Critics of an influential organization that sets international standards on anti-money laundering and counterterrorism financing compliance are questioning whether it evaluates its members fairly.
The U.S. Treasury Department is asking the Financial Action Task Force to strengthen three of its standards on money laundering and terrorist financing investigations, an official said Tuesday.
An intergovernmental group said Wednesday that it was considering asking countries to make tax evasion a predicate crime of money laundering and to issue tougher AML standards on political figures.
An intergovernmental group Friday added seven countries to its lists of jurisdictions that have failed to follow through on plans to clamp down on money laundering.
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