RI hailed for making progress<\/p>\n
Agence France-Presse, Stockholm<\/p>\n
An international list of nine nations seen as slack on money-
\nlaundering remained unchanged after a meeting of the Financial
\nAction Task Force (FATF) here, but two countries, Indonesia and
\nUkraine, were hailed as having made progress, FATF president
\nClaes Norgren said.<\/p>\n
\"Progress has been registered\" in Indonesia, and to a lesser
\ndegree in Ukraine, he said.<\/p>\n
FATF was created in 1989 by the Organization for Economic
\nCooperation and Development (OECD) to fight dirty money and has
\nsince the Sept. 11 attacks also worked to stamp out the flow of
\nfunds to extremist organizations.<\/p>\n
The nine countries on the uncooperative list are Ukraine, the
\nCook Islands, Egypt, Guatemala, Indonesia, Myanmar, Nauru,
\nNigeria and the Philippines.<\/p>\n
\"We have invited Indonesia to submit an implementation plan to
\nenable the FATF to evaluate the actual implementation of the
\nrecent reforms,\" Norgren said.<\/p>\n
The situation for the Ukraine appeared more complex, but FATF
\nleaders expressed confidence after noting a political willingness
\nto cooperate.<\/p>\n
Meanwhile, the situation worsened for Myanmar.<\/p>\n
It was given until Nov. 3 to present mutual legal assistance
\nlegislation to parliament and issue comprehensive rules and
\nregulations for anti-money laundering legislation.<\/p>\n
Only the Pacific island state of Nauru is currently subjected
\nto such \"additional countermeasures\", under which the nation's
\nfinancial institutions are required to identify their clients and
\nreport any suspicions of money-laundering.<\/p>\n
\"This means that all transactions from Nauru are in principle
\nconsidered suspect,\" FATF executive secretary Patrick Moulette
\nsaid, indicating that the same fate now awaited Myanmar.<\/p>\n
Meanwhile, the FATF removed Israel and Lebanon from the list
\nof countries under observation.<\/p>\n
The two were taken off the uncooperative list in June 2002.<\/p>\n
The FATF's next review of that list is scheduled for February
\n2004.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/ri-hailed-for-making-progress-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}