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FATF Should Reintroduce Blacklist, Says Group of 20
By Larissa Bernardes
printAn intergovernmental anti-money laundering watchdog should restore a blacklist of countries that don't comply with its international standards by February, Group of 20 members said Friday. The group of world leaders issued a statement following the conclusion of their two-day summit in Pittsburgh, PA, calling on the Paris-based Financial Action Task Force (FATF) to publish a list of "high risk jurisdictions by February 2010." FATF started such a list in 2000 but discontinued it in 2006 after all of the named jurisdictions implemented requested improvements. Bringing back the Non-Cooperative Countries and Territories (NCCT) list, or one similar to it, would...
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