Financial Crime Financial Crime

US effectiveness in money laundering fight grows as it works to meet global standards, former Treasury official says

By Robert Thomason
  • 29 May 2020 16:48
  • 29 May 2020 17:15
The US has become more effective in its anti-money laundering regulation since the Financial Action Task Force's 2016 evaluation, said a past US delegate to the Financial Action Task Force. 
A customer due-diligence rule imposed on banks helped move the US closer to complying with international standards, said Chip Poncy,

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