De‐listing from NCCTs and money laundering control measures: a banking regulation perspective
Abstract
Analyses from a banking regulation perspective the general experience of 23 countries that were initially listed as non‐cooperative countries and territories (NCCTs); this group did not meet some or most of the 25 criteria developed by the Financial Action Task Force (FATF) on money laundering and based on 40 recommendations setting out the anti‐money laundering framework. Highlights the 25 criteria, shows the ones missed by each of the 23 countries, discusses how de‐listed countries successfully addressed these criteria through further bank regulation, and concludes with a detailed application to the path taken by one of the countries, Lebanon.
Keywords
Citation
Shahin, W.N. (2005), "De‐listing from NCCTs and money laundering control measures: a banking regulation perspective", Journal of Money Laundering Control, Vol. 8 No. 4, pp. 320-327. https://doi.org/10.1108/13685200510620867
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited