China’s central bank said yesterday the nation has been accepted as an observer at the Financial Action Task Force on Money Laundering, a major intergovernmental organization launched in 1989 by the Group-7 Summit. Observer status marks another step by the nation to step up its international co-operation in combating the threat of money laundering and the funding of terrorism. China is already playing an active role in promoting such co-operation among members of the Euro-Asian Group on Combating Money-Laundry and Financing of Terrorism, the People’s Bank of China, the central bank, said at the end of last year. China is a founding member of that group, established in October 2004. Other members include Russia, the Ukraine, Belarus, Kyrgyzstan and Tajikistan. Full Story
About OODA Analyst
OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.