Detailed Information :

Tools:

Resources on Anti-Money Laundering and Asset Recovery from the World Bank.

Case Stummaries:

The Wolfsberg Group is an association of twelve global banks, which aims to develop the financial services industry standards for Know Your Customer, Anti-Money Laundering, and Counter Terrorist Financing policies. In early 2007, the Group issued its Statement against Corruption.

The Wolfberg Statement Against Corruption, Wolfberg Group 2006 .

Integrity Pact between the National Bank of Pakistan (NBP) and Transparency International-Pakistan (TI-P): NBP and TI-P signed a Memorandum of Understanding for implementation of an Integrity Pact and transparency in the bank’s procurement systems.

Equator Principles: The Equator Principles (EP) are a set of environmental and social benchmarks for managing environmental and social issues in finance projects.The Equator Principles commit the adoptees to refrain from financing projects that fail to follow processes defined by the Principles.

The Stolen Asset Recovery (StAR) initiative: The StAR initiative was launched jointly by the UN Office on Drugs and Crime (UNODC) and the World Bank Group (WBG) in September 2007 to help developing countries recover stolen assets (i.e. cross-border flow of the global proceeds from criminal activities, corruption, and tax evasion).

Stolen Asset Recovery Initiative (StAR): Challenges, Opportunities, and Action Plan, World Bank June 2007.