Appendix 4
S.I. 2003/3075: memorandum from HM Treasury
Money Laundering Regulations 2003 (S.I. 2003/3075)
1. The Joint Committee have requested a memorandum
as follows:
Regulation 28(1) refers to the Financial Action
Task Force. Explain to whom this refers.
2. The Financial Action Task Force (FATF) is an inter-governmental
body whose purpose is the development and promotion of policies,
both at national and international levels, to combat money laundering
and terrorist financing. Following mounting concern over money
laundering, FATF was established by the G-7 Summit held in Paris
in 1989.
3. The FATF membership is currently made up of thirty-one
countries and territories, and two regional organizations: Argentina;
Australia, Austria, Belgium, Brazil, Canada, Denmark, European
Commission, Finland, France, Germany, Greece, Gulf Co-operation
Council, Hong Kong (China), Iceland, Ireland, Italy, Japan, Luxembourg,
Mexico, Kingdom of the Netherlands, New Zealand, Norway, Portugal,
Russian Federation, Singapore, South Africa, Spain, Sweden, Switzerland,
Turkey, United Kingdom and the USA.
4. The Joint Committee may find the following web-site
of interest: www.fatf-gafi.org.
22 December 2003
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