News

Nearly half of the members of the Council of Europe's anti-money laundering watchdog organization forward less than ten percent of their suspicious transaction reports to law enforcement agencies, the group said Friday. Of the 29 financial intelligence units (FIUs) surveyed by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval), only four alerted investigators about more than 40 percent of the financial regulatory reports, according to a report by the organization. The disparity in numbers "may provide a basis for deeper analysis by the FIUs themselves of the way in which they...