alphabet soup of international financial bodies monitoring money laundering and harmful tax practices can get confusing. There's more to come as more organisations release their "hit lists'' in the next few months: Three findings have already been released and at least two more are expected.

The box below sets out each of the organisations, their particular area of concentration, where Bermuda stands and when their report was or will be released: The Financial Stability Forum (FSF) is concerned with supervision and regulation of the financial institutions sector.

Bermuda was listed in their middle section as a jurisdiction where the industry is in need of government supervision. May 25, 2000 Organisation for Economic Co-operation and Development (OECD) is concerned with jurisdictions engaging in harmful tax competition practices.

Bermuda was not put on its blacklist after submitting a letter of commitment with an annex which outlines exactly how Government intends to meet OECD standards by 2005. June 19, 2000.

The Group of Seven's (G-7) Financial Action Task Force (FATF) is concerned with money laundering.

Bermuda not one of the 15 countries on their blacklist. June 22, 2000 UK White Paper Group, like the FSF, is concerned with supervision and regulation of the financial institutions sector.

Results not yet available.

The United Nations Group is compiling a list of countries that have good standards of financial supervision.

Results not yet available.