Financial Action Task Force Report Provides Additional Momentum

The most recent report of the Financial Action Task Force indicates that the organization is quickly becoming the most important intergovernmental organization for money laundering enforcement. The report clarifies that the organization is both broadening the scope of its work while trying to ensure compliance with existing programs, institutionalizing its requirements and work, and persuading additional countries to join and participate in its work. This article highlights the contents and implications for the future of money laundering enforcement efforts.