Family Limited Partnership

Created for family estate planning and asset protection, allowing to achieve a capital gains tax reduction. Normally the FLP is controlled by the general partners holding a 1%-2% interest. There are also limited partners also holding some interest in the partnership.

FATF

An intergovernmental organization established in 1989, with the principal aim to reveal the technologies of money laundering, find the methods of its elimination and make the monitoring of the certain countries which must elaborate the anti-money laundering policy.

F. B. I.

The Federal Bureau of Investigation (the U. S. institution).

FIAT Money

Paper money created out of nothing and without any work, usually by banks (or central banks).

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30/09/2006
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