UNINTENDED CONSEQUENCES OF AML/CFT BEING ASSESSED BY FATF – BUT MORE WORK IS NEEDED, SAY EXPERTS
February 15th, 2022
It would be surprising if as complex an intergovernmental programme as AML/CFT did not spark unintended consequences, but some AML/CFT experts fear that the global system designed and promoted by FATF has caused unwanted and damaging actions that cut across its stated goal – to fight and prevent money laundering.
Garry Clement, president of the Clement Advisory Group, and advisor to Canadian consultancy the AML Shop, who was involved in the initial discussions to establish FATF, stressed that good intentions were behind the creation of a G7 taskforce that ...
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