02 Dec 2016
U.S. anti-money laundering regulations are well-developed, and domestic coordination to prevent money laundering and terrorist financing is sophisticated and has improved over the past 10 years, according to a Financial Action Task Force (FATF) evaluation issued Thursday.
The FATF is an independent intergovernmental body that promotes policies to protect the global financial system against money laundering and terrorist financing.
In the first evaluation of the U.S. regulatory system undertaken by the FATF since 2006, the report states that the U.S. regulatory framework has made “significant progress” since the previous assessment and states that the United States effectively investigates and prosecutes money laundering and terrorist financing.
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