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FATF Forms Group to Identify Uncooperative Jurisdictions, Boost AML Standards
By Larissa Bernardes
printThe Paris-based Financial Action Task Force has formed a division to "engage" jurisdictions unwilling to comply with the organization's standards on fighting money laundering and terrorist financing. The group comes in response to the Group of 20's Sept. 25 call for the intergovernmental organization, known as FATF, to reinstate a list of jurisdictions at high-risk of financial crime. FATF President Paul Vlaanderen announced the formation of the division during an Oct. 30 meeting of the Caribbean Financial Action Task Force, according to a speech published Wednesday. The International Co-operation Review Group will include members of FATF and other regional anti-money...
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