ASSET RECOVERY OFFICES HOPE TO REDUCE FINANCIAL CRIME
November 1st, 2009
BY ALAN OSBORN
THE RECOVERY of criminally-acquired assets is driven by two quite different considerations - first as a deterrent to financial crime and second as a means of compensating the victim through restitution. Clearly where the fight against money laundering in concerned, the first is the more important. Vincent Schmoll (NOTE - SPELLING IS CORRECT), principal administrator of the Financial Action Task Force (FATF), the world's leading anti-money laundering (AML) organisation, said there is a FATF recommendation (though not a requirement) that member ...
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