CONCERNS ARE RAISED ABOUT THE WORLD’S TRIPARTITE ANTI-MONEY LAUNDERING SYSTEM – BUT MAJOR REFORM UNLIKELY
May 1st, 2008
BY ALAN OSBORN
AS the Money Laundering Bulletin discussed recently, essentially there are three international non-governmental organisations engaged in the fight against money laundering - the Financial Action Task Force (FATF) together with its sister regional organisations, plus the International Monetary Fund (IMF) and the World Bank. And there has been close collaboration between them since 2004 when the IMF and Bank formally adopted new methodology drawn up and agreed the previous year by the FATF. While all three make their own AML assessments of member ...
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