Sentence examples for fatf in from inspiring English sources

So the G7 group of rich industrial countries set up the Financial Action Task Force (FATF) in 1989.

For the time being, he said, the three countries, along with all the others named on the list, would remain under "careful scrutiny", including more stringent checks on anyone doing business with their banks, and controls should they seek to establish branches in FATF countries.

The FATF was established in 1989 by the Group of Seven, as noted by the International Anti-Money Laundering Forum, to address the threat posed by money laundering to the international banking system and to promote policies to eliminate the threat.

Because of "Cuba's significant progress in improving its (anti-money-laundering and counter-terrorist-financing) regime...Cuba is therefore no longer subject to the FATF's monitoring process,' FATF said here and here.

According to a senior official at the Financial Action Task Force (FATF), an intergovernmental body in Paris, it appears that some groups buy top-up scratch cards in one country and sell the airtime in another.The FATF is studying over 50 instances of "suspicious" dealing in airtime from the past two years and plans to issue new guidelines early this year.

Like the FSF, the FATF found that supervisors in OFCs often lacked expertise, good information and the mechanisms (and sometimes also the will) to exchange it.Both bodies decided, separately, that the way to prod OFCs into action was to name and shame them.

FATF has expressed concern in the past about soccer being a vehicle for money laundering.

The resolution calls on states to freeze the assets, cut off financial access and block foreign travel of anyone supporting these groups.Specific recommendations for governments (which have the final say in enacting national laws regulating financial services) come from the unimaginatively named Financial Action Task Force (FATF), an international body based in Paris.

Only ten out of 1,722 providers in America required notarised documents in line with the FATF standard.Providers were often strikingly insensitive even to clear criminal risks.

Anti-money laundering and counter-terrorist financing are governed by 40 recommendations drawn up by the Financial Action Task Force (FATF), an inter-governmental body established in 1989.

Under pressure from FATF, Nauru introduced anti-avoidance legislation in 2003, after which foreign hot money left the country.