Amid the mostly positive results outlined in its pending report on the United Kingdom, the Financial Action Task Force, or FATF, has also singled the country out for considerable criticism, especially for its "deliberate" choice to sideline its financial intelligence unit, UKFIU.
The United Kingdom has the most effective controls against money laundering and other financial crime out of 60 countries assessed by an intergovernmental group since 2013, according to an advanced copy of a report obtained by ACAMS moneylaundering.com.
Julius Baer reviews hundreds of accounts linked to Venezuelan money laundering, HSBC teller disrupts massive corruption scheme in Angola, and more, in the midweek roundup.