AML EXTRADITION PROCEEDINGS ARE COMPLEX AND UNEVEN TOOLS TO FIGHT DIRTY MONEY FLOWS
April 1st, 2021
THE WIDE diversity of AML laws worldwide can complicate the enforcement of AML/CFT extradition proceedings.
Financial Action Task Force (FATF) recommendations 37 and 39 say that governments should be prepared to extradite money launderers (and terrorist financiers) to another country if they both criminalise the underlying predicate offence. If they refuse extradition, then the money laundering prosecution must go ahead locally, cooperating with the requesting country to secure evidence. Where possible, says FATF, extradition procedures should be expedited. ...
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