So will its financial action task-force on money laundering, which intends by June to list on a website those countries it sees as especially unco-operative.
They also agreed to convene a meeting of the Financial Action Task Force, a multilateral agency that coordinates financial police actions worldwide.
The Financial Action Task Force targets countries whose financial systems allow criminals to recycle their profits.
Through bodies like the Financial Action Task Force, America has pressed foreign governments to monitor financial transactions more closely.
In a 2011 report, the Financial Action Task Force – an intergovernmental body working to protect financial systems – detailed a number of cases where migrant smugglers were caught.
The Financial Action Task Force (FATF) was set up to find a way to keep money-launderers out of the financial system (terrorist financing was added after the attacks of September 11th 2001).
The new law emerged from continuing negotiations instigated by the Vatican with the Paris-based Financial Action Task Force over joining the so-called white list of countries with good records on financial transparency.
And when the Financial Action Task Force, a rich-country watchdog, placed Panama on its money-laundering blacklist last year, the government passed new laws that tighten financial controls and got the country removed from the list this year.
The action, by the Paris-based Financial Action Task Force, welcomedomed by the Bush administration as likely to help its drive to punish Iran economically for its nuclear activities and its support of Hezbollah and other militant groups.
The independent Financial Action Task Force on Money Laundering said today that it would take action against Nauru, a Pacific island nation, that is accused of acting as a center for laundering money for the Russian mafia.
