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Money Laundering

Key Issues and Possible Action

image of Money Laundering

This paper aims to draw attention to the key issues in combating money laundering and possible action that could be taken on a coordinated basis. It suggests measures to strengthen the financial sector, considers practical issues involved in combating money laundering in international financial centres and the problems of economic crime and tackling money laundering in the parallel economy. It concludes with a series of action steps which were subsequently presented to and adopted by Commonwealth Finance Ministers and Heads of Government as the basis for concrete action by Commonwealth countries.

English

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Foreword

Money laundering is a pervasive problem affecting countries large and small, rich and poor, as well as international financial centres. It poses a serious threat, not just to sound economic and financial development but to the political integrity and stability of nations. The Commonwealth has been in the forefront of international efforts to combat money laundering.

English

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