NEW FATF BOSS HAILS MORE FOCUS ON IMPLEMENTING AML RULES THAN REVISING GUIDANCE
October 1st, 2016
The word from David Lewis, the new secretary general of the Financial Action Task Force (FATF), is that the UK’s impending ‘Brexit’ departure from the European Union (EU) should not immediately compromise the global fight against money laundering. "The United Kingdom is a founding member of the FATF and its membership and participation in the FATF is not dependent on its membership of the EU", he told the Money Laundering Bulletin in an exclusive interview. But what happens if the UK eventually drops out of the EU's four money laundering directives, and ...
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