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Reports / Website Updates

28 June 2015  -   Outcomes of the Plenary meeting of the FATF, Brisbane, 24-26 June 2015.  

FATF calls on its members and other jurisdictions to apply counter-measures to protect the
international financial system from the on-going and substantial money laundering and
terrorist financing (ML/TF) risks emanating from the jurisdictions of: -

Iran  and  Democratic People's Republic of Korea (DPRK)

The following jurisdictions have been identified as not having made sufficient progress in
addressing deficiencies or have not committed to an action plan developed with the FATF to
address the deficiencies. FATF calls on its members to consider the risks arising from the
deficiencies associated with: -

Algeria   Myanmar  

Ecuador has been removed from the list of jurisdictions that have been identified as not
having made sufficient progress in addressing deficiencies and placed on the list of those
countries that have developed an action plan with the FATF.

FATF is not yet satisfied that
Iraq has made sufficient progress on its action plan agreed upon
with the FATF.

FATF identifies a number of jurisdictions which have strategic AML/CFT deficiencies for which
they have developed an action plan with the FATF. While the situations differ among each
jurisdiction, each jurisdiction has provided a written high-level political commitment to address
the identified deficiencies.  The jurisdictions are: -

Afghanistan   Angola  Bosnia & Herzegovina  Ecuador   Guyana  Iraq  Laos   Panama   
Papua New Guinea   Sudan   Syria   Uganda  and Yemen  

Indonesia is no longer subject to FATF’s monitoring process under its on-going global
AML/CFT compliance process

Other Outcomes

-  Issuing a statement and set out a future work plan on "de-risking".
-  Welcoming the Kingdom of Saudi Arabia as an observer to the FATF.

Adopting and publishing:
    
-  
Revised best practices on combating the abuse of non-profit organisations
(Recommendation 8)
-  Guidance for a risk-based approach to virtual currencies
-  Typologies report on the money laundering / terrorist financing risks and vulnerabilities
associated with gold
-  Indicating its support for a proposal from the Republic of Korea to establish an AML/CFT
training and research institute in Korea.


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21 June 2015  -  FATF Plenary to meet in Brisbane on 21-26 June 2015

Read Agenda

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18 June 2015  -  EU Member States assess how countries and territories around the world
apply standards of tax good governance

Read More and view findings

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14 June 2015  -  Caribbean Financial Action Task Force acknowledges the significant progress
made by Belize in improving its AML/CFT regime and
Belize is therefore no longer subject to
the CFATF ICRG monitoring process

Read More

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10 June 2015  -  Corruption and human rights violations in Venezuela

Read More (Transparency International)

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5 June 2015  -  OECD:  Strengthening the international community’s fight against offshore tax
evasion: Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand join multilateral
agreement to automatically exchange information

Read More

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31 May 2015  -  IMF Country Report: Jordan: Sixth Review Under the Stand-By Arrangement
includes information on aml issues

Read Extract and access report

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25 May 2015  -  OFAC publishes FAQs relating to Ukraine /Russia related Sanctions

Read FAQs

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21 May 2015  -  IMF Report  -  Republic Of Latvia  2015 Article IV Consultation includes
information on aml issues

Read Extract and access report

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17 May 2015 - IMF Country Report: Nigeria: 2014 Article IV Consultation-Staff Report
includes information on aml issues

Read Extract and access report

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15 May 2015  - IMF Report  -  Malawi Fifth And Sixth Reviews Under The Extended Credit
Facility Arrangement - includes information on aml issues and the Cashgate scandal

Read Extract and access report

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10 May 2015  -  OECD - Ukraine must enforce its new anti-corruption strategy and legislation

Read Key Findings and access full report

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6 May 2015  -  The mutual evaluation report on the 4th assessment visit by Moneyval in
Azerbaijan is now available

Read Key Findings

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4 May 2015  -  IMF Report - Pakistan: Sixth Review Under the Extended Arrangement and
Modification of Performance Criteria - includes information on aml issues

Read Extract and access full report

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1 May 2015  -  FATF:  Belgium’s regime for combatting money laundering and terrorist
financing is well established; however, certain elements are not yet fully in line with the 2012
FATF Recommendations

Read More and access full report

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25 April 2015  -  FATF:  Australia has a mature regime for combating money laundering and
terrorist financing, but certain key areas remain unaddressed

Read more and access Mutual Evaluation Report

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23 April 2015  -  Moneyval issues a revised public statement on Bosnia and Herzegovina

Read Statement

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19 April 2015  -  OECD Report:  Kyrgyzstan must implement anti-corruption policies and laws
to reduce corruption

Read more

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15 April 2015  -  US to remove Cuba from U.S. list of State Sponsors of Terrorism

Read More

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11 April 2015  -  OECD  -  Iceland’s Inter-Ministerial Steering Group Must Make Prompt
Progress in Fighting Foreign Bribery

Read More

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8 April 2015  -  IMF Report - United States: Financial Sector Assessment Program-Detailed
Assessment of Observance on the Basel Core Principles for Effective Banking Supervision  -  
includes information on aml issues

Read Extract and access full report

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5 April 2015  -  UNODC develops SHERLOC: an online knowledge management portal for
Sharing Electronic Resources and Laws on Crime and disseminating information on how States
implement the United Nations Convention against Transnational Organized Crime (UNTOC)

Read More and access SHERLOC

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29 March 2015  -  FATF: Dialogue with the Private Sector

Read More

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27 March 2015  -  US State Department Money Laundering and Financial Crimes Country
Reports for Major Money Laundering countries and Drug and Chemical Control Country
Reports published

Read Reports (Membership Area updated)

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26 March 2015  -  FATF: Consultation and Dialogue with Non-Profit Organisations

Read More

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21 March 2015  -  March 2015  - OECD: Greece should tackle not only domestic corruption
but also foreign bribery

Read More

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15 March 2015  -  IMF Report: Malaysia: 2014 Article IV Consultation  -  includes information
on aml issues

Read Extract and access full Report

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10 March 2015  -  The US has imposed sanctions blocking property and suspending entry of
certain persons contributing to the situation in
Venezuela

Read More

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9 March 2015  -  IMF Report: South Africa: Financial sector assessment program  -  Anti-
money laundering and combating the Financing of terrorism

Read Extract and access full report

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5 March 2015  -  New EMCDDA trendspotter study explores online supply of drugs

Read More

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28 February 2015  -   Outcomes of the Plenary meeting of the FATF, Paris, 25-27 February
2015.  The main issues dealt with by this Plenary were: -   

FATF calls on its members and other jurisdictions to apply counter-measures to protect the
international financial system from the on-going and substantial money laundering and
terrorist financing (ML/TF) risks emanating from the jurisdictions of: -

Iran  and  Democratic People's Republic of Korea (DPRK)

The following jurisdictions have been identified as not having made sufficient progress in
addressing deficiencies or have not committed to an action plan developed with the FATF to
address the deficiencies. FATF calls on its members to consider the risks arising from the
deficiencies associated with: -

Algeria   Ecuador   Myanmar  

FATF is not yet satisfied that Uganda has made sufficient progress on its action plan agreed
upon with the FATF.

FATF identifies a number of jurisdictions which have strategic AML/CFT deficiencies for which
they have developed an action plan with the FATF. While the situations differ among each
jurisdiction, each jurisdiction has provided a written high-level political commitment to address
the identified deficiencies.  The jurisdictions are: -

Afghanistan   Angola   Guyana   Indonesia  Iraq   Laos   Panama   Papua New Guinea   
Sudan   Syria  and Yemen  

Albania  Cambodia  Kuwait  Namibia  Nicaragua  Pakistan  and  Zimbabwe are no longer
subject to FATF’s monitoring process under its on-going global AML/CFT compliance process


Other Outcomes

-  Increasing collaboration between FATF and the Egmont Group of Financial Intelligence Units,
including a briefing by the Chair of the Egmont Group on recent developments in financial
intelligence units.

-  Reviewing the voluntary tax compliance programmes in several jurisdictions.

-  Continuing its work on the issue of ‘de-risking’, in line with the effective implementation of a
risk-based approach.

-  Building on the 2014 report on virtual currencies, the FATF wants to progress this issue for
a decision at the June 2015 Plenary.

Read More

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27 February 2015  -  FATF Action on Terrorist Finance

Read More

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27 February 2015  -  Financing of the Terrorist Organisation Islamic State in Iraq and the
Levant

Read More

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20 February 2015  -  The Dark Horse, The Paper Tiger and Chicken Little: Lessons from the
OECD Foreign Bribery Report

Read Report (pdf file)

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15 February 2015  -  IMF Report  -  Grenada: First Review Under the Extended Credit Facility
Arrangement and Financing Assurances Review - includes information on aml issues

Read Extract and access full report

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10 February 2015  -  Information relating to the implementation of the OECD Anti-Bribery
Convention in
France – Follow up on Phase 3 report

Read Summary of Findings and access full report

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6 February 2015  -  IMF Report  -  South Africa: Financial System Stability Assessment  -  
includes information on aml issues

Read Extract and access full report

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31 January 2015  -  OFAC  -  Publication of Ukraine-related general licenses

Read More

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26 January 2015  -  FinCEN Issues Quarterly Update of SAR Stats

Read Quarterly Update

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23 January 2015  -  Georgia: Financial Sector Assessment Program-Detailed Assessment of
Observance of the Basel Core Principles for Effective Banking Supervision - Includes
information on due diligence requirements and anti-money laundering issues

Read Extract and access full report

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19 January 2015  -  Argentina seriously non-compliant with key articles of Anti-Bribery
Convention, says OECD

Read More

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16 January 2015  -  OFAC  - Publication of Updated Cuban Assets Control Regulations

Read FAQs relating to financial matters

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15 January 2015  -  IMF Report: Country Report No. 15/14: United Republic of Tanzania: First
Review Under the Policy Support Instrument - includes information on FBME Bank, the largest
bank in Tanzania, and FinCEN's finding that the bank is a primary money laundering concern

Read Extract and access full report

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10 January 2015  -  IMF Report: Pakistan: Fourth and Fifth Reviews Under the Extended
Arrangement and Request for Waivers of Nonobservance of Performance Criteria  -  includes
information on anti-money laundering and CFT issues

Read Extract and access full report

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8 January 2015  -  Many countries are still not able to freeze terrorists’ assets effectively  -  
says FATF President Roger Wilkins

Read full speech

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3 January 2015  - US imposes further sanctions against North Korea, blocking certain entities
and persons in response to the cyber-attack against Sony Pictures Entertainment

Read press release that includes names of blocked entities and persons

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29 December 2014  -  Norway:  Mutual Evaluation Report released (December 2014) -  using
the revised FATF 40 Recommendations adopted in 2012.

View Recommendation scores and comments (members only)

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28 December 2014  -  Moneyval Statement: Bosnia and Herzegovina need to address
AML/CFT deficiencies immediately and meaningfully.

Read Statement

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27 December 2014  -  IMF Report: Republic of Moldova: Second Post-Program Monitoring
Discussions  -  includes information on anti-money laundering issues

Read Extract and access full report

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20 December 2014  -  In view of the situation in Yemen, the EU imposed Council Regulation
(EU) No 1352/2014 concerning restrictive measures against natural or legal persons, entities
and bodies identified by the Sanctions Committee as engaging in or providing support for acts
that threaten the peace, security or stability of Yemen

Read Regulation

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16 December 2014  -  IMF Report:  Kuwait: 2014 Article IV Consultation-Staff Report  -  
includes information on anti-money laundering issues

Read Extract and access full report

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10 December 2014  -  Caribbean FATF Mutual Evaluation 7th Follow-up Report published for
Belize - major improvements in FATF Recommendation compliance ratings

View Recommendation scores and key findings (members only)

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9 December 2014  -  Spain  -  Mutual Evaluation Report released (December 2014) -  this is
the first comprehensive review of a country’s anti-money laundering and counter-terrorist
financing system to be completed using the revised FATF Recommendations adopted in 2012.

View Recommendation scores and comments (members only)

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8 December 2014  -  Transparency International Corruption Perception and World Governance
Control of Corruption Indicator scores have been updated in our Country Reports

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6 December 2014  -  Scale of international bribery laid bare by new OECD report

Read main findings and access full report

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1 December 2014  -  Lobbyists, Governments and Public Trust  -  Implementing the OECD
Principles for Transparency and Integrity in Lobbying

Read Main Findings, Policy Guidelines and access full report

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27 November 2014  -  Turkey - The OECD Working Group on Bribery report on Turkey’s
implementation of the Convention on Combating Bribery of Foreign Public Officials in
International Business Transactions and related instruments

Read Recommendations and access full report

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26 November 2014  -  Kazakhstan:  Summary of OECD report by the Istanbul Anti-
Corruption Action Plan (IAP)

Read Summary and access full report

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25 November 2014  -  Mutual Evaluation Report (assessment) relating to the implementation
of anti-money laundering and counter-terrorist financing standards in
Estonia was undertaken
by the Financial Action Task Force (FATF) in 2014

Read Key Recommendations (Members only)

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22 November 2014  -  OECD Report: Phase 3 Report on implementing the OECD anti-bribery
convention in
Brazil

Read Key Recommendations and access full Report

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17 November 2014  -  IMF Report  -  Mexico: 2014 Article IV Consultation  -  includes
information on anti-money laundering issues

Read Extract and access full Report

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13 November 2014  -  US Presidential Determination - Major Drug Transit or Major Illicit Drug
Producing Countries for Fiscal Year 2015

See list and Read More

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11 November 2012  -  IMF Report  -  Switzerland: Detailed Assessment of Compliance - Basel
Core Principles for Effective Banking Supervision

Read Findings re CDD policies and processes and access full Report

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6 November 2014  -  Transparency International Report  -  The world’s biggest companies
disclose little or no financial details about their operations outside their home country. Ninety
of the 124 companies assessed do not disclose the taxes they pay in foreign countries, while
54 disclose no information on their revenues in other countries

Read Report

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4 November 2014  - APG issues public statement on Vanuatu on serious aml deficiencies

Read Statement

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3 November 2014  -  Democratic Republic of the Congo: IMF Report: Financial System
Stability Assessment (October 2014) – includes information on aml issues  

Read Extract and access full report

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30 October 2014  -  Cyprus: 2014 Article IV Consultation-Staff Report - includes information
on aml issues

Read Extract and access full report

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28 October 2014  -  FATF publishes the following Guidance notes: -

Guidance on Transparency and Beneficial Ownership

Risk-Based Approach for the Banking Sector

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25 October 2014  -  Outcomes of the Plenary meeting of the FATF, Paris, 22-24 October 2014
– Under the Australian Presidency, the first FATF Plenary meeting of Plenary year FATF-XXVI
was held on 22-24 October 2014.  The main issues dealt with by this Plenary were:   

FATF call on its members and other jurisdictions to apply counter-measures to protect the
international financial system from the on-going and substantial money laundering and
terrorist financing (ML/TF) risks emanating from the jurisdictions of: -

Iran  and  Democratic People's Republic of Korea (DPRK)

The following jurisdictions have been identified as not having made sufficient progress in
addressing deficiencies or have not committed to an action plan developed with the FATF to
address the deficiencies. FATF calls on its members to consider the risks arising from the
deficiencies associated with: -

Algeria   Ecuador   Indonesia   Myanmar  


FATF identifies a number of jurisdictions which have strategic AML/CFT deficiencies for which
they have developed an action plan with the FATF. While the situations differ among each
jurisdiction, each jurisdiction has provided a written high-level political commitment to address
the identified deficiencies.  
Guyana  is added to these jurisdictions. The jurisdictions are: -

Afghanistan   Albania   Angola   Cambodia   Guyana   Iraq   Kuwait   Laos   Namibia   
Nicaragua   Pakistan   Panama   Papua New Guinea   Sudan   Syria   Uganda   Yemen  
and
 Zimbabwe


Argentina   Cuba   Ethiopia   Tajikistan   and  Turkey  are no longer subject to FATF’s
monitoring process under its on-going global AML/CFT compliance process


Other Outcomes

Issuing a statement to clarify the risk-based approach in the light of the de-risking
phenomenon: ‘FATF clarifies risk-based approach: case-by-case, not wholesale de-risking’

Read More

Expressing concern with the financing generated by and provided to the terrorist group the
Islamic State of Iraq and the Levant (ISIL):  'FATF action on the terrorist group ISIL'

Read More

Discussing the fourth round mutual evaluation reports on compliance with the FATF
Recommendations of Norway and Spain.

Read More

Welcoming Japan’s important progress in its legislative actions, and encouraging Japan to
continue to address deficiencies, including through the adoption of relevant bills.

Reviewing the voluntary tax compliance programmes in Argentina, Australia, France, and
Kyrgyzstan.

Read More

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24 October 2014  -  FATF:  Turkey has taken sufficient steps in addressing technical
compliance with the Core and Key Recommendations (FATF Recommendations) to be removed
from the follow-up process

Read More

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24 October 2014  -  FinCEN Issues Quarterly Update of SAR Stats

Read Update

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22 October 2014  -  Summary of FATF and the G20 Anti-Corruption Working Group (ACWG)
joint Experts’ Meeting on Corruption held on Saturday, 18 October 2014

Read More

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21 October 2014  -  IMF Report: Republic of Korea: Financial Sector Assessment Program-
Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking
Supervision - includes information on anti-money laundering issues

Read Extract and access full Report

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19 October 2014  -  We have introduced a paywall into our website. All visitors will continue to
have free access to the general areas of our website but access will be limited to seven free
views of the country summary pages each month. Members will continue to have unlimited
access to all of the Country summary pages, enhanced reports in pdf format, Country FATF
recommendation ratings and our country data spreadsheet, which is the basis of our index
ratings table.

Click here for further information

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15 October 2014  -  IMF Report: Kazakhstan: Financial System Stability Assessment -
includes information on anti-money laundering issues

Read Extract and access Report

________________________________________________________________________

13 October 2014  -  IMF Financial Operations 2014 Report

Read Report

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8 October 2014  -  Global Financial Centres Index 15 published

Read Index

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5 October 2014  -  IMF Report: Republic of the Congo: 2014 Article IV Consultation  -  
Improving transparency and governance in the natural resource sector remains a major
challenge

Read Extract and access full Report

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29 September 2014  -  FinCEN Issues Guidance on Recognizing Activity that May be Associated
with Human Smuggling and Human Trafficking — Financial Red Flags

Read Guidance

________________________________________________________________________

25 September 2014  -  Public statement under Step 3 of MONEYVAL’s Compliance Enhancing
Procedures in respect of
Bosnia and Herzegovina

Read Statement

________________________________________________________________________

22 September 2014  -  IMF Report: Belize: 2014 Article IV Consultation - includes statement
on AML situation

Read Extract and access full report

________________________________________________________________________

18 September 2014  -  Update on the Public Statement in Respect of the Republic of Uganda
issued by the ESAAMLG Council of Ministers

Read Statement

________________________________________________________________________

17 September 2014  -  IMF Report:  Angola: 2014 Article IV Consultation-Staff Report  -  
includes information on aml and corruption issues

Read Extract and access full report

________________________________________________________________________

14 September 2014  -  OECD:  Strategic perspective on the prevention, detection and
investigation of international tax crime

Read More

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