FATF SAYS THE USA SHOULD BEEF UP ITS NON-FINANCIAL BUSINESS AML CONTROLS

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 ...


Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.