News

Global Watchdog Group Set to Name Countries with Lax Terror Finance Rules

By Kira Zalan

A global anti-money laundering group is set to include at least a dozen countries on a new list of jurisdictions that don't meet minimum standards for controls against terror finance, according to a source with direct knowledge of the matter. In a public statement, the Paris-based Financial Action Task Force (FATF) said that most of the 194 jurisdictions it reviewed as part of a global survey commenced in February classify terrorist financing as a crime though some lack "adequate measures" to choke off funding sources. "FATF will take immediate and decisive action regarding those jurisdictions who are not able to...

TO READ THE FULL STORY