BVI Handbook on International Co-operation challenges Money Laundering
In April 2007, the Government of the British Virgin Islands and the Financial Services Commission published Handbook on International Co-operation and Information Exchange: A Guide for Law Enforcement Officials and Regulators.
Accoding to the handbook, a financial crime includes offences involving money laundering, terrorist financing and misconduct/misuse of information related to financial market. So, the Guide discusses international co-operation paying much attention to one of the most serious financial crimes – money laundering.
The document compiled in the BVIÂ provides not only general information on international co-operation and information exchange, but also describes some key treaties and institutional initiatives regarding international co-operation.
Some treaties outlined in the Handbook have already been discussed previously as they are inevitable part of anti-money laundering processes. These are FATF 40 recommendations, International Monetary Fund and World Bank initiatives and some others.