13 Jul 2012
Mutual evaluation, assessment, APG,
Nauru is a member of APG, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) measures in Nauru was conducted by APG.
12 Jul 2012
The illicit trade in tobacco is a global problem that generates significant revenue: it represents approximately one tenth of the global trade in cigarettes which is estimated at USD 40.5 billion per year. In addition to its financial impact, illicit trade in tobacco also creates substantial loss of tax revenue. This FATF report analyses the extent of money laundering and terrorist financing vulnerabilities of the illicit tobacco trade at global, regional and domestic levels.
11 Jul 2012
Recommendation 30, Recommendation 31
The FATF has issued guidance to help countries understand the important role of law enforcement in conducting money laundering, terrorist financing and asset-tracing investigations. The guidance also provides strategies and techniques which are intended to assist countries in increasing the effectiveness of such investigations.
2 Jul 2012
FATF-XXIV, Aamo, Presidency
Mr. Bjorn S. Aamo, incoming President of the FATF (July 2012 - June 2013) presents his objectives for the coming year.
2 Jul 2012
The FATF Recommendations, adopted in February 2012, require that additional measures for specific customers and activities are in place. Specifically, appropriate risk management systems need to be in place to determine whether a customer or beneficial owner is a politically exposed person. This report should assist practitioners in the financial sector to better understand and identify the risk factors that may indicate the laundering of corruption proceeds.