Financial Action Task Force on Money Laundering Annual Report 1995-1996

Article Abstract:

The performance of the Financial Action Task Force (FATF) on Money Laundering from 1995 to 1996 was marked by several achievements. First, the FATF held talks with representatives from the financial services industry to discuss ways of preventing money laundering. In the same year, FATF approved proposals for the extension of money laundering predicate offenses beyond narcotics trafficking. The reporting of suspicious financial deals was also made mandatory.

Financial Action Task Force

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Financial action task force on money laundering: annual report 1996-1997

Article Abstract:

Several significant steps have been taken by international financial institutions in 1996-1997 to curb money laundering. A sweeping review of money laundering trends and techniques and on the emergence of advanced technologies in payment methods was conducted. A handful of anti-mony laundering measures and their implementation in select areas were also evaluated. An aggressive initiative to establish ties with non-OECD member countries was undertaken.

Administration of General Economic Programs, Intnl Monetary & BOP Programs, Management, International economic relations, Organization for Economic Cooperation and Development, International financial institutions

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Financial action task force on money laundering: annual report 1994-1995

Article Abstract:

The Financial Action Task Force, a creation of the Group of Seven nations in 1989, has been generally successful in its efforts to review money laundering practices and formulate measures to combat these. The 1994-1995 report of the group contains evaluation of the implementation by member countries of 40 policy recommendations.

Economic policy, Group of 7

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