Long abstract

The Financial Action Task Force (FATF), meeting in Paris from 9 to 11 February 2005, has welcomed for the first time, the People’s Republic of China to attend its Plenary meeting as an observer. Mr. Jean-Louis Fort, President of the FATF said: “It is both an honour and a privilege to welcome China to this FATF Plenary. It is a major step forward in the global fight against money laundering and terrorist financing. The FATF looks forward to working with the Chinese authorities to achieve membership.”