PPT-Emerging Issues in Illicit Financial Flows: Trade-Based Money Laundering

TradeBased Money Laundering Generates corruption and crime Loss of tax revenue evasion of the customary fees and taxes paid by lawabiding importers eg bank fees sales taxes importation taxes. Presented By. Raunak. Jain. INTRODUCTION :. “. Earth provides enough to satisfy every man's need, but not every man's greed”. Man’s . greed for more money is the root cause for money laundering. . COMPLIANCE STANDARDS FOR ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING . OF . TERRORISM. Presented by . ERM Institute. Saturday ,February 14, 2015. 1. Part II: Compliance Standards for AML/CFT. COURSE OBJECTIVES. Laundering / Combating the Financing of . Terrorism. Compliance Unit. Ministry of National Security . Objectives of the . AML/CFT. Compliance Unit. . of the Ministry of National Security.. Receiving. The purpose of this presentation is to discuss efforts by . the NPA and other law enforcement agencies to: . I. dentify and investigate illicit . financial flows related to crime. P. rosecute matters where there is evidence of a crime. April 2017. Enrique Fanta. Senior Trade Facilitation Specialist. General . Aspects. on . Tax. and . Customs. . Administrations. Latinoamerican. . Region. Tax and Customs with professional staff, modern IT System for processing basic Tax and Customs processes (Registration, Filing, Payments, Declarations, Risk Management). “Fight against organised crime and corruption: strengthening the prosecutors’ network”. March4th-7. th. . 2014, Skopje, Macedonia . Mona . Konecny. , Public Prosecution Office, Vienna, Austria. Alex Cobham. @. alexcobham. Tax Justice Network. Nairobi, 5th Pan African Conference on Illicit Financial Flows and Tax 2017. 11 October 2017. Overview. Success! Global target to cut illicit financial flows . THE FATF RECOMMENDATIONS. Presented by . ERM Institute. 1. A. AML/CFT POLICIES AND COORDINATION. . 2. THE FATF RECOMMENDATIONS. Assessing risks and applying a risk-based approach *. Countries should identify, assess, and understand the money laundering and terrorist financing risks for the country, and should take action, including designating an authority or mechanism to coordinate actions to assess risks, and apply resources, aimed at ensuring the risks are mitigated effectively. Based on that assessment, countries should apply a risk-based approach (RBA) to ensure that measures to prevent or mitigate money laundering and terrorist financing are commensurate with the risks identified. This approach should be an. Andy Logan. Associate Director, Oxford . Economics. 2 July. . 2014. Methods to estimate the . scale . of . illicit cigarettes. Smoker . surveys. Empty pack and cigarette butt . collection . and analysis. 46 Volume 4 • Issue 1 regulated businesses Money laundering – concealing the origins of illegally ob - tained funds – is not new. But the focus on money laundering by governments, Esther Aikiriza Kagira ,. Manager, Strategic Analysis AND STATISTICS. Financial Intelligence Authority -UGANDA. Structure of Presentation. Role of Financial intelligence Authority. Money Laundering (ML) and Terrorism Financing (TF)/PF. UNODC . UNCTAD-UNODC. Conceptual framework for the statistical measurement of Illicit Financial Flows. IFFs at the crossroad of multiple policy agendas. Vehicle to finance terrorism. Instrument for committing/facilitating corruption. 2. Introduction. 3. Objectives . What is Money Laundering & Sanctions?. Understand what are the PMLA regulatory obligations. Understand the Key Components of AML and Sanctions compliance program.