Bolivia : Report on Observance of Standards and Codes--FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

[摘要] This report is on the observance ofstandards and codes (ROSC) for the "Financial ActionTask Force (FATF) 40 Recommendations for Anti-MoneyLaundering and 8 Special Recommendations Combating theFinancing of Terrorism." Bolivia's system toprevent and suppress money laundering fulfills most of theFATF 40 recommendations and applies to the insurance, stockmarket, and financial sectors. However, the system does notinclude other activities that are susceptible to moneylaundering, such as currency exchange houses or moneytransfer agencies. This is an aspect that the authoritieshope to rectify in the medium term. The institutionalregulatory, supervisory, and financial intelligenceresponsibilities for combating money laundering areconcentrated in the FIU. However, the FIU is not able tocarry out on-site supervision of the financial system, andthe sectoral superintendence's do not supervisecompliance with anti-money laundering standards either.Moreover, there is no high-ranking authority promoting anintegrated anti-money laundering policy. Instead, this isleft in the hands of the FIU, which lacks the means to pushfor legislative reforms on its own or to strengthen theefficacy of the system to suppress money laundering. One ofthe initiatives that the FIU has undertaken to this end isthe drafting of a law to expand the criminal classificationand extend the obligation to prevent money laundering to newsectors, such as currency exchange houses. By the sametoken, the superintendence of Banks and financialinstitutions will issue a regulation making the duties offinancial institutions' external auditors moreexacting. Lastly, it will begin in the near future to applythe interinstitutional cooperation convention recentlysigned by various public entities involved in anti-moneylaundering efforts, with the aim of achieving better resultsin terms of cases brought to trial, convictions, and goods confiscated.

[发布日期] 2002-10-30 [发布机构] Washington, DC

[学科分类] 社会科学、人文和艺术（综合）

[关键词] ABDUCTION;ABUSE;ACTION PLAN;ADMINISTRATIVE SYSTEM;ASSETS