Banks must undertake due diligence measures on customers in the frame of money laundering prevention. Under the Recommendation No 17, the Financial Action Task Force (FATF) allows States to admit a financial institution to rely on due diligence procedures performed by other financial institutions or introducers. The aim of this paper is to analyse the FATF Recommendation No 17 regarding this issue, and to identify some potential obstacles on its implementation and compliance between banks.
|Título traducido de la contribución||Money laundering prevention and banking cooperation regarding due diligence on customers compliance: Financial action task force recommendation no 17 analysis and identification of some obstacles for its implementation|
|Publicación||Revista Chilena de Derecho|
|Estado||Publicada - ago. 2016|
|Publicado de forma externa||Sí|
- Banking secrecy
- Due diligence
- Money laundering