Does Anti-Money-Laundering Work?

FATF Interview with the Wall Street Journal

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A recent independent report by the Center on Law and Globalization  found serious shortcomings in how the International Monetary Fund and the Financial Action Task Force have been policing money laundering. The report examined the recently concluded third round of assessments under the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) program. Rick McDonell, executive secretary of the Financial Action Task Force, addressed criticisms in an interview with Risk & Compliance Journal.

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