New anti-money laundering recommendations 'will prompt weaker countries to clean up corruption'
Tax crimes to be punished by same laws as AML
The Financial Action Task Force (FATF)'s updated recommendations on anti-money laundering (AML) policies will encourage weaker jurisdictions to tighten their AML laws, especially where tax crime is concerned, according to a financial crime expert.
The Paris-based inter-governmental body published its revised recommendations on February 16, after consulting with governments, the private sector and civil society for more than two years.
The new recommendations make tax crime a predicate to money
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