NORTH AMERICA’S NORTHERN NEIGHBOURS FAIL TO COMPLY WITH FATF STANDARDS
March 1st, 2019
THE UNITED States and Canada maybe two developed countries that have long-established anti-money laundering and combating the financing of terrorism (AML/CFT) systems, but these have been found wanting by the Financial Action Task Force (FATF). While both countries continue to introduce AML/CFT reforms, they are unlikely to meet some key FATF demands.
This is despite the Canadian government publishing draft amendments to the country’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act in June (2018). Once these amendments are finalised, then the ...
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