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The FATF ‘Black List’ of Non-Cooperative Countries or Territories

Published online by Cambridge University Press:  03 March 2004

Guy Stessens
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Abstract

This article discusses the Review to Identify Non-Cooperative Countries or Territories, which was issued by the Financial Action Task Force in June 2000. After a general overview of the problem of secrecy havens and of the criteria used to identify them, the article gives a critical assessment of the process used to arrive at the ‘black list’ of 15 jurisdictions that was eventually drawn up. In this respect, a comparison is made with the work carried out by the OECD in the field of unfair tax competition by tax havens. It also looks forward at the possible follow-up to this list, both by the FATF and other international fora.

Keywords

FATFmoney launderingOECDsecrecy havenstax havens
Type
CURRENT LEGAL DEVELOPMENTS
Information
Leiden Journal of International Law , Volume 14 , Issue 1 , March 2001 , pp. 199 - 207
Copyright
© 2001 Kluwer Law International

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