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New FATF Report Expected Next Week

by Robert Lee, Tax-News.com, London

12 June 2002

The Financial Action Task Force (FATF) announced on Monday that its thirteenth annual report on anti-money laundering and terrorist financing activities is scheduled for release next week.

According to the FATF, the report - which will update the multilateral body's findings on 'non-cooperative' countries, and outline the results of self-assessments conducted by member states on their own anti-laundering and counter-terrorism measures - will be presented at a news conference on Friday 21 June, at the OECD's Paris headquarters.

The findings of the new report will then be discussed by the current and future presidents of the FATF, Clarie Lo and Jochen Sanio. The Task Force's Executive Secretary, Patrick Moulette will also attend the conference, according to FATF sources.

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