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Money laundering and terrorist financing in the securities sector

FATF has just published a study about money laundering and terrorist financing in the securities sector. 

40 jurisdictions submitted a response to the questionnaire that is annexed (pages 80-86).

The objectives of the FATF Securities Typology Questionnaire were to collect information about: (i) the range of products classified as “securities” in various jurisdictions; (ii) how jurisdictions supervise compliance with anti-money laundering/combating terrorist financing (“AML/CTF”) requirements for these products; (iii) potential areas of AML/CTF vulnerabilities in the securities industry; (iv) suspicious transaction reports (STRs) in the securities industry; and (v) enforcement actions in the securities industry.

Unfortunately the response for each jurisdiction is not circulated, which does not contribute to the transparency to assess the regulation in the jurisdictions.


I wish I had the answer for every juristiction.



17:55 Posted in General | Permalink | Comments (0)

Media Advisory: Press Club Briefing, Exclusive First Look at Financial Secrecy Index

Where: The National Press Club (Winners Room)

When: Monday, November 2, 200

R.S.V.P. to Monique Danziger, mdanziger@gfip.org, 202-293-0740

Exclusive First-Look at the Financial Secrecy Index (Breakfast Briefing) with presentations by: Jack Blum, Tax Justice Network, USA, Sarah Lewis,  Tax Justice Network, USA,  Jim Henry,  Tax Justice Network, USA, and Raymond Baker,  Global Financial Integrity.

The Financial Secrecy Index (FSI) is a first-of-its-kind ranking of the most secretive and uncooperative jurisdictions—tax havens-- in the world. Based on intensive research and analysis the index ranks 60 jurisdictions according to their degree of opacity and the scale of their cross-border financial services activity.

17:38 Posted in General | Permalink | Comments (0)


Coming soon: the Financial Secrecy Index

Two weeks ago TJN launched their website for the Mapping the Faultlines project, which explores the furtive world of secrecy jurisdictions where furtive types get up to all sorts of dubious business.

Now they launch another site, www.financialsecrecyindex.com which takes reader step-by-step into the details of their new ranking of secrecy jurisdictions. The ranking results will be published early November.

Know more

05:31 Posted in General | Permalink | Comments (0)