FATF Issues Typologies Report, Withdraws Counter-Measures for Ukraine

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Tuesday, April 1, 2003
Author: 
Bruce Zagaris
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]