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.
Scant, uneven efforts by U.S. state authorities to identify the individuals who own or control companies formed within their jurisdictions hobble federal efforts to investigate and prosecute money launderers, an intergovernmental group recently concluded.
The Financial Action Task Force will work in the coming year to help nations struggling to adjust to its revised evaluation methodology, the intergovernmental group's new president said Wednesday.