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FATF Appoints New President, Cites Need for Improvement in Russia and Hong Kong
printAn intergovernmental watchdog that advises nations on how to protect against money laundering and terrorist financing has appointed the head of Brazil's financial intelligence unit as its president. Antonio Gustavo Rodrigues, the former head of South American bank advisory group GAFISUD, took over the one-year presidency of the Paris-based Financial Action Task Force (FATF) on Tuesday. The position was last held by James Sassoon, formerly a member of the United Kingdom's Treasury Board. The turnover of the presidency coincides with a spate of papers issued at the end of the U.K.'s tenure as the head of the influential agency. On...
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