Transparency International downgrades the United States in its annual corruption index, the FDIC dings a California bank for anti-money laundering troubles and more, in this week's news roundup.
A report by an intergovernmental watchdog highlighting the anti-money laundering weaknesses of more than two dozen countries is prompting non-bank financial institutions to drop customers and avoid risky markets.
A counterterrorism financing bill under consideration by Pakistani lawmakers may do little to staunch money flows in the region that end up in the hands of terror groups, say analysts.
An international watchdog group said Friday that it will respond to Group of 20 calls for the reinstitution of a blacklist naming jurisdictions with weak anti-money laundering controls.
More than two-thirds of the 159 countries surveyed by Transparency International are perceived to have serious corruption problems, according to the Berlin-based organizations 2005 Corruption Perceptions Index released this week.
Compliance officers who risk-score countries for money laundering may want to take note of Transparency Internationals Corruption Perception Index, which rates 146 countries in perceived corruption.
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