MONEY LAUNDERING IMF/EU
March 1st, 2004
Keith NuthallINTERNATIONAL Monetary Fund (IMF) policies towards borrower countries will henceforth be influenced by their capacity to implement Financial Action Task Force (FATF) recommendations on fighting money laundering. IMF directors have agreed these assessments "do not contravene the prohibition of the Fund to exercise law enforcement powers". The decision follows a 12-month pilot involving cooperation with the World Bank and FATF on improving global money laundering standards. This has sparked IMF conclusions that although compliance with FATF's original ...
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