CICAD: Anti-money Laundering


CICAD: Anti-money Laundering


CICAD: Anti-money Laundering


CICAD: Anti-money Laundering


CICAD: Anti-money Laundering

Anti-Money Laundering


CICAD’s Anti-Money Laundering (AML) Section was established in late 1999, due to CICAD's increased activities of training and assisting Member States in the control of money laundering. The section focuses its efforts on providing technical assistance and training on judicial, law enforcement and financial matters. It also acts as the technical secretariat of CICAD’s Expert Group on the Control of Money Laundering.

The Expert Group is the hemispheric forum to discuss, analyze and draft policies to deal with money laundering and the financing of terrorism. Through this expert group, which was founded in 1990 under the Legal Development Unit, the Model Regulations on Money Laundering Offenses Related to Drug Trafficking and Other Criminal Offenses were drafted and approved in 1992. These regulations serve as a permanent legal reference document to provide a legal framework to Member States.

The Anti-Money Laudering Section works with international and national institutions to develop training activities and technical assistance. The main partners are the Inter-American Development Bank (IADB), the Bureau of International Narcotics and Law Enforcement Affairs (INL) of the U.S. Department of State, the Ministry of Interior and the Plan Nacional de Drogas of Spain, and the United Nations Office on Drugs and Crime (UNODC). Similar cooperation links were established with the governments of Canada and France for joint training efforts in the region. CICAD has trained more than 1,800 officials to date.

In 1999, the IADB-CICAD project for training employees of banking and financial supervisory institutions was initiated in eight South American countries. In 2001, another program was developed to work with judges and prosecutors in eight South American countries. In 2002, a project to create and strengthen financial intelligence units in was initiated in Argentina, Brazil, Chile, Ecuador, Peru, Uruguay, and Venezuela.

A CICAD specialist leads a course on how to detect suspicious
banking operations in Lima in 2009.

The most noteworthy programs carried out by the Section are:

  • Bankers and Regulators: to provide training and technical assistance to financial entities on the typologies of money laundering offenses used in financial institutions.
  • Judges and Prosecutors: to train each country’s judiciary on techniques for detecting money laundering, developed in partnership with the Plan Nacional de Drogas of Spain and complemented by the IADB.
  • Financial Intelligence Units: to create and develop institutions to control and analyze tendencies of organized crime to launder assets. Training and assistance is provided in the legal, institutional, training and technological areas in the financial intelligence units.
  • Law Enforcement Training on Money Laundering: to train law enforcement officers in 1) strategic techniques to facilitate financial investigations that reduce the proceeds of all serious crimes and improve prosecutions of money laundering/terrorist financing offences and 2) the seizure of property connected to these criminal activities. Through the implementation of this project, law enforcement agencies upgrade their operations and build an effective response to those criminal activities.

updated on 7/30/2014 10:49:49 AM