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FATF May Revise Counterproliferation Standards: Sources

By Valentina Pasquali

Financial Action Task Force delegates in a series of closed-door sessions beginning this weekend will consider recommending additional measures to choke off the flow of funds to illegal nuclear, chemical and biological weapons programs, say sources. The intergovernmental group's private discussions in Paris, which begin Saturday and conclude next Friday, will focus in part on whether its counterproliferation financing recommendation should be revised, or possibly supplemented, to better reflect recent U.N. resolutions concerning Iran and North Korea's efforts to develop weapons of mass destruction, two sources told ACAMS moneylaundering.com. "My understanding is that there will be some debate over whether...

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