NEW FATF RECOMMENDATIONS SPARKS AML REFORM WORLDWIDE, BUT SOME CHANGES ARE SLOW
June 1st, 2013
THE CHANGES made in 2012 by the Financial Action Task Force (FATF) to global anti-money laundering and terror finance guidance might have been agreed by consensus, but governments are responding in a wide variety of ways. Some jurisdictions considered to be leaders in anti-money laundering (AML) and combating the financing of terrorism (CFT) practice are taking time to respond, while others have taken advantage of the new recommendations to revamp their AML laws and regulations.The Money Laundering Bulletin has already considered the response of the USA and the ...
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