WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2004-03-01 Posted By: Jan
From the News Archives of: WWW.AfricanCrisis.Org
Date & Time Posted: 3/1/2004 1:21:48 PM
Nigeria listed as one of seven Money Laundry havens
[Nigeria which should be the greatst black nation on Earth – with a population 3 times that of South Africa and riches up to its eyeballs – is instead really a nation of criminals. Jan]
Paris – Nigeria has been blacklisted yet again as one of seven ‘haven’ nations for international money launderers by the Paris-based Financial Action Task Force (FATF).
The blacklisting forces banks and other financial institutions operating from member nations of the Organisation of Economic Co-operation and Development (OECD) to implement security and tracking measures on any transactions with pariah nations.
The only other African nation on the blacklist, Egypt, was removed last week after complying with international banking and financial control regulations.
The ‘haven’ nations are Cook Islands (a country with a population of 21,000 in the south Pacific), Guatemala, Indonesia, Myanmar, Nauru (a country of 21km(194)Â(178)² in the south Pacific, with a population of 12 000), Nigeria and the Philippines.
“We call on our members to maintain their advisories requesting that their financial institutions give especial attention to businesses and transactions with persons, including companies and financial institutions based in these listed countries and territories,” said FATF acting president Claes Norgren at the weekend.
Established by Group of Seven
Norgren, however, praised efforts by Guatemalan authorities to fight money laundering.
“Guatemala recently brought its offshore banks into a supervisory framework,” he said.
“We welcome these efforts in the fight against money laundering, and will continue evaluating its measures to this objective.”
But, he said, Guatemala would be kept on the blacklist until it prove implementation of its new controls.
The FATF was established in 1989 by the Group of Seven (G7) leading industrialised nations of the United States, Canada, Japan, Britain, France, Germany and Italy.
It works out of the offices of the OECD in Paris, which itself represents the world’s 30 most influential industrialised countries.
Critics also stress that the FATF, which has a membership of 31 countries, does not include its own members in its list of money-laundering havens, even though questions arise frequently about bank accounts held in Switzerland, Luxembourg and tax havens under British jurisdiction.
The FATF also has no information about the Palestinian financial system which Israel has alleged finances terrorist activities. Israeli authorities seized millions of dollars after occupying Palestinian banks last week.
Drug trafficking and prostitution rings
The FATF defines money laundering as “the processing of criminal proceeds to disguise their illegal origin”.
Money laundering “enables the criminal to enjoy these profits without jeopardising their source”, the organisation says.
Illegal arms sales, smuggling, and organised crime such as drug trafficking and prostitution rings are known to generate huge amounts of money.
Embezzlement, insider trading, bribery and computer fraud schemes can also produce large profits and create a desire to “legitimise” ill-gotten gains through money laundering. African Eye/Inter Press Service
Edited by Iaine Harper
Source: NEWS24.COM
URL: http://www.news24.com/News24/Africa/News/0,,2…br>