Q. I've just been offered some money to use my bank account to receive funds from Russia for a company based in the United States. I think this might be a scam. To whom can I report this?
A. The FATF is an international policy-making body. It does not take a role in law enforcement matters, investigations or prosecutions. If you are aware of a case that you believe may be related to money laundering, you should contact your local authorities, in particular the Financial intelligence unit of your country (such as FinCEN in the USA, NCA in the UK, Tracfin in France).
Q. I would like to inquire if FATF recognizes “name of association or business”?
A. The FATF is an international policy-making body that sets international anti-money laundering standards and counter-terrorist financing measures. However, the FATF is not in a position to give any advice concerning the credentials or work of associations.
Q. Are the FATF and OECD related?
A. The FATF and the OECD are separate organisations. Although the member countries overlap to a large degree, there are several countries which are members of the FATF and not the OECD, and vice versa. However, the FATF Secretariat (currently 17 people) is housed administratively at the OECD.
In addition, the FATF has not been formed as a formal international organisation. Rather, the FATF is a task force composed of member governments who agree to fund the FATF on temporary basis with specific goals and projects (a "mandate"). The most recent mandate was approved authorised the FATF to continue to function until December 2012.
Q. Do you have a list of countries that are considered low tax jurisdiction or tax shelters?
No, the FATF does not address at all issues related to low tax jurisdiction or tax competition. The FATF mandate focuses only on the fight against laundering of proceeds of crimes and the financing of terrorism.