FATF CONSIDERS HOW TO IMPROVE EFFECTIVENESS WITHIN AML/CFT – BUT IS AML/CFT EFFECTIVE, PER SE?
November 2nd, 2021
While FATF’s mutual evaluation reports continue to show growing compliance with the organisation’s recommendations, concerns remain that the global AML/CFT system continues to fail in either preventing ML and TF or detecting and punishing such crimes after they are committed.
With FATF undertaking a strategic review since 2018, launched by the former China presidency and continued by the German presidency under Dr Marcus Pleyer, change in how the world fights ML and TF may emerge. But the resignation of FATF executive director David Lewis in October means ...
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