FATF 40 RECOMMENDATIONS
July 1st, 2003
BY KEITH NUTHALLTHE REFORM of the world's anti-money laundering campaign is continuing apace. Defying critics of its alliance with the World Bank and the International Monetary Fund, the Financial Action Task Force of the OECD has issued a revised set of its key 40 Recommendations to fight the crime. Keith Nuthall reports.IT is - objectively and subjectively - a promising start. The FATF's updated 40 Recommendations, which have long been the accepted Bible for governments wishing to do their bit against money laundering, have been made tougher and more detailed. ...
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