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News Releases
2/14/2005 USA PATRIOT Act Monitor News Release: Cook Islands,
Indonesia, and the Philippines Removed from NCCT List
Having sent teams to the Cook Islands, Indonesia and the Philippines to check
up on their anti-money laundering programs, the Financial Action Task Force
announced that it has taken these three jurisdictions off its list of Non-Cooperative
Countries and Territories. Each country has established a financial intelligence
unit (FIU), and each requires customer identification and suspicious activity
reporting. Prior to the removal of these jurisdictions, the list also included
Myanmar, Nauru, and Nigeria, which remain on the list. Other developments from
the FATF meeting in Paris on February 9-11 will be discussed in the March issue
of the Monitor.
USA PATRIOT ACT MONITOR is published by Civic Research Institute, Inc., 4478 U.S. Route 27, P.O. Box 585, Kingston, NJ 08528, 609-683-4450, info@civicresearchinstitute.com, as an update service for Money Laundering, Terrorism and Financial Institutions: Law · Regulation · Compliance · USA PATRIOT Act Monitor © 2004 Civic Research Institute, Inc. All rights reserved. Unauthorized copying expressly prohibited. The information in this publication is not intended to replace the services of a trained legal professional. Neither the editors, nor the contributors, nor Civic Research Institute, Inc. are by this publication engaged in rendering legal, accounting, or other professional services. The editors, contributors, and Civic Research Institute, Inc., specifically disclaim any liability, loss, or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use or application of the contents of this publication.