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International Watchdog May Issue Guidelines on Trade-Based Money Laundering
By Matt Squire
printThe Financial Action Task Force, the global anti-money laundering watchdog, may issue a formal recommendation on standards to minimize the use of international trade to help launder money and finance terrorism, a person familiar with the organization says. FATF, which has issued 40 recommendations for combating money laundering and nine measures for stopping terrorist financing, is scheduled to discuss trade-based money laundering during its annual meeting October 8-12 in Paris. "[FATF] will be discussing trade-based money laundering, but there is no decision about another recommendation yet," FATF spokeswoman Helen Fisher said. Countries with FATF membership are periodically evaluated by the...
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