AMLCFT Measures at the EBRD

1
AML/CFT Measures at the EBRD

• Public-Private Co-operation in Combating the
  Financing of Terrorism
• Zurich, 5-6 December 2005
• Liévin Tshikali - Compliance Officer
• tshikall_at_ebrd.com

2
About the EBRD

• International financial institution
• Promoting Transition to market economies in 27
  former soviet countries
• Single largest investor
• Owned by 60 countries

Unaudited September 2005
3
Banks objectives?

• Investing mainly in the private sector
• Mobilising foreign direct investment
• Promoting sound and sustainable growth

4
How do we achieve these objectives ?

• Promoting
• market competition
• Structural reforms,
• sound corporate governance,
• including AML/CFT issues

5
Importance of AML/CFT measures
Financial Institutions 31
Transport 15
General Industry 12
Power Energy 7
Agribusiness 9
MEI 6
Natural Resources 8
Energy Efficiency 1
Telecoms 8
Property Tourism 3
Unaudited September 2005
6
Internal EBRD AML/CFT frameworks

• Implementation of International AML/CFT standards
• Know your customer
• Project teams hold full responsibility for client
  assessment
• Any concerns are raised with the Compliance Unit
• Decisions are taken on project by project basis

7
Internal EBRD AML/CFT measures (2/3) Financial
Institutions sector

• Knowledge of local legislation
• Understanding of key FATF principles
• Evidence that AML/CFT policies and procedures are
  in place and implemented

8
Internal EBRD AML/CFT measures (3/3)

• Additional due diligence
• Independent integrity investigations
• Identification of potential areas for improvement

9
External EBRD AML/CFT initiatives

• AML/CFT Seminars in 17 countries completed
• Objectives
• Results feedback
• Next steps
• Accession countries
• Balkans CIS countries

10
Final observations

• Know-Your-Customer is it enough ?

EBRD - Anti-Terrorist Statement 
http//www.ebrd.com/about/strategy/general/terror.
htm Book recommended Countering Terrorist
Financing A Training Handbook for Financial
Services, Tim Parkman. May 2006