FATF REFORMS AGREED AMIDST GENERAL, BUT NOT UNIVERSAL, WELCOME
February 1st, 2012
BY ALAN OSBORN
SO it's done at last. Reform of the Financial Action Task Force's (FATF) Recommendations was formally agreed at the plenary session in Paris on February 15 after some two years of high-powered negotiations and a vast amount of consultation. The basic ground rules for the global fight against money laundering have been pitched forward into new territory. Some cynics fret that the changes go nowhere near far enough, and some of the things they say seem justified. The new-look FATF isn't perfect - but given the inevitable realpolitik involved when ...
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