Tuesday, April 1, 2003
Volume:
19
Issue:
4
122
Abstract:
On February 14, 2003, the Financial Action Task Force (FATF) took action on several matters. With respect to its initiative against non-cooperative countries, it removed Grenada from the list of non-cooperative countries, withdrew counter-measures with respect to Ukraine, and decided on a date for counter-measures against the Philippines due its failure to correct previously identified deficiencies in its anti-money laundering regime. FATF issued new typologies and Interpretative Notes (IN) with respect to alternative remittances and wire transfers…[more]