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Indonesia begs for exclusion from NCCT.

President Susilo Bambang Yudhoyono will send a letter to a number of countries to exclude the country from the list of non cooperative countries and territories (NCCT) in the fight against money laundering. Minister at the State Secretariat Yusril Ihza Mahendra said the president will send the letter to heads of friendly countries including the United States, Australia, New Zealand, and Japan and Hong Kong authorities. The president will explain the position of the country in the next session of the Financial Action Task Force on Money Laundering, Yusril said FATF set up in 1989 by the seven major industrialized nation (G7) now groups 34 industrialized nations to watch the implementation of anti money laundering law all over the world. FATF put Indonesia and five other countries in its list of NCCTs) in 2001. The other five are Cook Islands, Myanmar, Nauru, Nigeria and the Philippines. (BI/12/01/05)
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Title Annotation:non cooperative countries and territories
Publication:Indonesian Commercial Newsletter
Article Type:Brief Article
Geographic Code:9INDO
Date:Jan 11, 2005
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