Chile : Report on the Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism.

This report assesses the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) in Chile. Banking secrecy provisions continue to limit the ability of Chile to investigate and disclose po...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2005.
Series:IMF Staff Country Reports; Country Report ; No. 2005/120
Online Access:Full text available on IMF
Description
Summary:This report assesses the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) in Chile. Banking secrecy provisions continue to limit the ability of Chile to investigate and disclose potential money laundering offences and, thereby, to provide effective international cooperation through the financial intelligence unit. Provisions are available for mutual legal assistance but they are cumbersome. The expanded AML/CFT regime introduced by Law 19.913 is too recent to permit any conclusions about the effectiveness of its implementation.
Item Description:<strong>Off-Campus Access:</strong> No User ID or Password Required
<strong>On-Campus Access:</strong> No User ID or Password Required
Physical Description:1 online resource (12 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students