Financial Action Task Force Clarifies Inclusion of Exchange Control Houses in its Regulations

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Saturday, July 1, 1995

Author:

Bruce Zagaris

Volume:

11

Issue:

7

256

Abstract:

On June 8, 1995, the Financial Action Task Force (F.A.T.F.) on Money Laundering released its sixth annual report on money laundering for 1994-95. The report contains news of the adoption of an Interpretative Note clarifying the application of anti-laundering measures to bureaux de change, a sector increasingly targeted by money launderers, and initiatives to strengthen its cooperation with international organizations, including the International Monetary Fund (IMF)...(more)