Site hosted by Angelfire.com: Build your free website today!
- OECDs Financial Action Task Force has suspended the publication of its annual blacklist

Hard cash for money launderers
The Financial Action Task Force has been listing countries it deems uncooperative in the fight against money laundering.

And the Grenadian Voice reported on the 7. september that the black list has been suspended abd that the decision was taken after board members of the International Monetary Fund accused the task force of punishing poor states while allowing the rich nations off the hook.

Finance Minister Hon Anthony Boatswain of Grenada has welcomed the decision by the FATF to suspend the publication of the list. He says that the suspension may work in Grenada’s favor, since ultimately the country would have qualified for removal. Grenada and St Vincent and the Grenadines were among 35 jurisdictions identified by the OECD in June 2000 as meeting the technical criteria for being a tax haven.





Contact the editor
Last modified 6/18/02
Privacy statement
© 2002 by the Hutt River Independent