FATF kisses and makes up with IMF
One of the shortest spats in history has come to a happy-clappy end.
The Financial Action Task Force has kissed the IMF and made up after the spat about the Non-Cooperative Countries and Territories List.
At its plenary meeting in Paris on 11 October, the FATF said "FATF is also pleased to announce that it will collaborate with the IMF and the World bank on an important initiative in the international fight against money laundering and the financing of terrorism. After having endorsed the FATF 40 and 8 Recommendations, the IMF, World Bank and the FATF have developed in recent months a common methodology to assess the countries in the world in compliance with the FATF Recommendations. To this end, this methodology will be used by the FATF, the IMF and the World Bank."
So, all pals together, it seems.
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