Money Laundering, Terrorism & Financial Institutions
Published by Civic Research Institute, civicresearchinstitute.com
 
USA PATRIOT ACT MONITOR NEWS RELEASES

17 Jun 2003
USA PATRIOT Act Monitor News Release: FATF To Revise 40 Recomendations

The Financial Action Task Force will be meeting this week in Berlin and will adopt a revision of the Forty Recommendations against money laundering. The revision, according to a release posted on the FATF website (www1.oecd.org/fatf/pdf/PR-20030613_en.PDF) will establish consistent due diligence obligations for financial and non-financial sectors. The organization's 14th annual report will contain a summary of the AML systems of the Russian Federation and South Africa, which are applying for membership in the organization. A press conference on Friday, June 20, will describe the results of the plenary meeting.


 

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