03/09/2008
Guidance on Capacity building for Mutual Evaluations and Implementation of the FATF Standards Within Low Capacity Countries
The FATF recently published a brochure to support low capacity countries (LCCs) in implementing the FATF standards in a manner reflecting their national institutional systems in a way that is consistent with the ML/FT risks they face and that take into account their limited resources.
Read FATF publication
05:59 Posted in General | Permalink | Comments (0)
The FATF welcomes the recent progress in policies and practices
The FATF welcomes the recent progress in policies and practices to combat money laundering and terrorist financing in the northern part of Cyprus. However, given the existing deficiencies, the FATF calls on its members and urges all jurisdictions to advise their financial institutions to pay special attention to the ML/FT risks in transactions with financial institutions operating in the northern part of Cyprus. The FATF encourages further progress to address the deficiencies.
Source : FATF
05:55 Posted in Cyprius | Permalink | Comments (0)