European Parliament Library

Nicaragua, Report on Observance of Standards and Codes - FATF Recommendations for Anti - Money Laundering and Combating the Financing of Terrorism, International Monetary Fund

Abstract
In 2008, Nicaragua introduced legislation criminalizing money laundering (ML) and the financing of terrorism (FT) that is generally adequate, except for some key deficiencies. The Antimony Laundering and Combating the Financing of Terrorism (AML/CFT) preventive measures for the regulated financial sector, including its supervision, is broadly in compliance with the international standard, but the financial cooperative sector is not regulated. There was no evidence of FT risk, and there have been no suspicious transaction reports or investigations in this regard. Nicaragua does not have an FIU and generally lacks an adequate AML/CFT institutional framework
Table Of Contents
Cover; Table of Contents; Acronyms; A. Introduction; B. Key Findings; C. Legal Systems and Related Institutional Measures; D. Preventive Measures - Financial Institutions; E. Preventive Measures - Designated Non-Financial Businesses and Professions; F. Legal Persons and Arrangements & Non-Profit Organizations; G. National and International Co-operation; H. Other Issues; I. Authorities' Response; Summary Table of Observance and Key Recommendations
Language
eng
Literary Form
non fiction
Copyright
Edition
First edition.
Note
Description based upon print version of record
Physical Description
1 online resource (23 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781283556866

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