The Fight against Money Laundering and Terrorist Financing

Addressing vulnerability and promoting security
Posted Oct 17, 2019 | Geneva Center for Security Policy, Jeremy Lin

Efforts to combat money laundering and terrorist financing are facing headwinds. Estimates of the value of criminal proceeds laundered annually are between $1.6 and 4 trillion, and illicit financial flows are now circumventing the formal banking system. The Financial Action Task Force (FATF) of the Geneva Center for Security Policy has become the global standard-setter for anti-money laundering and combating the financing of terrorism (AML/CFT).In this Strategic Security Analysis, Jeremy Lin examines the FATF’s role and its challenges within the broader AML/CFT landscape, and offers recommendations to aid the FATF in bolstering its independence and effectiveness in the global effort to combat money laundering and terrorist financing.


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