Enhancing the Asian Development Bank's Role in Combating Money Laundering and the Financing of Terrorism

Abstract

This paper proposes a policy for an enhanced role of ADB in combating ML and FT in the Asian and Pacific region to complement the international efforts already initiated. The Board of Directors discussed the Working Paper on 13 September 2002. ADB’s own recent activities in assisting its DMCs to combat ML have been undertaken within the broader context of its existing policies and strategies to facilitate poverty reduction, promote good governance and anticorruption, and strengthen national financial systems. Thus, these activities have been incorporated, as appropriate, as an integral part of ADB’s operational programs and country strategies in a limited number of DMCs that have requested assistance in their efforts to combat ML.