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Europe Daily Bulletin No. 8815

27 October 2004
Contents Publication in full By article 24 / 32
GENERAL NEWS / (eu) oecd/terrorism
New recommendation to block cross-border flows of money for terrorism

Paris, 26/10/2004 (Agence Europe) - The OECD's financial action group (FATF) has adopted a new recommendation on money laundering. It is calling on Member States to "take measures to detect the physical transport of money and negotiable goods, including a system of declarations or other forms of obligatory notification". The recommendation also calls on Member States to adopt "sanctions that are proportionate and dissuasive with regard to people making false declarations". These sanctions...

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GENERAL NEWS