Handbook of Anti-Money Laundering.

CHAPTER 27COUNTRY PROFILES

There now follows a series of country profiles which provide details of the key rules and regulations that apply in a variety of specific jurisdictions. As you will note, each profile essentially follows the same format to enable readers to promptly obtain the key information that they require. Of course, rules and regulations do change over time and therefore reference should always be made to the specific rules and regulations of the specific jurisdiction to ensure that accurate and up-to-date information is obtained. However, these profiles do highlight both the similarity in the regimes applied internationally and specific issues relevant to individual jurisdictions.

The common content of the jurisdictional regulations is due to the FATF Recommendations having been implemented in the majority of countries. There is still, however, some space for variation and this is, where appropriate, dealt with in this text.

Throughout these sections we have sought to identify examples where action has been taken within the local jurisdiction against money launderers or terrorist financers. Where reference has been made to completed cases, the information has been sourced from publicly available texts which are referenced in the section. The cases will not provide all of the relevant information regarding any specific case, and names have been removed where practicable. These cases are provided to enable the reader to assess how financial crime can work in practice ...