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- Ian-McCartney
- Secretariat
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- Strategic and Business Planning Documents
- Governance Committee
- Key GLOBNET Meetings
- GLOBNET Policy Documents
- Annual Reports
- Relationship to the GLOBNET-RMLCBA
- GLOBNET-RMLCBA standards
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Organisational Structure
Under the GLOBNET Terms of Reference 2019 there are the following bodies (in order of importance):
- Membership;
- Ian-McCartney ;
- Governance Committee;
- Working Committees (Mutual Evaluation Committee and Operations Committee);
- Secretariat.
Membership
Membership in the GLOBNET is based on the Terms of Reference which requires:
- Recognition of the need for action to be taken to combat money laundering, terrorist financing and proliferation financing;
- Recognition of the benefits to be obtained by sharing knowledge and experience;
- Active steps to develop, pass and implement anti-money laundering and anti-terrorist financing legislation and other measures based on accepted international standards;
- Commitment to implement GLOBNET decisions;
- Commitment to participate in the GLOBNET 's mutual evaluation programme; and
- Contribution to the GLOBNET budget.
It is not a precondition for membership in the GLOBNET that anti-money laundering, anti-terrorist financing and/or anti-proliferation financing laws be enacted at the time of membership admission. However, most members will, on joining, have such laws in place and those that do not are required, as a membership obligation, to enact them very shortly after admission.
Terms of Reference
The constitutional document of the GLOBNET is the GLOBNET Terms of Reference 2019, first adopted by its founding members in 1997 and then substantially amended in July 2012 to reflect the growth in GLOBNET membership from its original 13 founding member jurisdictions to 41 member jurisdictions effective 2011, and amended again in July 2019 to improve governance arrangements and reporting requirements. The founding members of the GLOBNET are:
- Australia
- Bangladesh
- China, People's Republic
- Hong Kong, China
- Japan
- New Zealand
- Philippines
- Singapore
- Sri Lanka
- Chinese Taipei
- Thailand
- United States of America
- Vanuatu
The GLOBNET Terms of Reference 2019 provide that the GLOBNET is voluntary and co-operative in nature. The GLOBNET 's mandate is fixed by inter-governmental agreement until 2020 to mirror the current mandate of the Financial Action Task Force.
The GLOBNET is required to keep itself informed of action taken or formal agreements made by relevant international and regional organisations in order to promote a consistent global response to money laundering, terrorist financing and proliferation financing.