An intergovernmental group on Friday moved Croatia, Cameroon and Vietnam onto a global watchlist of nations with strategic gaps in their anti-financial crime defenses, and separately urged countries to strengthen regulatory supervision of cryptocurrency platforms.
In a statement following a three-day summit in Paris, the Financial Action Task Force said that Croatia—the second EU nation ever to be gray-listed by the group—should increase the resources available to its financial intelligence unit, pursue more cross-border money laundering cases and implement a swath of other reforms.
FATF, which did not remove a single country from its now 26-strong gray list, said that members had also discussed new guidance on regulating virtual assets, revised standards related to asset recovery and measures to safeguard access to financial services for legitimate nonprofit organizations.
Topics : | Anti-money laundering , Counterterrorist Financing |
Source: | FATF |
Document Date: | June 23, 2023 |