FATF, WORLD BANK AND IMF DEVELOPING EVER-CLOSER RELATIONSHIP OVER ANTI-MONEY LAUNDERING WORK
February 1st, 2008
BY ALAN OSBORN
THE FIGHT against money laundering took on a new character in early 2004 when the World Bank and the International Monetary Fund (IMF) formally adopted new methodology drawn up and agreed the previous year by the Financial Action Task Force (FATF). Since that time the three institutions have worked much more closely together than they did before and there have been substantial, if largely unquantifiable, savings from the elimination of duplication. Given that the World Bank and IMF remits go much further than money laundering per se it might be ...
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.