OGBS said it "strongly recommends that regulation of this sector be introduced" and in cases where a jurisdiction had no plans to do this, it urged that responsibility should be allocated to a competent authority (preferably one with gateways to exchange information with regulators of this sector in other jurisdictions) to ensure such T&CSPs were monitored for compliance with anti-money laundering legislation and legislation designed to combat the financing of terrorism."
In cases where the company formation agent has no other affiliations then a new authority should be created as suggested by the OGBS. Things are however quite different in the UK where, says Keith Johnston, policy and communications manager of STEP, "unfortunately the definition of beneficial owner is a Civil Law definition that simply does not work for trusts."
In September 1997, FATF's external relations included a mission to Cyprus, resulting in Cyprus undergoing a joint Council of Europe/Offshore Group of Banking Supervisors (OGBS) mutual evaluation of Cyprus' money laundering system in the spring of 1998.(115) In October 1997, FATF helped organize a conference in St.
the FATF assessed the CFATF, the Council of Europe and the OGBS's mutual evaluation procedures as being in conformity with its own principles.
Once a few small changes were made (which they now have been, according to Mr Killick) Gibraltar would have a "comprehensive legal framework in place for preventing and combating money laundering, " while the authorities "clearly demonstrate the political will to ensure that their financial institutions and associated professionals maximise their defences against money laundering, and co-operate effectively in international investigations into criminal funds," the OGBS
Gibraltar is a member of the Offshore Group of Banking Supervisors (OGBS
), and, in 2004, the GCID became a member of the Egmont Group.
ISLAMABAD, February 04, 2011 (Balochistan Times): Oxfam Great Britain (OGB
) has decided to initiate a two years project titled, Helping Girls into Schools through School Improvement and Advocacy in South Punjab and Sindh aiming to enhance enrolment and retention of students (especially girls) in Punjab and Sindh.
Indeed, since the vast majority of research in this domain is cross-sectional in nature, one cannot be completely certain whether OGB
is the cause or the effect in the observed relationships.