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FATF to Disclose New Efficacy Grade at Plenary Meeting: Source
By Brian Monroe
printThe Financial Action Task Force is set to implement a two-tiered grading system for future mutual evaluations as part of an effort to better score the efficacy of anti-money laundering regimes. The Paris-based intergovernmental group, known as FATF, disclosed plans in October to revise the way it assesses how nations fight money laundering and terrorist financing, following a July 2011 report by the International Monetary Fund that found that the organization's mutual evaluations did not accurately reflect the effectiveness of those efforts. In a plenary meeting later this month, FATF will detail how its examiners will determine a new efficacy...
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