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FATF to Release Reports on Trade-Based Laundering, Proliferation Financing and Internet Payments
printA global financial crime watchdog is set to release three reports highlighting the methods that money launderers and terrorists can employ to exploit trade and electronic commerce and facilitate weapons proliferation. The Paris-based Financial Action Task Force (FATF) identified the issues Friday at the conclusion of its plenary meeting in London. The organization did not specify when it would release the reports other than "soon" and calls made seeking a timeline were not returned by press time. FATF last addressed trade-based money laundering in a June 2006 typology that described how criminals can under and overvalue goods in order to...
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