Weekly Roundup: Argentina Moves to Avoid FATF Blacklisting, Nigeria May Drop Case Against Cheney, and More

Confronted with the possibility of becoming the first G-20 country to be blacklisted by the Paris-based Financial Action Task Force (FATF), Argentina said Friday that it will submit an action plan to the intergovernmental group on how it plans to improve its anti-money laundering (AML) regime, the Buenos Aires Herald reported. The action plan comes in response to an October FATF mutual evaluation that cited 962 weaknesses in Argentina's AML regime, including too few money laundering prosecutions, incoherent oversight of financial institutions and a lack of counterterrorist financing controls. More The intergovernmental agency also warned financial institutions this week of...