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