Financial Action Task Force (FATF) has updated its Statement on the subject and document ‘Improving Global AML/CFT Compliance: on-going process’ on October 19, 2012. The statement / document can be accessed from the following URL also: http://www.fatf-gafi.org/media/fatf/documents/FATF%20Public%20Statement%2019%20October%202012.pdf and
http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/improving global amlcft compliance ongoing process-19october2012.html
All banks and financial institutions are accordingly advised to consider the information contained in the enclosed statement.
To view the full text of the notification, please follow the link.