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123-532: The FATF Secretariat is administratively hosted at the OECD in Paris, but the two organisations are separate. The objectives of FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. FATF is a "policy-making body" that works to generate

246-475: A 2020 paper, Ronald Pol stated that while the FATF has been very successful in getting its policies adopted worldwide, the actual impact of those policies has been rather small: according to his estimates, less than 1% of illegal profits are seized, with the costs of implementing the policies being at least one hundred times larger. Pol contends that industry and policymakers consistently ignore this, instead evaluating

369-616: A CIA agent assigned to the FBI's international terrorism division, emailed his superiors at the CIA's Counterterrorism Center (CTC) requesting permission to inform the FBI that Hazmi was in the country and that Mihdhar had a U.S. visa. The CIA never responded. The same day, Margarette Gillespie, an FBI analyst working in the CTC, was told to review material about the Malaysia meeting. She was not told of

492-749: A command for more financial transparency, to make sure that they do not become easier for terrorist organisations to launder money through the organisations. This hypothesis was thought of by intergovernmental organisations. These intergovernmental organisations include the World Bank , the Organisation for Economic Co-operation and Development and the International Monetary Fund . NPOs are put under surveillance, especially when they are associated with "suspect communities" or if they are based or working in zones of conflict. FATF data

615-865: A commercial pilot's license. Hanjour arrived in San Diego on December 8, 2000, joining Hazmi. They soon left for Arizona, where Hanjour took refresher training. Marwan al-Shehhi arrived at the end of May 2000, while Atta arrived on June 3, 2000, and Jarrah arrived on June 27, 2000. Bin al-Shibh applied several times for a visa to the United States, but as a Yemeni, he was rejected out of concerns he would overstay his visa. Bin al-Shibh stayed in Hamburg, providing coordination between Atta and Mohammed. The three Hamburg cell members all took pilot training in South Florida at Huffman Aviation . In

738-725: A country . The OECD also created agencies such as the OECD Development Centre (1961), International Energy Agency (IEA, 1974), and Financial Action Task Force on Money Laundering . The aims of the OECD are stated in Article 1 of the Convention as: Unlike the United Nations' "Organizations," OECD uses the spelling "Organisation" with an "s" in its name, together with a hyphenated "Co-operation". Following

861-453: A country's performance based on its assessment methodology that covers: 1. technical compliance, which is about the legal and institutional framework and the powers and procedures of the competent authorities, and 2. effectiveness assessment, which is about the extent to which the legal and institutional framework is producing the expected results. There are many differences between countries dealing with their legal and financial system , which

984-598: A cumbersome task. Following several (occasionally unruly) meetings at the Hotel Majestic in Paris, which began in January 1960, a resolution was reached to create a body that would not only solve European and Atlantic economic issues, but also devise policies that could assist less developed countries. This reconstituted organisation would bring the US and Canada, who were already OEEC observers, on board as full members, and

1107-654: A discussion on a broad spectrum of thematic issues relevant to the OECD charter, member countries, and non-member countries. Noteworthy meetings include: Exchanges between OECD governments benefit from the information, analysis, and preparation of the OECD Secretariat. The secretariat collects data, monitors trends, and analyses and forecasts economic developments. Under the direction and guidance of member governments, it also researches social changes or evolving patterns in trade, environment, education, agriculture, technology, taxation and other areas. The secretariat

1230-566: A few theories that 9/11 was selected by the hijackers as the date of the attack because it resembled 9-1-1 , the phone number used to report emergencies in the United States. However, Lawrence Wright wrote that the hijackers chose the date when John III Sobieski , the King of Poland and Grand Duke of Lithuania , began the battle that turned back the Ottoman Empire 's Muslim armies that were attempting to capture Vienna in 1683. Vienna

1353-501: A framework for negotiations aimed at setting up a European Free Trade Area , to bring the EEC's Inner Six and other OEEC members together on a multilateral basis. In 1958, a European Nuclear Energy Agency was set up in response to Euratom. By this time, some leading countries felt that the OEEC had outlived its purpose but could be adapted to fulfil a more global mission, which proved to be

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1476-572: A group of men from Hamburg , Germany, arrived in Afghanistan. The group included Mohamed Atta , Marwan al-Shehhi , Ziad Jarrah , and Ramzi bin al-Shibh. Bin Laden selected these men because they were educated, could speak English, and had experience living in the West. New recruits were routinely screened for special skills and al-Qaeda leaders consequently discovered that Hani Hanjour already had

1599-500: A matter for the FBI". By late June, senior counter-terrorism official Richard Clarke and CIA director George Tenet were "convinced that a major series of attacks was about to come", although the CIA believed the attacks would likely occur in Saudi Arabia or Israel. In early July, Clarke put domestic agencies on "full alert", telling them, "Something spectacular is going to happen here, and it's going to happen soon". He asked

1722-752: A measure of flexibility in implementing these principles according to their particular circumstances and constitutional frameworks. Both sets of FATF Recommendations are intended to be implemented at the national level through legislation and other legally binding measures. There are multiple groups to organise the Recommendations; AML/CFT Policies and Coordination, Money Laundering and Confiscation, Terrorist Financing and Financial Proliferation, Preventive Measures, Transparency and Beneficial Ownership of Legal Persons and Arrangements, Powers and Responsibilities of Competent Authorities and other Institutional Measures, and International Cooperation. In February 2012,

1845-665: A member of the Organisation through the letter addressed by Romanian Prime Minister Victor Ponta to OECD Secretary-General José Ángel Gurría . In September 2012, the government of Bulgaria confirmed it would apply for membership before the OECD Secretariat. The OECD established a working group headed by ambassador Seiichiro Noboru to work out a plan for the enlargement with non-members. The working group defined four criteria that must be fulfilled: "like-mindedness", "significant player", "mutual benefit" and "global considerations." The working group's recommendations were presented at

1968-461: A member on 28 April 2020. On 15 May 2020, the OECD decided to extend a formal invitation for Costa Rica to join the OECD, which joined as a member on 25 May 2021. Other countries that have expressed interest in OECD membership are Argentina , Brazil , Croatia , Malaysia and Peru . In January 2022, the OECD reported that membership talks were underway with Argentina , Brazil , Bulgaria , Croatia , Peru and Romania . In March 2022,

2091-536: A membership option for these countries. As a result of this, Poland , Hungary , the Czech Republic and Slovakia , as well as South Korea and Mexico , became members of the OECD between 1996 and 2000. East Germany joined on 3 October 1990 through reunification with West Germany. In the 1990s, several European countries, now members of the European Union, expressed their willingness to join

2214-465: A period of transition, having just relocated back to Afghanistan from Sudan . The 1998 African embassy bombings and bin Laden's February 1998 fatwā marked a turning point of al-Qaeda's terrorist operation, as bin Laden became intent on attacking the United States. In late 1998 or early 1999, bin Laden approved Mohammed to go forward with organizing the plot. Atef provided operational support, including target selections and helping arrange travel for

2337-594: A religion that will prevent it from destroying all people. So we tell the Americans as people and we tell the mothers of soldiers and American mothers in general that if they value their lives and the lives of their children, to find a nationalistic government that will look after their interests and not the interests of the Jews . The continuation of tyranny will bring the fight to America, as [the 1993 World Trade Center bomber] Ramzi [Yousef] yourself and others did. This

2460-439: A statement by him on September 16, 2001: "I stress that I have not carried out this act, which appears to have been carried out by individuals with their own motivation". In November 2001, U.S. forces recovered a videotape in which bin Laden, talking to Khaled al-Harbi , admitted foreknowledge of the attacks. On December 27, 2001, a second video of bin Laden was released in which he, stopping short of admitting responsibility for

2583-470: A telephone call mentioning the meeting, Mihdhar, and the name "Nawaf" (Hazmi); while the agency feared "Something nefarious might be afoot", it took no further action. The CIA had already been alerted by Saudi intelligence about Mihdhar and Hazmi being Al-Qaeda members. A CIA team broke into Mihdhar's Dubai hotel room and discovered that Mihdhar had a U.S. visa. While Alec Station alerted intelligence agencies worldwide, it did not share this information with

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2706-406: A very high Human Development Index . As of 2024 their collective population is 1.38 billion people with an average life expectancy of 80 years and a median age of 40, against a global average of 30. As of 2017 , OECD Member countries collectively comprised 62.2% of global nominal GDP ( USD 49.6 trillion) and 42.8% of global GDP ( Int$ 54.2 trillion) at purchasing power parity . The OECD

2829-400: Is a forum whose member countries describe themselves as committed to democracy and the market economy , providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are generally regarded as developed countries , with high-income economies , and

2952-625: Is a key indicator of the quality of AML/CFT systems in the Basel AML Index , a money laundering and terrorist financing risk assessment tool developed by the Basel Institute on Governance . There are still compliance issues in areas that might afford exploitative opportunities for transnational crime and terrorist networks. This can have detrimental effects on a country's national security through increasing risks of money laundering and financing of terrorism as well as wastage due to

3075-588: Is an official United Nations observer . OECD nations have strong social security systems ; their average social welfare spending stood at roughly 21% of GDP. The OECD's headquarters are at the Château de la Muette in Paris , France, which housed its predecessor organization, the Organization for European Economic Co-operation. The OECD is funded by contributions from member countries at varying rates and

3198-556: Is my message to the American people: to look for a serious government that looks out for their interests and does not attack others, their lands, or their honor. My word to American journalists is not to ask why we did that but to ask what their government has done that forced us to defend ourselves. Bin Laden orchestrated the September 11 attacks. He initially denied involvement, but later recanted his denial. Al Jazeera broadcast

3321-691: Is organised in directorates: The head of the OECD Secretariat and chair of the OECD Council is the Secretary-General. Secretary-General selections are made by consensus , meaning all member states must agree on a candidate. Representatives of member and observer countries meet in specialised committees on specific policy areas, such as economics, trade, science, employment, education, development assistance or financial markets. There are about 200 committees, working groups and expert groups. Committees discuss policies and review progress in

3444-556: Is recognised as a highly influential publisher of mostly economic data through publications as well as annual evaluations and rankings of member countries. The OECD is the successor organization to the Organisation for European Economic Co-operation (OEEC) , established in April 1948 among the European recipients of Marshall Plan aid for the reconstruction of Europe after World War II . Only Western European states were members of

3567-443: Is taken into consideration by the FATF. There is a set minimum of actions that meet a standard, that all countries can use regarding their own situation. This standard covers all actions that a nation should take within its regulatory systems and its criminal justice systems as well as the preventive measures that should be taken by specified businesses, professions, and institutions. For non-profit organisations (NPOs) there has been

3690-406: The 1982 Lebanon War . Some analysts, including political scientists John Mearsheimer and Stephen Walt , also claimed that U.S. support of Israel was a motive for the attacks. In 2004 and 2010, bin Laden again connected the September 11 attacks with U.S. support of Israel, although most of the letters expressed bin Laden's disdain for President Bush and bin Laden's hope to "destroy and bankrupt"

3813-922: The 9/11 Commission in April 2004, then— Attorney General John Ashcroft recalled that the "single greatest structural cause for the September 11th problem was the wall that segregated or separated criminal investigators and intelligence agents". Clarke also wrote: "[T]here were... failures to get information to the right place at the right time". Early on the morning of Tuesday, September 11, 2001, nineteen hijackers took control of four commercial airliners (two Boeing 757s and two Boeing 767s ). Large planes with long flights were selected for hijacking because they would have more fuel. * Eastern Daylight Time (UTC−04:00) Excluding hijackers Including emergency workers Including hijackers At 7:59 a.m., American Airlines Flight 11 took off from Logan International Airport in Boston . Fifteen minutes into

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3936-655: The Arabian Peninsula . In a second 1998 fatwā , bin Laden outlined his objections to American foreign policy with respect to Israel , as well as the continued presence of American troops in Saudi Arabia after the Gulf War . Bin Laden maintained that Muslims are obliged to attack American targets until the aggressive policies of the U.S. against Muslims were reversed. The Hamburg cell in Germany included Islamists who eventually came to be key operatives in

4059-577: The Central Intelligence Agency informed President George W. Bush that its Counterterrorism Center had identified the attacks as having been the work of Al-Qaeda under Osama bin Laden . The United States formally responded by launching the war on terror and invading Afghanistan to depose the Taliban , which rejected U.S. terms to expel Al-Qaeda from Afghanistan and extradite its leaders. The U.S.'s invocation of Article 5 of

4182-787: The FATF Blacklist . This was a list of 15 jurisdictions that, for one reason or another, FATF members believed were uncooperative with other jurisdictions in international efforts against money laundering (and, later, terrorism financing). Typically, this lack of cooperation manifested itself as an unwillingness or inability (frequently, a legal inability) to provide foreign law enforcement officials with information relating to bank account and brokerage records, and customer identification and beneficial owner information relating to such bank and brokerage accounts, shell corporations , and other financial vehicles commonly used in money laundering. All remaining Non-Cooperative Countries and Territories in

4305-723: The INS , the State Department, the Customs Service , and the FBI to put Hazmi and Mihdhar on their watchlists, but the FBI was prohibited from using criminal agents in searching for the duo, hindering their efforts. Also in July, a Phoenix -based FBI agent sent a message to FBI headquarters, Alec Station, and FBI agents in New York alerting them to "the possibility of a coordinated effort by Osama bin Laden to send students to

4428-535: The International Monetary Fund , the UN with six expert groups and the World Bank and the OECD . All the observer organisations have anti-money laundering as one of their tasks. The observer organisations include: The FATF has been characterized as effective in shifting laws and regulations to combat illicit financial flows. FATF incentivizes stricter regulations through its public noncomplier list, which leads financial institutions to shift resources and services away from

4551-683: The Revolutions of 1989 , the OECD began assisting countries in and Eastern Europe (especially the Visegrád Group ) to prepare market economy reforms. In 1990, the Centre for Co-operation with European Economies in Transition (now succeeded by the Centre for Cooperation with Non-Members) was established, and in 1991, the programme, "Partners in Transition", was launched to offer a partnership to Czechoslovakia , Hungary and Poland, including

4674-472: The U.S. Department of Defense ) in Arlington County, Virginia . The fourth plane crashed in rural Pennsylvania during a passenger revolt. The September 11 attacks killed 2,977 people, making it the deadliest terrorist attack in history. In response to the attacks, the United States waged the multi-decade global war on terror to eliminate hostile groups deemed terrorist organizations, as well as

4797-634: The World Trade Center and the Pentagon. Another video obtained by Al Jazeera in September 2006 showed bin Laden with one of the attacks' chief planners, Ramzi bin al-Shibh , as well as hijackers, Hamza al-Ghamdi and Wail al-Shehri , amidst making preparations for the attacks. Journalist Yosri Fouda of the Arabic television channel Al Jazeera reported that in April 2002, al-Qaeda member Khalid Sheikh Mohammed admitted his involvement in

4920-595: The World Trade Center site (colloquially "Ground Zero") took eight months and was completed in May 2002, while the Pentagon was repaired within a year. After delays in the design of a replacement complex, six new buildings were planned to replace the lost towers, along with a museum and memorial dedicated to those who were killed or injured in the attacks. The tallest building, One World Trade Center , began construction in November 2006; it opened in November 2014. Memorials to

5043-716: The 1960s to the end of the 1990s was also described in the memoirs titled “the Bank of Japan and the OECD: Recollections and Reflections”, written in Japanese by Kumiharu Shigehara and published in December 2019. In his letter of 5 February 2019, Donald Johnston, OECD Secretary-General (1996-2006), noted that Shigehara's "book is very important for the OECD where there is little living institutional memory". The English edition of Shigehara's memoirs titled The Bank of Japan,

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5166-462: The 1998 fatwa , al-Qaeda identified the Iraq sanctions as a reason to kill Americans, condemning the "protracted blockade" among other actions that constitute a declaration of war against "Allah, his messenger, and Muslims". In 2004, bin Laden claimed that the idea of destroying the towers had first occurred to him in 1982 when he witnessed Israel's bombardment of high-rise apartment buildings during

5289-450: The 9/11 attacks were a strategic move to provoke America into a war that would incite a pan-Islamic revolution. Documents seized during the 2011 operation that killed bin Laden included notes handwritten by bin Laden in September 2002 with the heading "The Birth of the Idea of September 11". He describes how he was inspired by the crash of EgyptAir Flight 990 on October 31, 1999, which

5412-459: The 9/11 attacks. Mohamed Atta ; Marwan al-Shehhi ; Ziad Jarrah ; Ramzi bin al-Shibh; and Said Bahaji were all members of al-Qaeda's Hamburg cell. Bin Laden asserted that all Muslims must wage a defensive war against the United States and combat American aggression. He further argued that military strikes against American assets would send a message to the American people , attempting to force

5535-597: The CIA's Presidential Daily Brief, designated "For the President Only", was entitled Bin Ladin Determined To Strike in US . The memo noted that FBI information "indicates patterns of suspicious activity in this country consistent with preparations for hijackings or other types of attacks". In mid-August, one Minnesota flight school alerted the FBI about Zacarias Moussaoui , who had asked "suspicious questions". The FBI found that Moussaoui

5658-802: The Congo , Gibraltar , Haiti , Jamaica , Jordan , Mali , Morocco , Mozambique , Panama , Philippines , Senegal , South Sudan , Syria , Tanzania , Uganda , United Arab Emirates and Yemen . As of October 2023, FATF has 38 countries as full members. However, through several associated regional bodies, the FATF network comprised 187 countries in total, as of 2012. The FATF also works in close cooperation with several international and regional organisations. Countries are subjected to evaluation by FATF to see that they are upholding laws and regulations enforced by FATF. As of 2023 The FATF currently comprises 38 member jurisdictions and two regional organisations, representing most major financial centres in all parts of

5781-617: The Declaration. The OECD publishes books, reports, statistics, working papers, and reference materials. All titles and databases published since 1998 can be accessed via OECD iLibrary . The OECD Library & Archives collection dates from 1947, including records from the Committee for European Economic Co-operation (CEEC) and the Organisation for European Economic Co-operation (OEEC), predecessors of today's OECD. External researchers can consult OECD publications and archival material on

5904-494: The FATF Blacklist carries with it no formal sanction, in reality, jurisdictions placed on the FATF Blacklist often face intense financial pressure. FATF has made it difficult for non-governmental organisations (NGOs) in many countries to access funds to aid in relief situations and conduct other important civil society functions due to the misinterpretation of FATF criteria by governments. The unintended consequences of

6027-646: The FATF codified its recommendations and Interpretive Notes into one document that maintains SR VIII (renamed Recommendation 8), and also includes new rules on weapons of mass destruction, corruption and wire transfers (Recommendation 16, commonly known as the “travel rule”). In October 2018, the FATF updated Recommendation No. 15, expanding its reach to include operations related to virtual assets. It urged its member countries to ensure that providers of virtual asset services are regulated for AML/CFT objectives and licensed or registered. Additionally, they should be under robust systems for supervision assurance and compliant with

6150-663: The FATF issued the original eight Special Recommendations on Terrorism Financing, following the September 11 attacks in the United States. Among the measures, Special Recommendation VIII (SR VIII) specifically targeted non-profit organisations. This was followed by the International Best Practices Combating the Abuse of Non-Profit Organisations in 2002, released one month before the U.S. Department of Treasury's Anti-Terrorist Financing Guidelines, and

6273-442: The FATF recommendations. In June 2019, the FATF released its first guidance on the risk-based approach for virtual assets and virtual asset service providers. This guidance offers recommendations on how member jurisdictions should regulate cryptocurrency businesses, placing anti-money laundering and countering the financing of terrorism (AML/CFT) obligations on VAs and VASPs. It also extended Recommendation 16 to VASPs. This guidance

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6396-574: The FBI and the State Department to alert the embassies and police departments, and the Defense Department to go to "Threat Condition Delta". Clarke later wrote: Somewhere in CIA there was information that two known al Qaeda terrorists had come into the United States. Somewhere in the FBI, there was information that strange things had been going on at flight schools in the United States.   [...] They had specific information about individual terrorists from which one could have deduced what

6519-465: The FBI. The Malaysian Special Branch observed the January 5, 2000, meeting of the two al-Qaeda members and informed the CIA that Mihdhar, Hazmi, and Khallad were flying to Bangkok , but the CIA never notified other agencies of this, nor did it ask the State Department to put Mihdhar on its watchlist. An FBI liaison asked permission to inform the FBI of the meeting but was told: "This is not

6642-507: The G20. It is not certain when the proposals will be implemented. All the major economies agreed to pass national laws that would require corporations to pay at least 15% income tax in the countries they operate. This new policy would end the practice of locating world headquarters in small countries with very low taxation rates. Governments hope to recoup some of the lost revenue, estimated at $ 100 billion to $ 240 billion each year. The new system

6765-620: The Interpretive Note for SR VIII in 2006. A ninth Special Recommendation was added later. In 2003 the Recommendations, as well as the 9 Special Recommendations were adjusted for the second time. In February 2004 (Updated as of February 2009) the FATF published a reference document Methodology for Assessing Compliance with the FATF 40 Recommendations and the FATF 9 Special Recommendations. The 2009 Handbook for Countries and Assessors outlines criteria for evaluating whether FATF standards are achieved in participating countries. FATF evaluates

6888-681: The NCCT initiative were delisted in October 2006, however, FATF continues to maintain a "blacklist" of "High Risk" jurisdictions and a "greylist" of "Jurisdictions Under Increased Monitoring", and issues updates as countries on High-risk and non-cooperative jurisdictions list have made significant improvements in standards and cooperation. The FATF also issues updates to identify additional jurisdictions that pose Money Laundering/Terrorist Financing risks. The FATF surveyed 26 jurisdictions to check their ability and willingness to cooperate with other countries in

7011-623: The North Atlantic Treaty —its only usage to date—called upon allies to fight al-Qaeda. As U.S. and NATO invasion forces swept through Afghanistan, bin Laden eluded them . He denied any involvement until 2004 , when excerpts of a taped statement in which he accepted responsibility for the attacks were released. Al-Qaeda's cited motivations included U.S. support of Israel , the presence of U.S. military bases in Saudi Arabia and sanctions against Iraq . The nearly decade-long manhunt for bin Laden concluded on May 2, 2011, when he

7134-466: The OECD Convention after September 1961, but are nevertheless considered founding members. The official founding members are the following: Japan became a member in 1964, and over the following decade, Finland , Australia , and New Zealand also joined the organisation. Yugoslavia had observer status in the organisation, starting with the establishment of the OECD, until its dissolution as

7257-584: The OECD Ministerial Council Meeting on 13 May 2004, and on 16 May 2007, the OECD Ministerial Council decided to open accession discussions with Chile , Estonia , Israel , Russia , and Slovenia , and to strengthen cooperation with Brazil , China , India , Indonesia , and South Africa through a process of enhanced engagement. Chile, Slovenia, Israel, and Estonia all became members in 2010. In March 2014,

7380-549: The OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, a Model Tax Convention and country-by-country reporting rules. The OECD publishes and updates a model tax convention that serves as a template for allocating taxation rights between countries. This model is accompanied by a set of commentaries that reflect OECD-level interpretation of the content of the model convention provisions. In general, this model allocates

7503-476: The OECD announced that it "has transitioned to [an] open-access information model" and that Creative Commons CC‑BY‑4.0 attribution licenses will be used on all data and publications. There are 15 working papers series published by the various directorates of the OECD Secretariat. They are available on iLibrary, as well as on many specialised portals. The OECD is responsible for the OECD Guidelines for

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7626-415: The OECD halted membership talks with Russia in response to its role in the 2014 Annexation of Crimea . In 2013, the OECD decided to open membership talks with Colombia and Latvia . In 2015, the Organisation opened talks with Costa Rica and Lithuania . Latvia became a member on 1 July 2016, and Lithuania soon followed on 5 July 2018. Colombia signed the accession agreement on 30 May 2018 and became

7749-473: The OECD premises by appointment. The OECD releases about 600 books and over 400 papers yearly on topics spanning public policy. The publications are updated to the OECD iLibrary. Most books are published in English and French. The OECD flagship titles include: All OECD books are available on the OECD iLibrary, the online bookshop or OECD Library & Archives. OECD Observer , an award-winning magazine,

7872-401: The OECD suspended the participation of Russia and Belarus due to the ongoing 2022 Russian invasion of Ukraine . In June 2022, during the annual OECD Ministerial Council Meeting, the Roadmaps for the Accession to the OECD Convention for Brazil , Bulgaria , Croatia , Peru and Romania were adopted. The OECD sets the rules governing international taxation for multinationals through

7995-455: The OECD, and Beyond was published by Palgrave Macmillan in September 2024. The OECD is known as a statistical agency , as it publishes comparable statistics on numerous subjects. In July 2014, the OECD publicly released its main statistical databases through the OECD Data Portal, an online platform that allows visitors to create custom charts based on official OECD indicators. OECD statistics are available in several forms: In July 2024,

8118-421: The OECD: September 11 attacks The September 11 attacks , commonly known as 9/11 , were four coordinated Islamist terrorist suicide attacks carried out by al-Qaeda against the United States in 2001. Nineteen terrorists hijacked four commercial airliners, crashing the first two into the Twin Towers of the World Trade Center in New York City and the third into the Pentagon (headquarters of

8241-457: The OEEC would set to work straight away on convincing Japan to join the organisation. The Convention on the Organisation for Economic Co-operation and Development was signed on 14 December 1960, and the OECD officially superseded the OEEC in September 1961, consisting of the European founder countries of the OEEC, with the additions of the United States and Canada. Three countries, (Netherlands, Luxembourg, and Italy)—all OEEC members—ratified

8364-466: The OEEC, whose primary function was the allocation of American aid. Its Secretaries-General were the Frenchmen Robert Marjolin (1948–1955) and René Sergent (1955–1960). It was headquartered in the Château de la Muette in Paris. Following the end of Marshall aid in 1952, the OEEC focused on economic issues. Its coordinating role was challenged after the 1957 Rome Treaties establishing the European Economic Community and Euratom . The OEEC provided

8487-486: The Organisation. In 1995, Cyprus applied for membership, but according to the Cypriot government, it was vetoed by Turkey . In 1996, Estonia , Latvia , and Lithuania signed a Joint Declaration expressing willingness to become members of the OECD, and Slovenia also applied for membership that same year. In 2005, Malta applied to join the Organisation. The EU is lobbying for the admission of all EU member states . Romania reaffirmed in 2012 its intention to become

8610-416: The Pentagon , which contains more than 64,000 workers, a military base which has a big concentration of army and intelligence ... As for the World Trade Center , the ones who were attacked and who died in it were part of a financial power. It wasn't a children's school! Neither was it a residence. The consensus is that most of the people who were in the towers were men who backed the biggest financial force in

8733-442: The Testing of Chemicals , a continuously updated document that is a de facto standard (i.e., soft law). It published the OECD Environmental Outlook to 2030 in March 2008, which argues that tackling key environmental problems—including climate change , biodiversity loss , water scarcity , and the health impacts of pollution —is both achievable and affordable. In 2020, the inaugural University Press Redux Sustainability Award

8856-557: The U.S. Other motives have been suggested in addition to those stated by bin Laden and al-Qaeda. Some authors suggested the "humiliation" that resulted from the Islamic world falling behind the Western world—this discrepancy was rendered especially visible by globalization and a desire to provoke the U.S. into a broader war against the Islamic world in the hope of motivating more allies to support al-Qaeda. Similarly, others have argued

8979-454: The U.S. economy and induced global market shocks . Many other countries strengthened anti-terrorism legislation and expanded their powers of law enforcement and intelligence agencies . The total number of deaths caused by the attacks, combined with the death tolls from the conflicts they directly incited, has been estimated by the Costs of War Project to be over 4.5 million. Cleanup of

9102-508: The U.S. to re-evaluate its support to Israel , and other aggressive policies. In a 1998 interview with American journalist John Miller , bin Laden stated: We do not differentiate between those dressed in military uniforms and civilians; they are all targets in this fatwa. American history does not distinguish between civilians and military, not even women and children. They are the ones who used bombs against Nagasaki. Can these bombs distinguish between infants and military? America does not have

9225-438: The United States to attend civil aviation universities and colleges". The agent, Kenneth Williams, suggested the need to interview flight school managers and identify all Arab students seeking flight training. In July, Jordan alerted the U.S. that al-Qaeda was planning an attack on the U.S.; "months later", Jordan notified the U.S. that the attack's codename was "The Big Wedding" and that it involved airplanes. On August 6, 2001,

9348-863: The attacks include the National September 11 Memorial & Museum in New York City, the Pentagon Memorial in Arlington County, Virginia, and the Flight 93 National Memorial at the Pennsylvania crash site. In 1996, Osama bin Laden of the Islamist militant organization al-Qaeda issued his first fatwā , which declared war against the United States and demanded the expulsion of all American soldiers from

9471-845: The attacks and said they were carried out because: The events that affected my soul in a direct way started in 1982 when America permitted the Israelis to invade Lebanon and the American Sixth Fleet helped them in that. This bombardment began and many were killed and injured and others were terrorised and displaced. I couldn't forget those moving scenes, blood and severed limbs, women and children sprawled everywhere. Houses were destroyed along with their occupants, high rises demolished over their residents, rockets raining down on our home without mercy...As I looked at those demolished towers in Lebanon, it entered my mind that we should punish

9594-468: The attacks as retaliatory strikes against American atrocities against Muslims across the world. He also maintained that the attacks were not directed against women and children, asserting that the targets of the strikes were symbols of America's "economic and military power". In bin Laden's November 2002 Letter to the American People , he identified al-Qaeda's motives for the attacks: After

9717-408: The attacks, along with Ramzi bin al-Shibh. The 2004 9/11 Commission Report determined that the animosity which Mohammed, the principal architect of the 9/11 attacks, felt towards the United States had stemmed from his "violent disagreement with U.S. foreign policy favoring Israel". Mohammed was also an adviser and financier of the 1993 World Trade Center bombing and the uncle of Ramzi Yousef ,

9840-402: The attacks, bin Laden and Ayman al-Zawahiri released additional recordings , some of which repeated the above reasons. Two relevant publications were bin Laden's 2002 Letter to the American People and a 2004 videotape by bin Laden. [...] those young men, for whom God has cleared the way, didn't set out to kill children, but rather attacked the biggest centre of military power in the world,

9963-469: The attacks, said: It has become clear that the West in general and America in particular have an unspeakable hatred for Islam.   ... It is the hatred of crusaders . Terrorism against America deserves to be praised because it was a response to injustice, aimed at forcing America to stop its support for Israel, which kills our people.   ... We say that the end of the United States is imminent, whether Bin Laden or his followers are alive or dead, for

10086-522: The awakening of the Muslim ummah [nation] has occurred.   ... It is important to hit the economy (of the United States), which is the base of its military power...If the economy is hit they will become reoccupied. Shortly before the 2004 U.S. presidential election , bin Laden used a taped statement to publicly acknowledge al-Qaeda's involvement in the attacks. He admitted his direct link to

10209-548: The complex and damaging or destroying nearby buildings. American Airlines Flight 77 flew towards Washington, D.C. and crashed into the Pentagon at 9:37 a.m., causing a partial collapse. The fourth and final flight, United Airlines Flight 93 , also changed course towards Washington, believed by investigators to target either the United States Capitol or the White House . Alerted to the previous attacks,

10332-435: The cost borne by the member countries, such as sending their officials to OECD meetings and maintaining permanent delegations, is equivalent to the cost of running the secretariat. This ratio is unique among inter-governmental organisations. In other words, the OECD is more a persistent forum or network of officials and experts than an administration. The OECD regularly holds minister-level meetings and forums as platforms for

10455-501: The countries on the blacklist. This in turn motivates domestic economic and political actors in the listed countries to pressure their governments to introduce regulations that are compliant with the FATF. As of 2012, the effect of the FATF Blacklist has been significant, and arguably has proven more important in international efforts against money laundering than the FATF Recommendations. While, under international law ,

10578-565: The criminal justice system and law enforcement, international cooperation, and the financial system and its regulation. The FATF completely revised the Forty Recommendations in 1996 and 2003. By 1996 the Recommendations had to be updated to include more than just drug-money laundering, as well as to keep up with changing techniques. The 2003 Forty Recommendations require states, among other things, to: The FATF has issued Special Recommendations on Terrorist Financing. In October 2001

10701-504: The deadliest terrorist attack in history as well as the deadliest incident for firefighters and law enforcement personnel in American history, killing 343 and 72 members, respectively. The loss of life stemming from the impact of Flight 11 made it the most lethal multi-plane crash in aviation history followed by the death toll incurred by Flight 175. The destruction of the World Trade Center and its environs seriously harmed

10824-562: The first time in Kumiharu Shigehara, “Multilateral Surveillance: What the OECD can offer?” (the 1996 Global Finance Lecture, the University of Birmingham, 1996; OECD publication, Paris, 1996) at a time when Shigehara was OECD Chief Economist and Head of Economics Department (1992–1997); he was subsequently OECD Deputy Secretary-General (1997–1999). It was also discussed in: The history of OECD multilateral surveillance from

10947-505: The flight, five hijackers armed with boxcutters took over the plane, injuring at least three people (and possibly killing one) before forcing their way into the cockpit. The terrorists also displayed an apparent explosive and sprayed mace into the cabin, to frighten the hostages into submission and further hinder resistance. Back at Logan, United Airlines Flight 175 took off at 8:14 a.m. Hundreds of miles southwest at Dulles International Airport , American Airlines Flight 77 left

11070-593: The foreign governments purported to support them. Ringleader Mohamed Atta flew American Airlines Flight 11 into the North Tower of the World Trade Center complex in Lower Manhattan at 8:46 a.m. Seventeen minutes later, United Airlines Flight 175 hit the South Tower . Both collapsed within an hour and forty-one minutes, bringing about the destruction of the remaining five structures in

11193-531: The gate at 8:00 a.m., the plane was running 42 minutes late. At 8:46 a.m., Flight 11 was deliberately crashed into the north face of the World Trade Center's North Tower between the 93rd and 99th floors. The initial presumption by many was that it was an accident. At 8:51 a.m., American Airlines Flight 77 was also taken over by five hijackers who forcibly entered the cockpit 31 minutes after take-off. Although they were equipped with knives, there were no reports of anyone on board being stabbed, nor did

11316-429: The given policy area. OECD has a number of specialised bodies: OECD decisions are made through voting, which requires unanimity among all of those voting. Each member country has one vote. However, dissenting members which do not wish to block a decision but merely to signal their disapproval can abstain from voting. 22 of the OECD member countries are also EU member states. As of May 2021 there are 38 members of

11439-554: The globe: As of 2023, there are 9 "FATF-style regional bodies" that are associate members of the FATF: Countries that are not full FATF members but are members of the FATF-style regional bodies are entitled to attend FATF meetings as individual member delegates of the regional bodies and to intervene on policy and operational issues. There are 28 international organisations with the "FATF Observer" status. These include

11562-751: The hijackers. Bin Laden overruled Mohammed, rejecting potential targets such as the U.S. Bank Tower in Los Angeles for lack of time. Bin Laden provided leadership and financial support and was involved in selecting participants. He initially selected Nawaf al-Hazmi and Khalid al-Mihdhar , both experienced jihadists who had fought in Bosnia . Hazmi and Mihdhar arrived in the United States in mid-January 2000. In early 2000, Hazmi and Mihdhar took flying lessons in San Diego, California. Both spoke little English, performed poorly in flying lessons, and eventually served as secondary "muscle" hijackers. In late 1999,

11685-429: The implementation of inappropriate regulatory measures. The objective is to increase mitigation strategies that would enable scarce resources in fighting money laundering and terrorism financing threats. The FATF follows strict criteria to identify potential threats. In addition to FATF's "Forty plus Nine" Recommendations, in 2000 FATF issued a list of " Non-Cooperative Countries or Territories " (NCCTs), commonly called

11808-491: The international fight against money laundering. The review contained the summaries of these surveys. Fifteen jurisdictions were branded "non-cooperative countries or territories", because of the high number of harmful practices identified in these jurisdictions. As of June 2024, countries in the blacklist are Iran , Myanmar and North Korea . Countries and territories in the grey list are Albania , Barbados , Burkina Faso , Cambodia , Cayman Islands , Democratic Republic of

11931-565: The lead bomber in that attack. In late 1994, Mohammed and Yousef moved on to plan a new terrorist attack called the Bojinka plot planned for January 1995. Despite a failure and Yousef's capture by U.S. forces the following month, the Bojinka plot would influence the later 9/11 attacks. In "Substitution for Testimony of Khalid Sheikh Mohammed" from the trial of Zacarias Moussaoui , five people are identified as having been completely aware of

12054-432: The listed. This in turn has motivated domestic economic and political actors in the listed countries to pressure their governments to introduce regulations that are compliant with the FATF. FATF was formed at the 1989 G7 Summit in Paris to combat the growing problem of money laundering. The task force was charged with studying money laundering trends, monitoring legislative, financial and law enforcement activities taken at

12177-545: The misinterpretation of FATF Recommendation 8 on non-profit organisations have impacted NGOs, particularly those in the Global South extending well beyond civil society located in Middle Eastern and terror-ridden countries. In 2023, FATF released new guidance on interpretation of Recommendation 8 relating to non-profits, to better prevent misuse of its standards to restrict legitimate civil society operations. In

12300-452: The national and international level, reporting on compliance, and issuing recommendations and standards to combat money laundering . At the time of its formation, FATF had 16 members, which by 2023 had grown to 40. In its first year, FATF issued a report containing forty recommendations to more effectively fight money laundering. These standards were revised in 2003 to reflect evolving patterns and techniques in money laundering. The mandate of

12423-540: The necessary political will to bring about national legislative and regulatory reforms in these areas. FATF monitors progress in implementing its Recommendations through "peer reviews" ("mutual evaluations") of member countries. Since 2000, FATF has maintained the FATF blacklist (formally called the "Call for action") and the FATF greylist (formally called the "Other monitored jurisdictions"). The blacklist has led financial institutions to shift resources and services away from

12546-403: The operation's details. They are bin Laden, Khalid Sheikh Mohammed, Ramzi bin al-Shibh , Abu Turab al-Urduni and Mohammed Atef . Osama bin Laden's declaration of a holy war against the United States, and a 1998 fatwā signed by bin Laden and others that called for the killing of Americans, are seen by investigators as evidence of his motivation. In November 2001, bin Laden defended

12669-519: The oppressor in kind and that we should destroy towers in America so that they taste some of what we tasted and so that they be deterred from killing our women and children. And that day, it was confirmed to me that oppression and the intentional killing of innocent women and children is a deliberate American policy. Destruction is freedom and democracy, while resistance is terrorism and intolerance. Bin Laden personally directed his followers to attack

12792-427: The organisation was expanded in 2001 to include terrorist financing following the September 11 terror attacks . Together, the Forty Recommendations on Money Laundering and eight (now nine) Special Recommendations on Terrorism Financing set the international standard for anti-money laundering measures and combating the financing of terrorism and terrorist acts . They set out the principles for action and allow countries

12915-618: The organization-including Abu Hafs the Mauritanian , Sheikh Saeed al Masri , and Sayf al Adl . One senior al Qaeda operative claims to recall Bin Ladin arguing that attacks against the United States needed to be carried out immediately to support insurgency in the Israeli-occupied territories and protest the presence of U.S. forces in Saudi Arabia. —  9/11 Commission Report , p. 251 On July 13, Tom Wilshire,

13038-562: The other (such as between OECD and non-OECD pairings). Additionally, the OECD has published and updated the Transfer Pricing Guidelines since 1995. The Transfer Pricing Guidelines serve as a template for the profit allocation of inter-company transactions to countries. The latest version, of July 2017, incorporates the approved Actions developed under the Base Erosion and Profit Shifting (BEPS) project initiated by

13161-471: The participant's presence in the U.S. The CIA gave Gillespie surveillance photos of Mihdhar and Hazmi from the meeting to show to FBI counterterrorism but did not tell her their significance. The Intelink database informed her not to share intelligence material with criminal investigators. When shown the photos, the FBI refused more details on their significance, and they were not given Mihdhar's date of birth or passport number. In late August 2001, Gillespie told

13284-605: The passengers revolted against the hijackers who crashed the aircraft into a field near Shanksville, Pennsylvania , at 10:03 a.m. The Federal Aviation Administration ordered an indefinite ground stop for all air traffic in U.S. airspace, preventing any further aircraft departures until September 13 and requiring all airborne aircraft to return to their point of origin or divert to Canada. The actions undertaken in Canada to support incoming aircraft and their occupants were collectively titled Operation Yellow Ribbon . That evening,

13407-475: The policies based on largely irrelevant success metrics . [REDACTED] Media related to Financial Action Task Force on Money Laundering at Wikimedia Commons OECD The Organisation for Economic Co-operation and Development ( OECD ; French : Organisation de coopération et de développement économiques, OCDE ) is an intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and world trade . It

13530-423: The primary right to tax to the country from which capital investment originates (i.e., the home, or resident country) rather than the country in which the investment is made (the host, or source country). As a result, it is most effective between two countries with reciprocal investment flows (such as among the OECD member countries), but can be unbalanced when one of the signatory countries is economically weaker than

13653-588: The runway at 8:20 a.m. Flight 175's journey proceeded normally for 28 minutes until 8:42 am, when a group of five hijacked the plane, murdering both pilots and stabbing several crew members before assuming control of the aircraft. These hijackers also used bomb threats to instil fear into the passengers and crew, also spraying chemical weapons to disable any opposition. Concurrently, United Airlines Flight 93 departed from Newark International Airport in New Jersey ; originally scheduled to pull away from

13776-546: The spring of 2001, the secondary hijackers began arriving in the United States. In July 2001, Atta met with bin al-Shibh in Tarragona , Catalonia, Spain, where they coordinated details of the plot, including final target selection. Bin al-Shibh passed along bin Laden's wish for the attacks to be carried out as soon as possible. Some of the hijackers received passports from corrupt Saudi officials who were family members or used fraudulent passports to gain entry. There have been

13899-550: The world, which spreads mischief throughout the world. — Osama Bin Laden's interview with Tayseer Allouni , October 21, 2001 As an adherent of Islam , bin Laden believed that non-Muslims are forbidden from having a permanent presence in the Arabian Peninsula . In 1996, bin Laden issued a fatwā calling for American troops to leave Saudi Arabia. One analysis of suicide terrorism suggested that without U.S. troops in Saudi Arabia, Al-Qaeda likely would not have been able to get people to commit to suicide missions. In

14022-499: Was a radical who had traveled to Pakistan, and the INS arrested him for overstaying his French visa. Their request to search his laptop was denied by FBI headquarters due to the lack of probable cause . The failures in intelligence-sharing were attributed to 1995 Justice Department policies limiting intelligence-sharing, combined with CIA and NSA reluctance to reveal "sensitive sources and methods" such as tapped phones. Testifying before

14145-472: Was about to happen. None of that information got to me or the White House. [...] by July [2001], with word spreading of a coming attack, a schism emerged among the senior leadership of al Qaeda. Several senior members reportedly agreed with Mullah Omar . Those who reportedly sided with bin Ladin included Atef , Sulayman Abu Ghayth , and KSM . But those said to have opposed him were weighty figures in

14268-590: Was deliberately crashed by co-pilot Gameel Al-Batouti , killing over 200 passengers. "This is how the idea of 9/11 was conceived and developed in my head, and that is when we began the planning" bin Laden continued, adding that no one but Abu Hafs and Abu al-Khair knew about it at the time. The 9/11 Commission Report identified Khalid Sheikh Mohammed as the architect of 9/11, but he is not mentioned in bin Laden's notes. The attacks were conceived by Khalid Sheikh Mohammed , who first presented it to Osama bin Laden in 1996. At that time, bin Laden and Al-Qaeda were in

14391-745: Was given to OECD by the Association of Learned and Professional Society Publishers (ALPSP) and Cambridge University Press . The award recognized the development of the SDG Pathfinder, an open-access digital discovery tool for finding content and data relating to the Sustainable Development Goals (SDGs). The OECD's structure consists of three main elements: Delegates from the member countries attend committee and other meetings. Former Deputy Secretary-General Pierre Vinde  [ sv ] estimated in 1997 that

14514-457: Was introduced in Q2 2013. The OECD Observer was last issued in the fourth quarter of 2019, with a double edition looking ahead at artificial intelligence, and a cover leading on why statistical offices should hire a comedian. The OECD Observer website closed in the first quarter of 2021; the archive can be consulted at www.oecd.org. The OECD's multilateral surveillance was systematically reviewed for

14637-607: Was killed during a U.S. military raid on his compound in Abbottabad, Pakistan . The War in Afghanistan continued for another eight years until the agreement was made in February 2020 for American and NATO troops to withdraw from the country . Excluding the hijackers, the attacks killed 2,977 people, injured thousands more and gave rise to substantial long-term health consequences while also causing at least $ 10   billion in infrastructure and property damage. It remains

14760-478: Was launched in 1962. The magazine appeared six times a year until 2010, and became quarterly in 2011 with the introduction of the OECD Yearbook , launched for the 50th anniversary of the organisation. The online and mobile editions contained news, analysis, reviews, commentaries and data on global economic, social and environmental challenges and listings of the latest OECD books. An OECD Observer Crossword

14883-752: Was promoted by the Biden Administration in the United States and the OECD. Secretary-General Mathias Cormann of the OECD said, "This historic package will ensure that large multinational companies pay their fair share of tax everywhere." The OECD Guidelines for Multinational Enterprises are a set of legally non-binding guidelines attached as an annex to the OECD Declaration on International Investment and Multinational Enterprises. They are recommendations providing principles and standards for responsible business conduct for multinational corporations operating in or from countries adhering to

15006-809: Was the seat of the Holy Roman Empire and Habsburg monarchy , both major powers in Europe at the time. For Osama bin Laden, this was a date when the West gained some dominance over Islam, and by attacking on this date, he hoped to make a step in Islam "winning" the war for worldwide power and influence. In late 1999, al-Qaeda associate Walid bin Attash ("Khallad") contacted Mihdhar and told him to meet in Kuala Lumpur , Malaysia; Hazmi and Abu Bara al Yemeni would also be in attendance. The NSA intercepted

15129-494: Was updated on March 19 and October 2021. The FATF's Forty Recommendations on Money Laundering of 1990 are the primary policies issued by FATF and the Nine Special Recommendations (SR) on Terrorism Financing (TF). The Recommendations are seen globally as the world standard in anti-money laundering as well many countries have committed to putting the Forty Recommendations in place. The Recommendations cover

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