Monday, February 20, 2012

FATF Identifies Jurisdictions with Strategic Deficiencies

In order to protect the international financial system from money laundering and terrorist financing, the FATF has published the following public documents, identifying countries with strategic deficiencies regarding anti-money laundering and combating the financing of terrorism (AML/CFT).

The Financial Action Task Force (FATF) is an inter-governmental body whose purpose is the development and promotion of policies, both at national and international levels, to combat money laundering and terrorist financing.  The Task Force is therefore a "policy-making body" which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.

Followings are list of countries laid down as AML/CFT strategic deficiencies country:

Democratic People's Republic of Korea (DPRK)
Cuba**
Bolivia
Indonesia
Kenya
Myanmar
Nigeria
Pakistan
São Tomé and Príncipe

No comments:

Post a Comment