Combating Money Laundering and Terrorist Financing: A Model of Best Practice for the Financial Sector, the Professions and Other Designated Businesses, Economic Paper 70 (Economic Papers)

It has been recognized that legislation alone is not sufficient to combat money laundering: it is essential for policy makers to cooperate with the financial sector in the development of legislation and regulation. These revised Guidance Notes are intended to serve both as a tool for national policy makers, at the macro level, and guidance to individual financial institutions on combating money laundering, at the micro level.