USA STILL NON-COMPLIANT WITH SOME KEY FATF RECOMMENDATIONS, LATEST PROGRESS REPORT CONFIRMS
March 2nd, 2020
THE UNITED States has made slow but steady progress in improving its AML/CFT protections since it last received a detailed assessment from FATF in 2016, according to the global AML body - although it warns that the USA remains non-compliant with four FATF recommendations and partially-compliant with five.
America is still not complying with recommendations 22, 23 and 28 on designated non-financial businesses and professions (DNFBPs) customer due diligence; other measures; and regulation and supervision of DNFBPs; as well as recommendation 24 on transparency and ...
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