money laundering tagged posts

FATF Identifies Anti-Money Laundering Deficient Countries

March 1, 2011 International Tax Cooperation

Anti-Money Laundering Progress Report ReleasedIn a continued fight against international money laundering and terrorist financing, the Financial Action Task Force has released two public documents listing countries with legislative deficiencies when combating such illicit activities .

Last week the Financial Action Task Force (FATF) updated its list of countries which are deemed as having strategic deficiencies in their provisions for anti-money laundering (AML) and combating the financing of terrorism (CFT). The list was made available through a set of public documents, which highlighted the countries that were deemed as not having taken adequate action following talks with the FATF held in 2010...

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