The International Monetary Fund (IMF) has published an extensive book to assist anti-money laundering and combating terrorism financing (AML/CFT) policymakers and practitioners in identifying key challenges and good practices for strengthening the effectiveness of counter terrorism financing frameworks.

The roles of financial institutions (FIs) are discussed in detail in the book, Countering the Financing of Terrorism: Good Practices to Enhance Effectiveness. Topics include frustration amongst FIs at the lack of information or guidance from law enforcement; tensions between reporting requirements versus secrecy and privacy laws, and the relatively high terrorist financing risk profile of banks compared with most other FIs and non-financial reporting entities.

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