On 22 June 2000, the Financial Action Task Force published its ‘Review to identify non-cooperative countries or territories (NCCTs): increasing the worldwide effectiveness of anti-money laundering measures’. This report was picked up by many of the world’s newspapers with many stories referring to the report as providing a ‘blacklist’ of countries that are negligent in their response and attitude to money laundering.
Although numerous countries have made appearances on the list as at February 2006 the only two jurisdictions that remain “blacklisted” are:
In the original editions of “Dirty Dealing” Peter Lilley provided an analysis of the history of the blacklist with details of all the countries that had been listed, and the reasons for their inclusion. You can read this analysis – updated to the current list here.