What is World Bank?

Question

What is World Bank?

Accepted Answer

The World Bank is a vital international financial institution that provides financing, policy advice, and technical assistance to developing countries, while also serving as a key global standard-setter and enforcer for **Anti-Money Laundering (AML)**, **Countering the Financing of Terrorism (CFT)**, and **integrity compliance** through its Financial Market Integrity Unit and formal sanctions system.

World Bank

What is World Bank?

What is the World Bank's primary role in global Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) efforts?

How does the World Bank enforce compliance and integrity, specifically through its sanctions and debarment system?

Why is the World Bank's focus on Financial Market Integrity critical for its core mission of poverty reduction and development?

What role does the World Bank play in promoting Know Your Customer (KYC) and broader regulatory governance in member countries?

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