Financial Action Task Force Adopts Revisions to 40 Recommendations; U.S. Noncompliance and Audits Could Prompt Legislative Action

John Morrissey
March 22, 2012 — 289 views  


On February 15, 2012, the Financial Action Task Force (FATF) adopted extensive revisions to its 40 Recommendations on Combating Money Laundering and the Financing of Terrorism. The approval culminates an extensive review process that began in June of 2009 and paves the way for a new 4th round of mutual evaluations to begin in 2013.
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