FATF CHIEFS SAY REVISED RECOMMENDATIONS WILL REQUIRE MORE EFFECTIVE PRIVATE/PUBLIC SECTOR COOPERATION
February 1st, 2012
BY DAVID HAYHURST, IN PARIS
SENIOR figures at the Financial Action Task Force (FATF) have stressed the need for greater international cooperation, particularly between public authorities and financial services, while detailing the organisation's revised Recommendations at its plenary meeting.
"The revised Recommendations will require more effective cooperation between countries to exchange information," FATF president Giancarlo Del Bufalo told journalists at its Paris headquarters.
"Recommendations concerning law enforcement and financial ...
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