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.



International Financial Centres

Many developing countries are looking to the development of a significant financial sector as a key to economic development. This approach has been stimulated by the increasing globalisation of financial and capital markets resulting from financial and economic liberalisation.


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