An intergovernmental watchdog group published its first national evaluation under a revised scoring system Friday, giving Spain high marks for its efforts to stop money launderers and terrorist financiers. In the first mutual evaluation to be published since revising its anti-money laundering and counterterrorist financing standards in February 2012, the Financial Action Task Force (FATF) deemed Spain compliant or largely compliant with all but three of its 40 recommendations. The Paris-based organization also disclosed for the first time an "effectiveness" grade for a national compliance regime, scoring the European nation's efforts as having "substantial" effect in seven of the group's...
An intergovernmental group that sets compliance standards will soon evaluate the counterterrorist laws of dozens of nations in light of turmoil in Iraq and Syria and recent attacks in Europe.
A global anti-money laundering watchdog is set to criticize a pair of European countries for failing to require banks to identify parties that send or receive wire transactions, a U.S. official said Tuesday.
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