COOK ISLANDS FEATURE MONEY LAUNDERING
May 1st, 2005
BY MATTHEW BRACETHERE are not many countries left on the Financial Action Task Force's (FATF) blacklist of dodgy jurisdictions regarding money laundering regulations, and one of the last stragglers - the South Pacific nation of the Cook Islands (a New Zealand dependency) - was provisionally removed in February.Citing improvements in legislation, especially financial transparency, FATF's 16th plenary erased the Cooks, (along with Indonesia and the Philippines), from its list of Non-Cooperative Countries and Territories (NCCTs).Said a report: "Recent FATF visits to ...
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