FATF TYPOLOGIES
May 1st, 2005
Keith NuthallTHE ABUSE of alternative remittance systems and insurance policies to mask audit trails that can highlight money laundering is the focus of a new report from the Financial Action Task Force (FATF). The global anti-money laundering body lists techniques used in these industries by organised criminals in its latest annual 'money laundering and terrorist financing typologies' report. It warns that the growth in alternative remittance systems, which enable international payments to be made outside established banking services, can help criminals "obscure ...
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