INTERNATIONAL SANCTIONS COMPLIANCE IS MAJOR CHALLENGE FOR FINANCIAL INSTITUTIONS AND CORPORATIONS
April 1st, 2009
BY PHILIPPA JONES
AS the global recession continues, calls for greater transparency in the financial sector have increased exponentially. The recent G20 summit of leaders from the world's richest economies made this sentiment clear and drew specific attention to the need for all countries to adhere to international standards on anti-money laundering, with the Financial Action Task Force (FATF) being asked to "reinvigorate" its assessment of potentially erring jurisdictions. This will affect tax havens especially, but what of the really unhelpful ...
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