Brunei Country Knowing

HTTP/1.0 200 OKConnection: closeDate: Thu, 14 Jul 2005 03:25:39 GMTAccept-Ranges: bytesETag: "1b8ab94-9200-4236ea25"Server: ApacheContent-Length: 37376Content-Type: application/mswordLast-Modified: Tue, 15 Mar 2005 13:59:01 GMTClient-Date: Thu, 14 Jul 2005 03:15:28 GMTClient-Peer: 208.254.57.189:80Client-Response-Num: 1╨╧рб▒с>■ 1
DF
■   C                                                                                                                                                                                                                                                                                                                                                                                                                                                ье┴7 1Ё┐D9bjbjUU1"F7|7|D5      lю
ю ... [Read More]

Introduction

What the Report Is and Is Not. The annual trafficking report includes those countries1 determined to have a significant number of victims of severe forms of trafficking. The narratives provide an overview of the trafficking situation in the country and the governmentТs efforts to combat trafficking. The first paragraph of each narrative describes the scope and nature of the trafficking problem in the country, and thus indicates the reasons the country has been included in the report. The second paragraph indicates the extent of the governmentТs compliance with minimum standards and includes some suggestions for efforts to combat trafficking. The succeeding paragraphs describe some of the governmentТs efforts to prevent trafficking, prosecute traffickers, and protect victims, and thus illustrate the reasons the country has been placed in Tier 1, 2 or 3 of the report. The narratives do not include extensive details ... [Read More]

Country Reports: N-Z

Namibia Namibia is not a regional financial center. In addition to its Central Bank, Namibia has four commercial banks. Of particular concern in Namibia is the smuggling of precious minerals and gems, the proceeds of which Namibian authorities think may be laundered through Namibian financial institutions. In November of 2004, Namibia criminalized money laundering with passage of the Prevention of Organized Crime Bill. The new law requires both bank and non-bank financial institutions to report suspicious transactions to the Central Bank and provide relevant documents and other information to government authorities for use in criminal investigations. Non-bank financial institutions, such as private pension funds, the stock exchange, and investment companies, were previously ... [Read More]

Southeast Asia

Drug Flow/Transit. The Philippines is a major source and transshipment country. Illegal drugs enter the country through seaports, economic zones, and airports. With over 36,200 kilometers of coastline and 7,000 islands, the Philippines is a drug smuggler's paradise. Vast stretches of the Philippine coast are unpatrolled and uninhabited. Capitalizing on this phenomenon, drug traffickers use shipping containers, fishing boats, and cargo vessels, which off-load to smaller boats, to transport multiple hundred-kg quantities of methamphetamine and precursor chemicals. Marine interdiction efforts are hamstrung by limited equipment, training, and intelligence coordination between the armed forces and law enforcement. ... [Read More]

M) Money Laundering and Financial Crimes

In the Country/Jurisdiction Table on the following page, "major money laundering countries" are identified for purposes of INCSR reporting requirements. Identification as a "major money laundering country" is based on whether the country or jurisdictionТs financial institutions engage in transactions involving significant amounts of proceeds from serious crime. It is not based on an assessment of the country or jurisdictionТs legal framework to combat money laundering or the degree of its cooperation in the international fight against money laundering. ... [Read More]

Money Laundering and Financial Crimes

Since March 1996, currency exchange houses have been required to issue a receipt and to keep records identifying both the buyer and seller on all foreign exchange transactions over $10,000. Copies of the receipts are sent to the Internal Tax Service; the information is also available to the CDE. Failure to complete the invoice and report the transaction carries criminal sanctions. In March 1997, the Chilean Superintendency of Banks and the U.S. Federal Reserve Board of Governors entered into an agreement to cooperate in the supervision of cross-border branches and other establishments of banking organizations incorporated in both Chile and the United States. Each regulator has undertaken to notify the other of applications filed by banking organizations from the other country and of any supervisory concerns with respect to the local operations of banking organizations from the other country, and to exchange other information relevant to their ongoing supervision of operations from the ... [Read More]