By PAUL O’DONOGHUE, Senior Correspondent FATF has come under increasing scrutiny over claims its AML recommendations are abused by ‘strongmen’ political leaders and governments. Recommendations from the FATF (Financial Action Task Force) “can be used to make politically motivated arrests,” the Economist has claimed this month. “The insertion of offences related to financial crime in…
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ANALYSIS: ‘Strongmen’ governments weaponise FATF recommendations claim; body issues statement in response
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RESPONSE: In a statement, FATF (its Paris headquarters pictured) said it has "proactively addressed the misuse of the FATF Standards for other purposes that curtail human rights." "As a result of this work we have updated the standards and guidance and improved training, including of assessors," it said. PHOTO: Reuters