Friday, October 24, 2003

Financial Action Task Force on money laundering: session of October 1-3, 2003

Our Ministry of Finance regularly informs us of the proceedings of the FATF meetings. This document (in Dutch) informs the parliament that the Netherlands will abide with the FATF 40 recommendations. It is observed that Nauru is the country with dubious 'shell banks' in the hands of criminal organisations. Banks and supervisors are therefore urged to take all possible precautions in their contacts with any bank from that country.