U.S. State Department Money Laundering and Financial Crimes Country Database
2011
May 29, 2011 in Department of State
Bureau for International Narcotics and Law Enforcement Affairs
383 pages
May 2011
http://info.publicintelligence.net/MoneyLaunderingDatabase2011.pdf
Every year, U.S. officials from agencies with anti-money laundering
responsibilities meet to assess the money laundering situations in 200
jurisdictions. The review includes an assessment of the significance of
financial transactions in the country‘s financial institutions involving
proceeds of serious crime, steps taken or not taken to address financial
crime and money laundering, each jurisdiction‘s vulnerability to money
laundering, the conformance of its laws and policies to international
standards, the effectiveness with which the government has acted, and the
government‘s political will to take needed actions.
The 2011 International Narcotics Control Strategy Report, Money
Laundering and Financial Crimes, highlights the most significant steps
countries and jurisdictions categorized as �DMajor Money Laundering
Countries have taken to improve their anti-money
laundering/counter-terrorist financing (AML/CFT) regimes. The report
provides a snapshot of the AML/CFT legal infrastructure of each country or
jurisdiction and its capacity to share information and cooperate in
international investigations. For each country where they have been
completed, the write-up also provides a link to the most recent mutual
evaluation performed by or on behalf of the Financial Action Task Force
(FATF) or the FATF-style regional body to which the country or jurisdiction
belongs. When applicable, relevant country reports also provide links to the
Department of State‘s �DCountry Reports on Terrorism‖ so the reader can
learn more about issues specific to terrorism and terrorism financing.
Providing these links will allow those interested readers to find detailed
information on the country‘s AML/CFT capacity and the effectiveness of its
programs.
In addition, the report contains details of United States Government
efforts to provide technical assistance and training as well as information
on the multilateral organizations we support, either monetarily and/or
through participation in their programs. In 2010, USG personnel leveraged
their expertise to share their experience and knowledge with over 100
countries. They worked independently and with other donor countries and
organizations to provide training programs, mentoring and support for
supervisory, law enforcement, prosecutorial, customs and financial
intelligence unit personnel as well as private sector entities. We expect
these efforts, over time, will build capacity in jurisdictions that are
lacking, strengthen the overall level of global compliance with
international standards and contribute to an increase in prosecutions and
convictions of those who launder money or finance terrorists or terrorist
acts.
Money laundering continues to be a serious global threat. Jurisdictions
flooded with illicit funds are vulnerable to the breakdown of the rule of
law, the corruption of public officials and destabilization of their
economies. The development of new technologies and the possibility of
linkages between illegal activities that generate considerable proceeds and
the funding of terrorist groups only exacerbate the challenges faced by the
financial, law enforcement, supervisory, legal and intelligence communities.
The continued development of AML/CFT regimes to deter criminal activity and
detect illicit proceeds is reflected in this report again this year.
Political stability, democracy and free markets depend on solvent, stable,
and honest financial, commercial, and trade systems. The Department of State
‘s Bureau of International Narcotics and Law Enforcement Affairs looks
forward to continuing to work with our U.S. and international partners in
furthering this important work and strengthening capacities globally to
combat money laundering and the funding of terrorists and terrorism.
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