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Incoming FATF President to Focus on Bank Secrecy, Economic Downturn
printEvaluating the effects of the global recession and bank secrecy laws on anti-money laundering efforts will be among the priorities of the new president of the Financial Action Task Force. The Paris-based intergovernmental group is set to transition its presidency from Brazilian to Dutch hands on June 30, according to a June 9 statement of intentions published ahead of the organization's plenary meeting. At that time, Paul Vlaaderen will replace Antonio Gustavo Rodrigues as FATF's president. The organization, which issues recommendations on anti-money laundering regulations, will publish a report on the impact of the economic downturn before a scheduled Group...
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