The FATF has issued new guidance for regulators and firms
The assets may not fall under the jurisdiction of traditional securities regulators
Certain non-profits, such as charities, non-profits tmay be particularly vulnerable to money laundering abuse
David Lewis takes over as the global organization continues to face the rapidly changing threats from money laundering and terrorist financing
Report highlights Canada’s significant progress in addressing compliance deficiencies
Financial Action Task Force concerned about Iran’s failure to address terrorist financing
New recommendations will create an environment that is hostile to money laundering and terrorist financing
Revisions will provide authorities with a stronger framework to act against criminals and address new threats to the international financial system
Proposed changes would increase compliance with Financial Action Task Force standards
Terrorist financing methods have changed since standards were last revised in 2003