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FATF to ‘Take Action’ on G-20 Call for Blacklist
By Brian Monroe and Colby Adams
printAn international watchdog group said Friday that it will respond to Group of 20 calls for the reinstitution of a blacklist naming jurisdictions with weak anti-money laundering controls. The Paris-based Financial Action Task Force (FATF) said in a statement it would "take action" on the G-20's September 25 request that a new list be published by February of next year. The intergovernmental organization maintained a blacklist of "Non-Cooperative Countries and Territories" (NCCT) between June 2000 and October 2006. Calls to FATF officials and the Organisation for Economic Co-operation and Development seeking further details on what "action" would entail were not...
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