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FATF: Expect Reports on Terrorist Asset Freezing, Risk-Based MSB Programs
By Larissa Bernardes
printAn anti-money laundering watchdog association will issue guidelines on how countries can best identify and freeze the assets of terror financiers, the organization said Monday. The Paris-based Financial Action Task Force, known as FATF, said during its plenary meeting last week that it will publish the report this week in an effort to force terrorist organizations to "use more costly and higher risk ways to finance their operations." The intergovernmental group held the three day meeting in Lyon, France. That FATF decided to dedicate its resources to the report shows that there is "a need to harmonize different kinds of...
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