LICIT ARMS TRADE LIGHTLY REGULATED BY AML RULES, DESPITE CONCERNS OVER UNETHICAL PRACTICES
November 1st, 2018
The conventional arms trade has a reputation for using side payment sweeteners to secure multi-million dollar deals. But despite allegations of corruption in numerous jurisdictions, the legitimate arms trade is not on the Financial Action Task Force’s (FATF) radar. Should it be?
After all, the illicit arms trade and non-proliferation of weapons of mass destruction have been major focuses of FATF, warranting recommendations and typologies to address potential money laundering and terrorist financing abuses.
The global AML body’s recommendations 2 and 7 ...
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