News Release

Washington, D.C., (February 17, 2012) – The American Council of Life Insurers (ACLI) and other members of the International Network of Insurance Associations (INIA) welcome the release of new and revised recommendations from the Financial Action Task Force (FATF) designed to fight money laundering and terrorist financing.

The FATF is an inter-governmental organization whose purpose is the development and promotion of national and international policies to combat money laundering, the financing of terrorism and proliferation of weapons of mass destruction.

Download the INIA joint statement (PDF). 

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The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association with more than 300 legal reserve life insurer and fraternal benefit society member companies operating in the United States. ACLI members represent more than 90 percent of the assets and premiums of the life insurance and annuity industry. In addition to life insurance and annuities, ACLI member companies offer pensions, 401(k) and other retirement plans, long-term care and disability income insurance, and reinsurance. ACLI's public Web site can be accessed at www.acli.com.

CONTACT

Jack Dolan, 202-624-2418
Whit Cornman, 202-624-2442
Steven Brostoff, 202-624-2419
Jack Dolan, 202-624-2418
Whit Cornman, 202-624-2442
Steven Brostoff, 202-624-2419