Transcript Measuring OECD Responses to Illicit Financial Flows from Developing Countries

Measuring OECD Responses
to Illicit Financial Flows
from Developing Countries
6th Meeting of National PCD Focal Points
13 June 2013
Measuring OECD Responses to
IIlicit Financial Flows
•
We are measuring policy and practice ‘effort’ by OECD
countries in addressing illicit flows originating from the
developing world.
•
We are NOT measuring volumes of financial flows
(estimates problematic but likely to outstrip aid). NOT
saying anything about the RELATIVE importance of the
various parts of the IFF landscape.
•
Output : comparative report based on open source
data, with recommendations.
Chapter 1: Concept of
ILLICIT FINANCIAL FLOWS
Therefore, the focus of our report is on:
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Money Laundering: AML Standards
•
Tax Evasion: Exchange of Information
(to address tax havens)
•
Bribery: Anti-Bribery Convention
•
Stolen Assets: Asset Recovery
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Development Cooperation
Chapter 2: Money Laundering
Average OECD Score on all 40 FATF Recommendations
CDD
Beneficial
ownership
PEPs
Correspondent
Banking
Regulation,
Supervision,
Monitoring
High risk
jurisdictions
Regulation of
DNFBPs
Sanctions
FATF: Best, Worst performers
Chapter 3: Tax Evasion
Fighting tax evasion through exchange of tax information
Chapter 4: International bribery
Source: OECD Working Group on Bribery Annual Report 2011, p.14.
Chapter 5: Recovering Stolen Assets
Chapter 6: What role for aid agencies?