IS FATF ON THE RIGHT TRACK?
April 19th, 2024
In late 2024, the Financial Action Task Force (FATF) will celebrate 35 years as the global standard setter for anti-money laundering (AML) and combating the financing of terrorism (CFT) rules. It is an opportunity, say critics, to review and potentially reform its role in the fight against financial crime.
Indeed, critics are calling for reform, with an emphasis on going back to basics to get the fundamentals right.
In the decades since putting dirty money under the spotlight, FATF has prompted a sea change in the regulatory environment as countries scrambled ...
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