutional
Framework
Business Ethics
Regional Plans
Project finance
Development Bank
Bureaucracy
Cabinet system
Common good
Executive power
Government
Separation of powers
Transparency in government
Show allCollapse
Citable URI
http://hdl.handle.net/11540/3526Metadata
Show full item recordUsers also downloaded
-
New Energy Architecture: Myanmar
Asian Development Bank (Asian Development Bank, 2013-06-01)This report is the culmination of a nine-month multistakeholder process investigating Myanmar’s energy architecture, which involved the Asian Development Bank, the World Economic Forum and Accenture, and aimed to understand the nation’s current energy architecture challenges and provide an overview of a path to a 'New Energy Architecture'.This report is the culmination of a nine-month multistakeholder process investigating Myanmar’s energy architecture, which involved the Asian Development Bank, the World Economic Forum and Accenture, and aimed to understand the nation’s current energy ... -
Diagnostic Study of Accounting and Auditing Practices in Sri Lanka
Athukorala, Sarath Lakshman (Asian Development Bank, 2002-12-01)Although Sri Lanka had reasonable financial management arrangements before the finance company crisis, as a consequence of the subsequent corrective improvements, these arrangements now compare very well with those of other countries, at least for the private sector. In contrast, public corporation financial governance practices are poor, as are other public sector accounting arrangements. In the ...Although Sri Lanka had reasonable financial management arrangements before the finance company crisis, as a consequence of the subsequent corrective improvements, these arrangements now compare very well with those of other countries, at least for the ... -
Rising to the Challenge in Asia: A Study of Financial Markets: Volume 5 - India
Asian Development Bank (Asian Development Bank, 1999-06-30)The Asian currency and financial crisis has had far-reaching effects on the regional economies and their trading partners. These effects have threatened to wash away the region’s significant social and economic advancement achieved during the preceding years of rapid growth. The crisis has also unveiled many intricate problems and challenges in macroeconomic management, banking and capital markets ...The Asian currency and financial crisis has had far-reaching effects on the regional economies and their trading partners. These effects have threatened to wash away the region’s significant social and economic advancement achieved during the preceding ...