The invitations to Argentina, Brazil and Mexico, which will take effect at FATF's next meeting in September in Portugal, respond to a call by ministers from FATF member governments in 1998 for a worldwide alliance against money laundering. The invitations to Argentina, Brazil and Mexico follow a political commitment by the governments of these countries to endorse the forty FATF Re-commendations, to undergo two mutual evaluations and to play an active anti-money laundering role in their regions. Full membership in the FATF will be effective upon successful completion of a first mutual evaluation. Announcement of the invitations to the three Latin American countries was made in Tokyo on 2 July 1999.
The Financial Action Task Force on Money Laundering(FATF), the world's leading anti-money laundering authority which operates from the OECD's seat in Paris, marked its tenth anniversary this month with the announcement of invitations to three Latin American countries to join it as observers.
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