FATF Decides to Keep Blacklist and Expand its Campaign

On October 4-6, 2000, the Financial Action Task Force on Money Laundering (FATF) met in Madrid to discuss its strategy to expand the anti-money laundering enforcement regime. At a news conference on October 5, 2000, FATF welcomed progress made in recent months by a group of jurisdictions charged with being non-cooperative, but refused to remove any of the 15 jurisdictions from a “noncooperative” list published in June 2000. While FATF praised many jurisdictions for achieving “significant, rapid progress” in their anti-money laundering efforts since being named as uncooperative in June, it decided that none merited being struck from the list. Instead, FATF promised to continue monitoring progress toward compliance with international norms...[more]