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FATF’s Fourth Round More Costly and ‘Intense,’ Says CFATF Director
printThe Financial Action Task Force's latest round of mutual evaluations is proving "much more intense" resource-wise than past examination cycles, according to Calvin Wilson, the executive director of the intergovernmental group's affiliate organization in the Caribbean. For one, nations facing an examination by the Caribbean Financial Action Task Force (CFATF) have to "turn their attention very, very carefully" to gleaning data that will give a clearer picture of their exposure to money laundering and terror financing, said Wilson. The process will require more funding and human resources than in past evaluation rounds, he said. In an interview with ACAMS moneylaundering.com...
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