Describes how the Financial Action Task Force (FATF) has blacklisted countries which it believes provide laws and practices conducive to money laundering; this blacklisting queries the legitimacy of the country or jurisdiction and its right to conduct financial business in the global...

Outlines the Recommendations of the Financial Action Task Force (FATF) Anti‐Money Laundering Recommendations, which go well beyond the 1996 version: they are prescriptive and detailed, and they expand reporting bodies to many non‐financial businesses, focusing on the high‐risk areas of...

Purpose – To highlight the compliance issues which face gambling entities with the implementation of the Financial Action Task Force's (FATF's) 2003 Forty Recommendations Design/methodology/approach – To determine the gambling sector's attitudes towards the FATF's new anti‐money...

Purpose – To review the reported compliance levels of third round mutual evaluations with a view to determining any change or differences in compliance levels for Financial Action Task Force (FATF) member countries following the updating of FATF's Forty Recommendations in 2003 and the...

Purpose – The purpose of this paper is to determine whether countries are implementing enhanced customer due diligence (CDD) for financial transactions with the politically connected. Design/methodology/approach – Public information in relation to ratification of the UN anti‐corruption...

Over the past decade concern has been raised by much of the international community about the integrity and stability of the financial system, given the amount of money being laundered to convert the profits of illegal activities into financial assets which appear to have a legitimate origin....

On 22nd June, 2000, after a good deal of speculation, the much anticipated list of non‐cooperative countries was made public by the Financial Action Task Force (FATF). They had assessed 31 countries before deciding on the final 15, deemed non‐cooperative as their laws and practices were...

As anti‐money laundering legislation is refined, expanded and adopted more readily by an increasing number of countries, criminal elements are finding the need to seek the assistance of intermediaries, other than those currently captured by this legislation, to launder the proceeds of their...

Over the last two years a number of initiatives have been brought to the attention of the financial regulators sectors of the global financial system most at risk from money laundering. The Durban Declaration called for the return of wealth plundered by corrupt leaders. The Financial Action Task...