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FATF to Highlight Pace of Europe’s Asset Freezes in Counterterrorism Report

By Kira Zalan

A global anti-money laundering watchdog group is set to highlight delays among European nations in freezing the assets of terrorist groups, according to individuals with firsthand knowledge of the matter. In a report expected to be delivered to the Group of 20 next month, the Financial Action Task Force (FATF) will note that some countries in Europe have not fully complied with its recommendations to implement asset freeze orders without delay, including those mandated by the United Nations, two individuals said, on condition of anonymity. G-20 leaders asked the Paris-based group in February to survey its member-states to determine whether...

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