Newsletter 55 from 18. april 2008 International Sanction

18.04.2008 (Newsletter No. 55)
http://www.fatf-gafi.org/dataoecd/16/26/40181037.pdf
FATF Statement of 28 February 2008 The FATF is concerned about the AML/CFT systems in Uzbekistan, Iran, Pakistan, Turkmenistan, São Tomé and Príncipe and the northern part of Cyprus which do not fully comply with the FATF (40+9) recommendations. Financial Intermediaries who are doing business that is related to these countries are therefore (according to Chapter 2 of the AMLA and the various AMLA-ordinances) expected to bear this in mind. With regard to Uzbekistan and Iran the FATF recommends to apply a higher duty of due diligence. With regard to the northern part of Cyprus the FATF wants the FI to be highly attentive and with regard to Pakistan to be at least attentive. Concerning the countries Turkmenistan, Sao Tome and Principe the FATF did not issue any recommendations.