The Supreme Court nears a ruling on the long-running Arab Bank case, FATF spares Afghanistan from its blacklist, and more, in this week's news roundup.
The United States should strengthen its efforts to fight money laundering and terrorist financing associated with Afghan opium ahead of a military withdrawal from the nation, U.S. officials said Wednesday.
A Switzerland-based nonprofit group Wednesday released what it's calling the first independent ranking of countries for anti-money laundering and financial crime risks, based on 12 national and nongovernmental indices.
Although the anti-money laundering laws of most countries are sound, the number of money laundering convictions worldwide remains relatively low for at least one reason, according to Daniel Thelesklaf, the executive director of the Switzerland-based Basel Institute on Governance.
Banks should provide more detailed information on parties involved in cover payment transactions once a new interbank messaging system is implemented in the fall, according to an international banking committee.
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