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Burma Removed From List of Money-Laundering Nations


An international financial watchdog has removed Burma from a list of nations that do not cooperate in the global fight against money laundering.

The Financial Action Task Force made the announcement on Friday.

Twenty-three countries were listed in 2001 as non-cooperative. Military-ruled Burma had been the last remaining nation on the list.

Earlier this year, the European Union criticized Burma's efforts to end money laundering, calling them insufficient.

The G 8 world's seven leading industrial countries and Russia founded the Financial Action Task Force in 1989. It develops policies to help governments fight money laundering and terrorist-financing.

Information for this report is provided by AP and AFP.

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