FATF RISK BASED APPROACH REFORMS BROADLY WELCOMED, BUT THERE ARE SOME CONCERNS
May 1st, 2011
BY ALAN OSBORN
THE WORLD'S financial institutions seem quietly happy with the work of the premier global anti-money laundering body the Financial Action Task Force (FATF) in recent years, if the latest consultation on the proposed review of the FATF's standards is any guide. To be sure there are numerous suggestions for how the world's leading anti-money laundering agency could be improved and some coolness to certain proposals in FATF's own suggested changes, among the 75 responses - but once instances of special pleading are stripped out, the verdict of the ...
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