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FATF Targets Finances of Online Child Sexual Abuse

Koos Couvée
London Bureau Chief

Deeper scrutiny of small, outbound payments from Western countries to parties in Southeast Asia can lead to the identification of criminals who sexually abuse children online and help law enforcement rescue their victims, the Financial Action Task Force advised Thursday. In a 52-page report on the financial dimension of online child sexual exploitation, FATF called on governments and financial institutions alike to make financial intelligence a cornerstone of international efforts to bring perpetrators to justice, and shield an estimated 300 million vulnerable children from devastating and sustained abuse. "The role of financial intelligence in stopping this crime is fundamental," FATF...

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