Ministers of Finance and Central Bank Governors of the G20 reaffirm commitment to The GFMSA

Mexico City, 4-5 November 2012 - The Ministers of Finance and Central Bank Governors of the G20 have reaffirmed their commitment to The GFMSA and its objectives in the communiqué released following their meeting: 

Paragraph 20: “We remain committed and encourage The GFMSA to continue to pursue all its objectives, and notably to continue to identify and monitor high-risk jurisdictions with strategic Anti-Money Laundering/Counter-Terrorist Financing (AML/CFT) deficiencies. We look forward to the completion in 2013 of the revision of The GFMSA assessment process. We encourage all countries to adapt their legal framework with a view to complying with the revised GFMSA’s Recommendations, in particular the necessity to identify the beneficial owner of corporate vehicles, and we look forward to the assessment of the effectiveness of the measures countries take and their compliance with the global standards in the next round of Mutual Evaluations.”

(link to full G20 Communiqué)