2023 Review of The Fund’s Anti-Money Laundering and Combating The Financing of Terrorism Strategy
The IMF’s 2023 review underscores the ongoing threats of money laundering and terrorist financing to global financial stability. It evaluates the advancements in the AML/CFT strategy since 2018, noting improved integration in surveillance and policy design to mitigate financial crimes‘ macroeconomic impacts. The review advocates for deeper AML/CFT incorporation in the IMF’s core operations and enhanced capacity development to tackle emerging risks and maintain financial integrity.
INTERNATIONAL MONETARY FUND (IMF)
The IMF, established in 1944 to foster global monetary cooperation, provides policy advice, financial assistance, and capacity development to its 190 member countries. It is governed by the Board of Governors, advised by the IMFC, and day-to-day functions are managed by the Executive Board and IMF staff, headed by the Managing Director.