The Financial Action Task Force, the world’s leading anti-money laundering authority, will meet in Vancouver from October 11 to 13 in a Plenary session to discuss the methods criminals and terrorists are using to launder money and the measures authorities can take to stop them.

At the close of the meeting, FATF President Frank Swedlove and its executive-secretary Alain Damais will hold a news conference in the same location to outline the findings and conclusions of the Plenary discussions.

Participants to the meeting will discuss the issue of non-cooperative countries and territories and receive reports on money laundering techniques such as the misuse of corporate vehicles and new payment methods (e.g., stored value cards). These reports will be released at the close of the meeting. FATF will also release reports evaluating the anti-money laundering legislation and implementation in Iceland and Portugal.

The 33 members of the FATF are: Argentina; Australia; Austria; Belgium; Brazil; Canada; Denmark; the European Commission; Finland; France; Germany; Greece; the Gulf Co-operation Council; Honk Kong, China; Iceland; Ireland; Italy; Japan; Luxemburg; Mexico; the Kingdom of the Netherlands; New Zealand; Norway; Portugal; the Russian Federation; Singapore; South Africa; Spain; Sweden; Switzerland; Turkey; the United Kingdom; and the United States. The People’s Republic of China is an Observer.