Financial Action Task Force of South America
Financial Action Task Force of South America (GAFISUD) created on December 8, 2000, is a regional inter-governmental organization aimed at combating money laundering and terrorist financing by means of the continuous improvement of national policies and the strengthening of different methods of co-operation between member-states.
The Group has legal personality and diplomatic status in the Republic of Argentina, where the office of its Secretariat is located.
The purpose of the Group is to work toward developing and implementing a comprehensive global strategy to combat money laundering and terrorist financing as set out in the FATF Recommendations. The effort includes encouraging the creation of the offence of money laundering in relation to serious crimes, the development of legal systems to effectively investigate and prosecute these offences, the establishment of systems for reporting suspicious transactions, the promotion of mutual legal assistance.
GAFISUD has the status of Associate Member within the FATF.
GAFISUD members
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Argentina
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Bolivia
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Brazil
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Chile
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Colombia
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Ecuador
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Mexico
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Paraguay
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Peru
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Uruguay
GAFISUD Observer states
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France
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Germany
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Portugal
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Spain
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United States
GAFISUD Observer organizations
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Caribbean Financial Action Task Force (CFATF)
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Egmont Group of Financial Intelligence Units
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Financial Action Task Force on Money Laundering (FATF)
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Inter-American Development Bank
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International Monetary Fund (IMF)
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Interpol
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INTOSAI
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Organization of American States (OAS)/Inter-American Drug Abuse Control Commission (CICAD)
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United Nations
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World Bank