Groupe d'action financière
In the period of over ten years which had elapsed since the text of the 1990 Convention was adopted, valuable experience had been gained. The mutual evaluation procedures of the Financial Action Task Force on Money Laundering (FATF), which updated its Recommendations in 1996 and 2003, and added 8 Special Recommendations in 2001 and one more in 2004, and the similar work undertaken by the MONEYVAL, had provided valuable insights into the problems which had arisen both in the domestic implementation of anti-money laundering measures, and in international cooperation. The remits of these two evaluative bodies had also been extended to cover assessment of the effectiveness of measures taken in jurisdictions to counter terrorist financing.