Text Only
Search

 
Financial Watchdog: Burma Still Not Fighting Money Laundering

24 June 2006

Burma is now the lone country on an international financial watchdog's list of nations that do not cooperate in the global fight against money laundering.

Friday, the Financial Action Task Force removed Nigeria from the list, saying it made progress implementing anti-money laundering reforms. It said the West African country has taken steps at the highest levels to fight corruption.

Twenty-three countries were listed in 2001 as non-cooperative. With Nigeria's removal, only military-ruled Burma remains on the list.

Earlier this year, the European Union criticized Burma's efforts to end money laundering, calling them insufficient.

The G-8, the world's seven leading industrial countries and Russia, founded the Financial Action Task Force in 1989. The task force develops policies to help governments fight money laundering and terrorist-financing.

Some information for this report was provided by AFP and AP

emailme.gif E-mail This Article
printerfriendly.gif Print Version

  Related Stories
Thai Foreign Minister Says Calls for Greater UN Role in Lagging Burma Political Reform
International Community Calls for Aung San Suu Kyi's Release
 
  Top Story
Obama Ends Ghana Visit  Audio Clip Available

  More Stories
China Rushing Supplies to Quake-Hit Zone  Audio Clip Available
Obama Addresses Africans from Ghana  Audio Clip Available
Iraqi Shi'ite Lawmakers Protest British Troop Extension
Iranian Foreign Minister Says Tehran Preparing 'Package' for West  Audio Clip Available
Pakistan: Trial of Mumbai Attackers to Start Next Week
Obama Urges Patience on Economic Recovery  Audio Clip Available
Reports: New Evidence Points to N. Korean in Cyber Attacks
Mugabe Calls For Unity; Slams Western Nations
Report: Bush Administration Surveillance Program Legally Questionable
New York Times: Bush Team Discouraged Probe of Mass Taliban Deaths
China Increases Police Presence on Xinjiang
Honduras Talks End with No Agreement
US Braced for H1N1 Swine Flu Return  Video clip available
Gary in Indiana Hosts Michael Jackson Memorial  Audio Clip Available
Republic of Congo to Hold Presidential Election
Catholic Church in Kenya Promotes Alternative to Female Circumcision  Video clip available