Nordic-Baltic Regional Report: Technical Assistance Report-Nordic-Baltic Technical Assistance Project Financial Flows Analysis, AML/CFT Supervision, and Financial Stability
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Summary:
Recent money laundering cases have exposed financial integrity risks from cross-border payments and potential impact on financial stability to the integrated Nordic-Baltic financial sector, attracted international scrutiny of anti-money laundering and combating the financing of terrorism (AML/CFT) supervision throughout the region, and so accelerated the momentum for reform. The purpose of the project is to conduct an analysis of cross-border money laundering (ML) threats and vulnerabilities in the Nordic-Baltic region – encompassing Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden (the Nordic-Baltic Constituency or NBC) – and issue a final report containing recommendations for mitigating the potential risks.
Series:
Country Report No. 2023/320
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Correspondent banking Crime Financial sector policy and analysis Financial sector stability Financial services Internal controls International organization Monetary policy Revenue administration Technology Virtual currencies
Frequency:
regular
English
Publication Date:
September 4, 2023
ISBN/ISSN:
9798400252389/1934-7685
Stock No:
1EUREA2023003
Format:
Paper
Pages:
115
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