The United States is a founding member of the Financial Action Task Force (FATF),1 an international organization of regulators that develops recommendations on anti-money laundering (AML) and anti-terrorism financing (CFT). The FATF regularly evaluates member countries to determine their compliance with their AML and CFT laws and the FATF 40 recommendations on AML/CFT issues.
The FATF recently issued its latest evaluation of the United States’ compliance with the FATF Recommendations; the last evaluation was in 2006.2 This month’s column will focus on a few of the FATF evaluation team’s significant findings and recommendations for improvement.
