systems in place to deter money laundering and the financing of terrorism among prudentially regulated financial institutions. The independent expert not under the supervision of the Bank and Fund staff reviewed the capacity and implementation of criminal law enforcement systems. The assessment is based on the information available at the time the assessment was completed on June 6, 2003.
III. M ain findings
4. The Czech authorities have made impressive progress in the past few years in bringing the AMLregime of the Czech Republic into compliance with both
The Czech government has made impressive progress in bringing the antimoney laundering (AML) regime of the Czech Republic into compliance with both European and international standards. The Czech government has undertaken important steps toward completing the legal and institutional framework to fight money laundering, and has begun concrete implementation of the AML regime in the various relevant financial sectors. Further efforts by the government to improve the country’s AML legal and institutional framework and effective supervision have resulted in the enactment of major legislation.
International Monetary Fund. External Relations Dept.
Peter B. Kenen
Senior Fellow, Council on Foreign Relations New York
Chasing the data as much as the money
Peter Reuter and Edwin M. Truman
Chasing Dirty Money
The Fight Against Money Laundering
Institute for International Economics, 2004, 226 pp., $23.95 (cloth).
“The AMLregime is no longer all about drugs.” With these words, Peter Reuter and Edwin Truman reveal the new realities of the fight against money laundering. No longer focused solely on combating the drug trade, anti-money laundering (AML) regimes are now fighting