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According to its official website, there are 39 members of FATF (earlier 40 members, Russia's membership was suspended in Feb 2023) and two Regional Organisations (European Union and Gulf Cooperation Council), representing most financial centers around the world. [10] The list consisted of the following countries: [11]
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 ...
The FATF blacklist was the common shorthand description for the Financial Action Task Force list of "Non-Cooperative Countries or Territories" (NCCTs). The effect of the FATF Blacklist has been significant and arguably has been more important in international efforts against money laundering than has the FATF Recommendations. [1]
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 dominant customary international law standard of statehood is the declarative theory of statehood, which was codified by the Montevideo Convention of 1933. The Convention defines the state as a person of international law if it "possess[es] the following qualifications: (a) a permanent population; (b) a defined territory; (c) government; and (d) a capacity to enter into relations with the ...
It is a permanent monitoring body of the Council of Europe, with 35 member states and jurisdictions out of which 32 are assessed exclusively by MONEYVAL. According to Article 2 of its Statute, evaluations cover member states of the Council of Europe which are not members of the Financial Action Task Force (FATF) (28 states). Through decisions ...
This can damage relationships between long-term clients who need to prove their identity, and respected members of society do not want to be asked for personal identification every time. [6] [19] The FATF Blacklist (the Non-Cooperative Countries or Territories list) mechanism was used to coerce countries to bring about change.
This is a list of countries and territories by the United Nations geoscheme, including 193 UN member states, two UN observer states (the Holy See [note 1] and the State of Palestine), two states in free association with New Zealand (the Cook Islands and Niue), and 49 non-sovereign dependencies or territories, as well as Western Sahara (a disputed territory whose sovereignty is contested) and ...