from: http://www.aci.net/kalliste/ Click Here: <A HREF="http://www.aci.net/kalliste/">The Home Page of J. Orlin Grabbe</A> ----- Money Laundering Evil Off-shore Centers Threaten New World Order The tenacles of worldwide financial control reach out. Russia and Israel were among 15 countries named on Thursday as "non co-operative" jurisdictions in the fight against money laundering. The 26-nation Financial Action Task Force on Money Laundering, operating under the auspices of the Organisation for Economic Co-operation and Development, urged its members to ask their financial institutions to take precautions when dealing with transactions originating in the named jurisdictions. The FATF said in Paris that the list was an open and ongoing exercise. Some jurisdictions could be removed from it, while others might be added. Other countries named included Liechstenstein, Lebanon, the Philippines, Panama and the Bahamas. Caribbean havens such as the Cayman Islands, Dominica, St Kitts-Nevis and St Vincent and the Grenadines made the list, as did the Cook Islands, Marshall Islands, Nauru and Niue in the Pacific. European tax havens like Monaco, Gibraltar and Jersey and Guernsey in the Channel Islands, did not. The 25 criteria set out by FATF in drawing up its list included excessive financial secrecy provisions, as well as lax supervision, weak legal requirements for registering businesses, inadequate resources for combating money laundering, and failure to criminalise it. The body has no direct enforcement powers. However, it has said that if territories and countries are found not to be co-operating in the fight against money laundering, efforts will initially be made to persuade them to amend their laws and practices. Pressure could also be applied through other multilateral forums, such as the Group of Seven leading industrial nations, the OECD, the Basle Committee, the World Bank and the International Monetary Fund. If offenders still fail to mend their ways, financial institutions in other countries could be instructed to monitor transactions and report suspicious dealings to supervisors, auditors and law enforcement authorities. The Financial Times, June 22, 2000 ----- Aloha, He'Ping, Om, Shalom, Salaam. Em Hotep, Peace Be, All My Relations. Omnia Bona Bonis, Adieu, Adios, Aloha. Amen. Roads End <A HREF="http://www.ctrl.org/">www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance�not soap-boxing�please! These are sordid matters and 'conspiracy theory'�with its many half-truths, mis- directions and outright frauds�is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://home.ease.lsoft.com/archives/CTRL.html <A HREF="http://home.ease.lsoft.com/archives/ctrl.html">Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
