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Flagship Programs

 Flagship

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The World Bank has created a set of Technical Assistance programs that have enabled it to deliver more effective and comprehensive technical support in the area of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT).  These flagship programs have given a unique characteristic to Bank technical assistance programs, and resulted in client demand for Bank services.


Leadership program in financial market integrity

This is a two week annual program for heads of AML/CFT related institutions who are introduced to all aspects of an AML/CFT framework. The participants also visit Canadian and US agencies involved in implementing their respective AML/CFT regimes. To date, the Bank has conducted 5 programs for 42 client countries.

AML/CFT capacity enhancement program

This is four-phase long term program which helps build and enhance the capacity of institutions to fight money laundering and terrorist financing. The first phase is a regional ‘Train the Trainers’ workshop. The subsequent phases reinforce and ensure the quality of the trainers’ skills, while they train their colleagues in domestic agencies and institutions. The program has been conducted 11 times for 110 countries.

Financial analysis capacity enhancement program

This program uses a three phase approach to develop capacity for client countries in order to establish and enhance the process to develop, analyze, and use financial intelligence and data to identify risks in a financial system as well as detect instances of money laundering and terrorist financing. The program has been rolled out in 12 countries: Afghanistan, Cameroon, Iraq, Kosovo, Lao PDR, Malawi, Mexico (the pilot country), Moldova, Namibia, Nigeria, Syria, and Swaziland.

 

Another program that has been extremely successful is the deployment of in-country advisors. The Bank jointly sponsors with the United Nations Office on Drugs and Crime (UNODC), two AML/CFT advisors: one based in Slovenia for Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan; and the other based in Hanoi for Cambodia, Laos, and Vietnam. The advisors through close interaction with the respective authorities provide long term assistance; and contribute significantly to the development of the countries’ respective AML/CFT regime. Following the success of these advisors, consideration is being given to establish a similar position within Africa.

 

Training program on AML/CFT regulation and supervision
The Bank published a paper entitled, “Preventing Money Laundering and Terrorist Financing: A Practical Guide for Bank Supervisors.” Using the paper as a tool, the purpose of this training program is to strengthen the institutions that are responsible to conduct AML/CFT supervision in their respective banking sector. To date, this program has been delivered on a regional basis in Africa, the Middle East and North Africa, and South Asia.

 

Training program to prosecute money laundering crimes
This new program trains prosecutors and judges on how to prosecute money laundering crimes and confiscate the proceeds of crime. The program has been delivered in Cambodia, Haiti, Jordan, Malawi, Syria, and Tanzania, with plans to replicate in other countries.

 

The Bank, in collaboration with the Asia/Pacific Group on Money Laundering (APG), has deployed the strategic implementation plan tool. The purpose of the tool is to design a roadmap to implement the recommendations found in the countries’ respective assessment report. The Bank rolled out this program domestically in 5 countries: Cambodia (the pilot country), Indonesia, Malaysia, Palau, and Philippines; and regionally for member countries of the APG, the Eastern and South African Anti Money Laundering Group, and the Inter-Governmental Action Group against Money Laundering in West Africa. The Bank is planning to expand this program in other countries and regions.

 

The Bank’s work on policy development is also important for its impact on its flagship programs. For example, the Bank finalized the policy work on the money laundering and terrorist financing risk and vulnerability analysis tool. The purpose of the tool is to assist countries in identifying, prioritizing, and measuring risks and threats faced at both the national and sector levels. The transition from policy to technical assistance work began with testing the tool in the Ukraine and Namibia. As a result of the testing work, the tool will be finalized and made available to other client countries.




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