Money laundering through money remittance ... - Council of Europe

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2010 - Money Laundering through Money Remittance and Currency Exchange Providers Money orders providers 56 - © 2010 MONEYVAL and FATF/OECD Travellers‟ checks issuers Check cashing providers Bureaux de change Currency dealers Currency exchange service providers Stored value means providers 29 Other Remarks Cyprus 0 0 0 0 0 0 0 X Companies (legal persons) specifically licensed by the Central Bank of Cyprus to provide exclusively “money transfer services” Denmark 0 0 0 0 0 0 0 (MTS means the operation of a business whose activities consists of the acceptance of money, exclusively for their speedy transfer from and to the Republic of Cyprus by any means) Estonia X X X X X X X providers of payment services , Finland X X X X X X X 0 money broker service providers France X X X X X X X MR conduct as a business is under the provision of the banking regulation. Georgia X 0 0 X 0 0 0 0 Germany X X 0 X X X 0 X Greece X 0 0 X 0 X 0 X Electronic money institutions Italy X 0 0 X 0 0 X *There are no such entities in our jurisdiction. Nevertheless these activities may be carried out by banks and supervised financial institutions.
Money orders providers Travellers‟ checks issuers Check cashing providers Bureaux de change Currency dealers Money Laundering through Money Remittance and Currency Exchange Providers - 2010 Currency exchange service providers Stored value means providers 29 Other Remarks Japan 0 0 0 0 0 0 0 0 *As the definition of MR/CEs is not provided in this questionnaire, Japan assumes that MR/CEs are non-banking financial institutions providing money remittance services. In our jurisdiction, money remittance services are provided only by banks based on the Banking Act. Latvia X X X Others – banks. Moreover, the Latvian Post is the only national MR provider. Liechtenstein There is no separate definition of MR/CEs in Liechtenstein. All services listed below can only be offered by Banks, Bureaux de change, or the Postal Services Lithuania 0 0 0 0 0 0 0 X Other – banks. Lithuanian Post provides MR services. Macau, China 0 0 0 X 0 X 0 - Malta 0 X X X X X Agents of authorised financial institutions – see point 4 below - such as the Post Office, travel agencies, stationeries, and others as may be authorised in terms of Article 8A of the Financial Institutions Act. Mexico X X X X X X 0 0 Moldova X Monaco 0 0 0 0 0 0 0 X “Banque Postale” Netherlands 0 X X X 0 0 0 - Nigeria X X X X X X © 2011 MONEYVAL and FATF/OECD - 57
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FATF Report Financial Action Task F
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Money Laundering through Money Remi
Page 5 and 6: Money Laundering through Money Remi
Page 13 and 14: Country N° of MR providers Country
Page 27 and 28: Customer: individual Mechanism: mon
Page 29 and 30: Example 6 - Ownership of bureaux de
Page 41 and 42: Types of customers serviced by the
Page 45 and 46: Africa Egypt * Nigeria* Americas Ar
Page 55: Money orders providers ANNEX 3 - TA
Page 63 and 64: Country Central bank FIU Albania +
Page 77 and 78: Issuer, seller, or redeemer of stor
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Money laundering through money remittance ... - Council of Europe

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