US RESPONSE TO FATF UPDATE COULD BE AGGRESSIVE MOVE ON BENEFICIAL OWNERSHIP RULES
June 1st, 2013
The administration of US President Barack Obama administration has proposed a new anti-money laundering (AML) National Action Plan, which should help America bring its already robust AML regime closer to the revised Recommendations agreed in February 2012 by the Financial Action Task Force (FATF). That said, US government officials have claimed to the Money Laundering Bulletin that aspects of the new plan have been in the works for some time, and before the FATF reform process was completed. As outlined in June by David S Cohen, under secretary for terrorism and ...
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