| Description |
1 online resource (250 pages) : color illustrations |
| Series |
IMF country report ; no. 07/2 |
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IMF country report ; no. 07/2.
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| Contents |
Cover; Contents; Acronyms; Preface-information and methodology used for the evaluation; EXECUTIVE SUMMARY; 1. OVERVIEW; 1.1 Background information on the Kingdom of Denmark; 1.2 General Situation of Money Laundering and Financing of Terrorism; 1.3 Overview of the Financial Sector and DNFBP; 1.4 Overview of commercial laws and mechanisms governing legal persons and arrangements; 1.5 Overview of strategy to prevent money laundering and terrorist financing; 2. Legal System and Related Institutional Measures; 2.1 Criminalization of Money Laundering (R.1, 2 & 32); Tables; 1. Detailed Assessment |
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2.2 Criminalization of terrorist financing (SR. II & R. 32)2.3 Confiscation, freezing and seizing of proceeds of crime (R.3 & 32); 2.4 Freezing of funds used for terrorist financing (SR. III & R.32); 2.5 The Financial Intelligence Unit (FIU) and its functions (R.26, 30 & 32); 2.6 Law enforcement, prosecution and other competent authorities-the framework for the investigation and prosecution of offences, and for confiscation and freezing (R.27, 28, 30 & 32); 2.7 Cross Border Declaration or Disclosure (SR. IX & R.32); 3. Preventive Measures-Financial Institutions |
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3.1 Risk of money laundering or terrorist financing3.2 Customer due diligence, including enhanced or reduced measures (R.5 to 8); 3.3 Third parties and introduced business; 3.4 Financial institution secrecy or confidentiality (R.4); 3.5 Record keeping and wire transfer rules (R.10 & SR. VII); 3.6 Monitoring of transactions and relationships (R.11 & 21); 3.7 Suspicious transaction reports and other reporting (R.13, 14, 19, 25 & SR. IV); 3.8 Internal controls, compliance, audit and foreign branches (R.15 & 22); 3.9 Shell banks (R.18) |
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3.10 The supervisory and oversight system-competent authorities and SROs: Role, functions, duties and powers (including sanctions) (R.23, 30, 29, 17, 32 & 25)3.11 Money or value transfer services (SR. VI); 4. Preventive Measures-Designated Non-Financial Businesses and Professions; 4.1 Customer due diligence (R.12) (Applying R.5,6,8-11 & 17 (only sanctions for these Recommendations; 4.2 Suspicious transaction reporting (R. 16) (applying R13-15 & 21); 4.3 Regulation, supervision, and monitoring (R.24 and R.25.1) |
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4.4 Other non-financial businesses and professions -- Modern secure transaction techniques (R.20)5. Legal Persons and Arrangements & Nonprofit Organizations; 5.1 Legal Persons-Access to beneficial ownership and control information (R.33); 5.2 Legal Arrangements-Access to beneficial ownership and control information (R.34); 5.3 Non-profit organizations (SR VIII); 6. National and International Cooperation; 6.1 National cooperation and coordination (R.31 & 32) (criteria 32.1 only); 6.2 The Conventions and UN Special Resolutions (R.35 & SR. I); 6.3 Mutual Legal Assistance (R.32, 36, 37, 38, SR. V) |
| Summary |
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country |
| Notes |
Cover title |
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"This detailed assessment of Anti-Money Laundering and Combating the Financing of Terrorism for Denmark was prepared by a staff team of the International Monetary Fund using the assessment methodology adopted by the Financial Action Task Force in February 2004 and endorsed by the Executive Board of the IMF in March 2004." |
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"January 2007." |
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Title on added title page: Financial sector assessment program : Denmark : detailed assessment of anti-money laundering and combating the financing of terrorism |
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Print version record |
| Subject |
Terrorism -- Denmark -- Finance -- Prevention
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Terrorism -- Finance -- Prevention
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Anti-Money Laundering.
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Terrorism.
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Money Laundering.
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Denmark
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Denmark.
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| Form |
Electronic book
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| Author |
International Monetary Fund. Monetary and Financial Systems Department, issuing body.
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| ISBN |
1280884622 |
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9781280884627 |
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9781452732336 |
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1452732337 |
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9781451811131 |
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1451811136 |
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1451879326 |
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9781451879322 |
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