World Bank
The World Bank is a specialized UN institution uniting 184 member countries. The World Bank Group comprises the International Bank for Reconstruction and Development, the International Development Association, the International Financial Corporation, the Multilateral Investment Guarantee Agency, and the International Center for Settlement of Investment Disputes.
The main focus of World Bank activities is reducing poverty on the global scale and providing technical assistance to countries in various spheres: from education and healthcare to financial stability. The World Bank is funding efforts of governments in developing countries in the process of social and economic developing, assisting with the construction of schools and healthcare institutions, supplying the population with water and electricity, fighting disease and protecting the environment.
The World Bank is also providing technical assistance to member countries in combating money laundering, which mainly involves organizing various forms of training for representatives of interested national authorities and private sector organizations with the enlistment of international experts in the field.
The World Bank also publishes a number of reference publications devoted to issues of money laundering, the general anti-money laundering system, and financial intelligence units.
The World Bank conducts evaluations of financial sectors of its member states to determine the degree of national systems’ compliance with international AML/CFT standards.
Since 1996, the World Bank is also implementing 600 anti-corruption programs and initiatives to improve administration in nearly 100 member countries. These initiatives envisage a variety of measures: from requiring public officers to submit declarations of income, property and their origin, to professional development of judges, and training journalists in journalistic investigation techniques. Presently nearly one-fourth of all new projects involve components relating to public spending and the financial reform.