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FATF to Score the Efficacy of AML Regimes in Next Round of Evaluations
By Brian Monroe
printAn intergovernmental group that evaluates how countries fight money laundering and terrorist financing will change how it grades compliance with its standards beginning next year, say individuals familiar with discussions. The Paris-based Financial Action Task Force (FATF), which recommends anti-money laundering (AML) and counterterrorism financing standards, will begin assessing its members based on a two-tiered score, with separate grades for technical compliance to its 40 recommendations and how effectively nations fight the crimes, said an individual who has participated in high-level discussions. "The mutual evaluation would have a comprehensive review of technical compliance and then overlay the findings for effectiveness,"...
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