FATF STRATEGIC REVIEW DELIVERS DETAILED REFORMS, BUT BAULKS WHOLESALE CHANGE IN AML/CFT
May 26th, 2022
After a strategic review of the work of the Financial Action Task Force (FATF), beginning in June 2019, AML/CFT observers were wondering if major change would follow when member states concluded how they would respond following the body’s April (2022) ministerial meeting.
The review had been wide ranging. Former executive secretary David Lewis said in 2019 that FATF would decide if there should be a fifth round of mutual evaluation reviews (MER) of governments’ AML/CFT performance once the most recent fourth round wrapped? And if so, (and FATF has now agreed ...
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