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The EU and Financial Action Task Force differed sharply in their respective ratings of the quality of Iraq's controls against money laundering, terrorist financing and other forms of illicit finance, records obtained by ACAMS moneylaundering.com indicate. Mutual evaluation reports, or MERs, the end product of FATF's onsite assessment of both the technical quality and real-world impact of a jurisdiction's laws, regulations and other controls against financial crime, undergo significant vetting behind closed doors, especially by peer nations, prior to publication. But the official minutes of an Oct. 14 meeting of the EU's Expert Group on Money Laundering and Terrorist Financing,...