FATF Unveils New ‘Gray List’ Criteria, Easing Pressure on Poorer Countries

Tom Keatinge, director of the Royal United Services Institute in London, told moneylaundering.com that the latest revisions also reflect FATF’s intention to tailor evaluations to the varying levels of risk nations present. “However, it should be supplemented with the application of higher standards to the international financial centers that continue to facilitate global illicit flows,” Keatinge said.