States stay on money laundering list

HONG KONG - Nineteen countries and territories are to continue suffering under the stigma of being listed as havens for money laundering.

The Financial Action Task Force (FATF), the 29-member body which runs the blacklist, said none of the 19 had made enough progress in enhancing their regulatory structures or information sharing to be delisted.

At the same time, the FATF said its work to strengthen measures to block terrorist finances was proceeding according to plan.

By June, it said, the e