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With Eye on Effectiveness, FATF Enters Next Round of Evaluations

Koos Couvée
London Bureau Chief

The Financial Action Task Force intends to more fully assess whether nations have identified all of their unique vulnerabilities to illicit finance and acted effectively against money launderers and terrorist financiers during the group's upcoming fifth round of evaluations. Latvia, which narrowly escaped FATF's "gray list" five years ago after adopting several anti-money laundering reforms in quick succession, will undergo the first evaluation under the new, stricter methodology, with a team of assessors from Moneyval, the group's affiliate in Europe, set to arrive in the Baltic nation in the weeks ahead. FATF last reformed the methodology in 2013 in introducing...

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