Money Laundering

Key Issues and Possible Action

image of Money Laundering

This paper aims to draw attention to the key issues in combating money laundering and possible action that could be taken on a coordinated basis. It suggests measures to strengthen the financial sector, considers practical issues involved in combating money laundering in international financial centres and the problems of economic crime and tackling money laundering in the parallel economy. It concludes with a series of action steps which were subsequently presented to and adopted by Commonwealth Finance Ministers and Heads of Government as the basis for concrete action by Commonwealth countries.



Key Issues, Action Steps and Conclusions

Many of the topics identified in this paper are technical matters, on which Senior Officials may wish to comment and reach a good measure of agreement in the course of their deliberations in Sri Lanka. Decisions in respect of other issues could be taken at the political level. For Senior Officials the main purpose of discussing these subjects will be to distil the key underlying issues, so that Finance Ministers can be presented with the clearest possible basis for reaching their conclusions.


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