ECUADOR VENTS FURY ON FATF CRITIQUE, THEN QUIETLY DOES ITS BIDDING
January 1st, 2011
BY PACIFICA GODDARD
FOR those doubters who claim the world's senior anti-money laundering/combating the financing of terrorism (AML/CFT) organisation the Financial Action Task Force (FATF) does not have much clout, a look at the case of Ecuador makes instructive reading. Last February, the Paris-basedFATF issued a stinging criticism of this South American country, with a public statement officially listing Ecuador as a country with serious AML/CFT deficiencies, along with such dubious fellow travellers as Angola, Ethiopia and North Korea.
According to the ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.