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In Latin America, Economic Growth Has Been Faster than Institutional, Says AML Researcher
printLatin America's economic growth has outpaced its development of institutions tasked with fighting financial crime, according to Monica Arruda de Almeida, an adjunct assistant professor for the Center for Latin American Studies at Georgetown University who researches transnational regulation. In some nations, officials have the training and resources to enforce anti-money laundering (AML) rules but not the interagency cooperation needed to properly do so, she said. The problem persists despite the fact that the Paris-based Financial Action Task Force (FATF) has begun grading how effectively countries guard against financial crooks. A former faculty fellow at the University of California in...
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