Long abstract

Sweden chaired the fifteenth round (2003-2004) of the Financial Action Task Force (FATF). A major task of the round was the recent completion of the review of the future of the FATF from 2004 to 2012. Other significant achievements of the round were the issuance of further guidance for implementing the Eight Special Recommendations on terrorist financing, increased collaboration with the International Financial Institutions in assessing national systems for anti-money laundering (AML) and countering the financing of terrorism (CFT) at a global level, and the development of a more effective process for the study of trends and techniques in money laundering and terrorist financing.