Anti-Financial Crime & Financial Crime Compliance
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NEWS: FATF wants aligned national AML standards to stop criminals ‘shopping’ for weak regimes

Violaine Clerc, FATF’s Executive Secretary. (Credit: European Central Bank)

By Paul O´Donoghue, Senior Correspondent Anti-money laundering standards must be consistent across different countries to ensure that bad actors don’t exploit ‘weak links’. That is according to the Financial Action Task Force (FATF), which said this approach is crucial to avoid “supervisory gaps”. Violaine Clerc, FATF’s Executive Secretary, said “effective coordination” across multiple jurisdictions “turns…

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