Canada is cooperating with the FATF and similar regional organizations, such as the Asia Pacific group, to insure that the FATF recommendations are implemented worldwide. Members of the FATF and those regional organizations are evaluated to make sure that they have taken the necessary measures to fight money laundering and terrorist funding. Common standards are used to ensure that the system is seamless. Clearly, this is a work in progress, and we must remain vigilant. That is why we try to play a leading role, both internationally and domestically.
On October 31st, 2006. See this statement in context.