News

Despite apparent money laundering risks in the securities sector, the number of related suspicious transaction reports filed by financial institutions remains "relatively low" worldwide, according an intergovernmental report released Monday. The securities market is particularly prone to criminal abuse because of the global nature of its transactions, which make tracing assets difficult, and the "array of ever-changing products," according to the report by the Paris-based Financial Action Task Force (FATF). The organization last reported on the securities market in a 2003 guidance paper. The number of suspicious transaction reports (STRs) annually filed worldwide does not match the industry's risk, FATF...