Weekly Roundup: FATF Removes Five Nations from Worst Offenders’ List, Congress Agrees to Terms of Financial Reform, and More

The Paris-based Financial Action Task upgraded the compliance status Friday of five countries named in February for poor anti-money laundering regimes "that pose a risk to the international financial system." The five nations-Angola, Ecuador, Ethiopia, Pakistan and Turkmenistan-have all made a "high level political commitment" with the influential organization since FATF first issued the blacklist. The countries are now included in a separate, "gray list" of 25 jurisdictions working to improve AML controls, the organization said. With the changes, Iran, North Korea and S??o Tom?© and Pr?­ncipe are currently the only jurisdictions considered by FATF to have strategic AML deficiencies. More Kenya, one...