FATF Discusses Improving Anti-Corruption and Considers Results of Review of Standards

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Sunday, May 1, 2011
Author: 
Bruce Zagaris
Volume: 
27
Issue: 
5
Abstract: 
On February 23-25, 2011, under the Mexican Presidency the Financial Action Task Force (FATF) Plenary met in Paris. The meeting produced two public documents as part of its ongoing work to identify jurisdictions that may pose a risk to the international financial system, discussed how to improve cooperation between anti-money laundering, and anti-corruption, and discussed the results of the public consultation on the review of the FATF Standards. The FATF Plenary adopted mutual evaluation reports of France and the Netherlands, published the follow-up report to the mutual evaluation report of Singapore, and issued a statement on the progress made by Argentina in addressing deficiencies identified in their mutual evaluation of October 2010. FATF agreed to hold the Annual meeting on experts on typologies, organized jointly with the APG in Busan, Korea at the end of November 2011...(more)...