WE NEED TO THINK LONG AND HARD ABOUT BETTER AML SUPERVISION, SAYS FATF EXECUTIVE SECRETARY

On 25th October, KYC 360 carried a report on its own interview published as a podcast the previous day with David Lewis.  He had noted that approximately 75% of the countries evaluated in recent years by FATF and its regional affiliates have fallen short on supervisory effectiveness and, in such cases, FATF had found that nations either needed to make “fundamental or substantial” improvements to their supervision.  He also raised the possibility that FATF could adjust the timetable on when member-states are evaluated for AML/CFT compliance. 

https://www.riskscreen.com/kyc360/news/we-need-to-think-long-and-hard-about-better-aml-supervision-fatf-exec-secretary/

The podcast is available at –

https://www.riskscreen.com/kyc360/amltalkshow/

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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