Nations tend to respond to illegal logging and other environmental crimes with less urgency than corruption, drug smuggling and human trafficking, but from a financial perspective, the stakes are "in the same order of magnitude," the Financial Action Task Force found Monday.
The Financial Action Task Force added Cayman Islands to a list of jurisdictions that require enhanced supervision Thursday after finding that the offshore financial center disregarded a warning more than two year ago to address major gaps in its anti-money laundering regime.
An intergovernmental group on Friday formally tasked nations with assessing their exposure to the finances behind weapons of mass destruction, and voted to keep Pakistan under enhanced monitoring after the country stopped short of fully reforming its rules against financial crime.
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