This
commission, created in 2002, comprises of 100 members of which more than 30
meet 5 times per year to discuss one theme: the fight against money-laundering
and the financing of terrorism.
The
principle objective of the commission is to discuss the difficulties
encountered in the interpretation and implementation of regulation, to look for
solutions, and to identify the best practices. As with all OCBF commissions, it
keeps up to date with changes in regulation and legislation, but a large part
of the meetings are dedicated to the questions participants have on the difficulties
they have encountered in their every day practices (such as long distance
relations, identification of people who are politically at risk etc. ) The
commission also examines the sanctions of authorities so that these practical
lessons can be used in the implementation of measures in the fight against
money-laundering.
Since 2010
a project group has brought together establishments with activities orientated
towards Africa and the Middle East to discuss the problems they’ve encountered
in the fight against money laundering. The main objective is to pool knowledge
about these countries (legislation and local threats) and to formulate common
practices on the treatment of operations.
In 2013, a project group was created for the purposes of following propsals of revisions of directives on the fight against money-laundering.