Skip navigation

Economic & Sector Work :: Financial Sector Assessment Program (FSAP)

Malawi - Mutual Evaluation Report : Anti-Money Laundering and Combating the Financing of Terrorism

ABUSE ACCOUNTING ADMINISTRATION OF JUSTICE ANTI-CORRUPTION ANTI-MONEY LAUNDERING ANTICORRUPTION ANTICORRUPTION BUREAU ASSET MANAGERS ASSETS BANK ACCOUNTS BANK CUSTOMERS BANK SUPERVISION BANKING MARKET BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKS BEARER CERTIFICATES BEARER INSTRUMENT BENEFICIARIES BRIBERY BROKERS BUSINESSMAN CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CASH TRANSACTION CDS CERTIFICATES OF DEPOSIT COLLECTIVE INVESTMENT COMMERCIAL BANK COMMERCIAL BANKERS COMMERCIAL BANKS COMMERCIAL LAWS COMMERCIAL TRANSACTIONS COMMON LAW COMPLAINTS CONFIDENCE CONFISCATION ORDER CONSTITUTIONAL COURT CONSUMER CREDIT COOPERATIVES CORRUPT CORRUPT PRACTICES CORRUPTION OFFENCE CORRUPTION PREVENTION COURT COURTS CREDIT CARDS CRIME CRIMES CRIMINAL CRIMINAL LAW CRIMINAL LAWS CRIMINALIZATION CURRENCY CUSTODY CUSTOMARY LAW DEBIT CARDS DEBT DEBT MANAGEMENT DEMOCRACY DEPOSITS DERIVATIVES DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTIONS DISCRETION DIVERSIFICATION DRUG TRAFFICKING DUE DILIGENCE ECONOMIC GROWTH EMERGENCY SITUATIONS EMPLOYERS ENFORCEMENT AGENCIES ENFORCEMENT AGENCY ETHICS EXCHANGE CONTROL EXPENDITURES EXPLOITATION EXTORTION EXTRADITION FACTORING FINANCIAL ASSETS FINANCIAL CRIME FINANCIAL CRIMES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTELLIGENCE FINANCIAL INTELLIGENCE UNIT FINANCIAL LEASING FINANCIAL RESOURCES FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIAL SYSTEM FOREIGN BANK FOREIGN BANKS FOREIGN EXCHANGE FRAUD FUTURES GOOD GOVERNANCE GROSS DOMESTIC PRODUCT HOME HOUSES HUMAN RESOURCES IMPRISONMENT INFLATION INSIDER TRADING INSURANCE PREMIUMS INTANGIBLE INTEREST RATE INTEREST RATES INTERNAL CONTROLS INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTIGATION INVESTIGATIONS INVESTING ISSUANCE JUDGES JUDICIAL PROCESS JUDICIAL SERVICE JUDICIARY JUSTICE JUSTICE SYSTEM KIDNAPPING LAW ENFORCEMENT LAWS LAWYER LAWYERS LEGAL EDUCATION LEGAL ENTITY LEGAL FRAMEWORK LEGAL SYSTEM LEGISLATION LEGISLATIVE FRAMEWORK LEVEL OF COMMITMENT LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDATION MANDATES MARKET CAPITALIZATION MARKET SIZE MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICROFINANCE MINISTER MINISTERS MONETARY FUND MONEY LAUNDERING MONEY MARKET MONEY MARKET INSTRUMENTS MONEY ORDERS MORTGAGE MORTGAGE BANKS MORTGAGE CREDIT MUTUAL FUNDS MUTUAL LEGAL ASSISTANCE NATIONAL SECURITY NEW ENTRANTS NONPROFIT ORGANIZATIONS NOTARIES OFFENCES OFFENDERS PENAL CODE PENALTIES PENALTY PENSION PENSION FUNDS PENSIONS POLICE PORTFOLIO PORTFOLIO MANAGEMENT PRIVATE BANKING PROSECUTION PROSECUTIONS PROSECUTOR PROSECUTORS PUBLIC EDUCATION PUBLIC EXPENDITURES PUBLIC OFFICIAL PUBLIC OFFICIALS REAL ESTATE RECEIPT REGISTRATION REQUIREMENT REGULATORY FRAMEWORK REMEDY REMITTANCE RESERVE RESERVE BANK RESTRAINT ORDER RESTRAINT ORDERS RETURN ROBBERY SANCTIONS SAVINGS SAVINGS BANK SAVINGS INSTITUTIONS SECURITIES SECURITIES MARKET SEIZURE SHAREHOLDERS SOLICITATION STATE GOVERNMENT STOCK EXCHANGE SUBSIDIARY SUFFRAGE SUPERVISION OF BANKS SUPERVISORY AUTHORITY TAX TAXATION TERRORISM THEFT TRADING TRANSACTION TRANSPARENCY TRANSPORT TREASURY TRIAL TRUST DEED TRUSTEE UNDERWRITERS UNIONS WARRANTS WILL WIRE TRANSFER
55
0

Attachments [ 0 ]

There are no files associated with this item.

More Details

Washington, DC
Africa | Malawi
2012-06-13T22:10:39Z | 2012-06-13T22:10:39Z | 2008-12

Malawi is a land-locked country. It is bordered by Zambia to the north-west, Tanzania to the north and Mozambique, which surrounds it on the east, south and west. This Report provides a detailed assessment of the Anti-Money Laundering AML/Combating the Financing of Terrorism CFT measures in place in Malawi as of May 11, 2008, two months after completion of the on-site mission. It describes analyses and makes an assessment of the measures and systems in place as of that date, and provides recommendations on how certain aspects of the system could be strengthened. This report provides a detailed assessment of the level of compliance, and provides recommendations to improve compliance with the prevailing context of Malawi. The government of Malawi has demonstrated a high level of commitment to establishing a strong AML/CFT framework. This commitment is reflected by the enactment of the Money Laundering proceeds of serious crime and Terrorist Financing act in August 2006 (ML and TF Act) and the beginnings of an implementation program. Finally, in order to ensure the effective implementation of the ML and TF framework, building the technical AML capacity/knowledge of law enforcement agencies, the public prosecutors and the judiciary will be critical.

Comments

(Leave your comments here about this item.)

Item Analytics

Select desired time period