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International Monetary Fund
This report reviews observance of Standards and Codes for the Financial Action Task Force (FATF) 40+9 Recommendations and the Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT) measures in place in Finland. The report describes the level of compliance with the FATF 40+9 Recommendations, and contains recommendations on how the AML/CFT system could be strengthened. The report reveals that Finland has a good legal structure to combat money laundering and terrorist financing.
International Monetary Fund

further guidance to the entities they supervise which specifically addresses AML/CFT matters and that these authorities work with the MLCH to produce updated best practices guidance which targets the needs of each of the types of obliged parties. Recommendation 29 Finland should consider clarifying the scope of the FSA’s stated mandate to explicitly not that it includes AML/CFT supervision, similar to the ISA authority provided in s.5, chapter 14, ISA Act . Supervisors with AML/CFT authority should be appointed over the money remittance

International Monetary Fund
Israel’s compliance with International Organization of Securities Commissions’ objectives and Principles of Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of major jurisdictions. For the most part, it is compliant with international standards and regulation, and oversight by the Israel Securities Authority is robust and effective. With regard to the regulation of broker dealers, there is a significant gap in the coverage of the regulatory regime.
International Monetary Fund

should be taken to ensure that the regulatory approaches taken by TASE (for nonbank members) and by the bank supervisor (for banks) is consistent. Authorities should ensure that the framework for cooperation works effectively in practice, especially in areas where more than one regulator has responsibility for a regulated entity, Principle 2 Authorities should proceed with proposals to amend the legislation to make clear that decisions of a purely regulatory character are to be made by the ISA. Authorities should consider whether is necessary to

International Monetary Fund
This Detailed Assessment of Standards and Codes on the Kingdom of the Netherlands—Netherlands reviews Basel Core Principles for effective banking supervision. Because of the highly developed nature of the Netherlands insurance market and the large exposure to international financial activities, this assessment comments on both the essential and advanced criteria, underpinning each core principle. The authorities in the Netherlands are actively pursuing a number of legislative and supervisory initiatives that hold the potential to materially improve the level of observance.
International Monetary Fund

This Detailed Assessment of Standards and Codes on the Kingdom of the Netherlands—Netherlands reviews Basel Core Principles for effective banking supervision. Because of the highly developed nature of the Netherlands insurance market and the large exposure to international financial activities, this assessment comments on both the essential and advanced criteria, underpinning each core principle. The authorities in the Netherlands are actively pursuing a number of legislative and supervisory initiatives that hold the potential to materially improve the level of observance.