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Different Interpretations of FATF Standards Hamper AML Efforts: Report
By Brian Monroe
printDivergences in international lists of predicate offenses to money laundering have hampered the fight against financial criminals, according to a report by the Australian government. Among the anti-money laundering (AML) regulations of nine nations studied by the Australian Institute of Criminology, "vast differences" in the types of crimes linked to money laundering have created barriers to intergovernmental data sharing, the organization said. The distinctions confound international efforts to make use of mutual legal assistance treaties (MLATs) and extradite suspects, the institute said in the report, released Friday. The institute compared in a report how Australia, Belgium, France, Germany, Hong Kong,...
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