FATF SAYS THE USA SHOULD BEEF UP ITS NON-FINANCIAL BUSINESS AML CONTROLS
December 1st, 2016 THE UNITED States should do more to boost anti-money laundering (AML) and combating the financing of terrorism (CFT) controls for designated non-financial businesses and professions (DNFBPs), the Financial Action Task Force (FATF) has concluded. It its latest mutual evaluation report on the USA, the global AML/CFT body, working with the Asia/Pacific Group on Money Laundering (APGML), also called for tougher laws controlling company formation in certain states, notably Delaware, Wyoming and Nevada. And while, FATF concluded that generally the USA AML/CFT system is ...
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