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In addition to FATF's "Forty plus Nine" Recommendations, in 2000 FATF issued a list of "Non-Cooperative Countries or Territories" (NCCTs), commonly called the FATF Blacklist. This was a list of 15 jurisdictions that, for one reason or another, FATF members believed were uncooperative with other jurisdictions in international efforts against ...
FATF also monitors the situations of its members in establishing adequate measures and institutions to fight against money laundering and terrorist financing. FATF also makes sure that it is aware of national-level vulnerabilities of its member states "with the aim of protecting the international financial system from misuse." [9]
[citation needed] No 'official' PEP list exist. The CIA and UN have lists of heads of state, which fall under the PEP definitions of FATF. Vendors maintain their own particular database of PEPs [11] and other high-risk customers. There are a number of crowd sourced lists of PEPs being made available utilizing public contributions. [citation needed]
In addition to Vietnam, 10 African countries, including Mozambique and Uganda, are under FATF scrutiny for risks of proliferation funding, according to the public list on the body's website.
The Central American country's first stint on the Financial Action Task Force's (FATF) so-called gray list, which can impact a country's investment ratings and reputation, was from 2014 to 2016. ...
FATF's three primary functions with regard to money laundering are: Monitoring members' progress in implementing anti-money laundering measures, Reviewing and reporting on laundering trends, techniques, and countermeasures, and; Promoting the adoption and implementation of FATF anti-money laundering standards globally.
The Asia/Pacific Group on Money Laundering (APG) is a FATF-style regional inter-governmental (international) body, the members of which are committed to effectively implementing the international standards against money laundering (Anti–money laundering or AML), combating the financing of terrorism (CFT) and financing the proliferation of weapons of mass destruction.
The CFATF was established as the result of two key meetings convened in Aruba in and Jamaica. [2] [3] In Aruba in 1990 representatives of Caribbean and Central American countries developed a general approach to the problem of the laundering of criminal proceeds and made 19 recommendations.