International Money Laundering Organization Issues U.S. Recommendations

The Financial Action Task Force (FATF), an inter-governmental body created to promote policies related to anti-money laundering and combating the financing of terrorism (AML/CFT), released a new report on the United States, which is one of 32 member countries pledging to implement FATF recommendations.  Last updated in 2006, the FATF report revealed improved and well developed AML/CFT measures by the U.S., especially by financial institutions subject to … Read More