Non-cooperative
Countries and Territories
("NCCTs")
I
refer to my letters
of 10
December 2001 and
18
November 2003 informing
you that the Financial
Action Task Force on
Money Laundering ("FATF")
decided to implement
counter-measures against
Nauru and Myanmar owing
to major deficiencies
found in their anti-money
laundering regime. The
FATF has recently withdrawn
the counter-measures
against Nauru and Myanmar
as these countries have
introduced new measures
to remedy anti-money
laundering deficiencies.
Both countries will,
however, continue to
remain on the NCCTs
list until they have
fully addressed the
remaining deficiencies
and adequately implement
the necessary laws.
The updated list of
NCCTs is as follows
:
You
are advised to continue
to give special attention
to businesses and transactions
with persons, including
companies and financial
institutions, in the
above NCCTs, in accordance
with Recommendation
21(Note). The related
press release issued
by the FATF on 22 October
2004 can be found on
its homepage (http://www1.oecd.org/fatf/).
United
States Executive Order
13224 ("Executive
Order")
Further
to my letter of 6
October 2004 , I
am writing to advise
you that the US Government
has designated additional
names under the Executive
Order. The information
can be found in the
website of the Office
of Foreign Assets Control
of the US Treasury (www.ustreas.gov/offices/enforcement/ofac/sanctions/terrorism.html).
under the respective
headings of "Names
of Those Designated
on 13 October 2004"
and "Name of Entity
Designated on 15 October
2004".
