You Can’t Legislate Your Way Off the FATF Grey List
Brief
How Investigative Capabilities Help Countries Strengthen AML/CFT Effectiveness and Move Off the FATF Grey List
TL;DR
- The Financial Action Task Force (FATF) measures outcomes such as investigations, prosecutions and asset recovery. These outcomes depend on the operational ability of financial intelligence units, law enforcement and regulators to detect, investigate and disrupt illicit financial activity.
- Modern investigative technology strengthens that ability by connecting financial transactions, accounts, people and companies to reveal the hidden networks behind financial activity. Investment in these capabilities is one of the clearest ways a government can show real commitment to fighting financial crime.