PARIS — A global anti-money laundering watchdog said Thursday that it was modifying its review criteria to focus on countries that pose greater risk to the international financial system.
The Financial Action Task Force , a Paris-based organization that reviews efforts by more than 200 countries and jurisdictions to prevent money laundering and terrorism financing, compiles a 'grey list' of nations that are subject to increased monitoring of financial transactions.
Specifically, jurisdictions will be prioritized for active review if they meet referral criteria and are: an FATF member; a country on the World Bank high-income countries list ; or a country that has financial sector assets above $10 billion in broad money terms.
Modifies Criteria To Focus On Risky Nations
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
President Macron: ‘Emily in Paris’ must return to…ParisAfter the show's 4th season sees Emily move from Paris to Rome, French President Emmanuel Macron says 'he will fight' to ensure she returns to the French capital
Read more »
Let ‘Emily in Paris’ remain in Paris, Macron saysLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
2 new teams take spotlight as UCAL Season 7 fires off ThursdayThe Universities and Colleges Athletic League-PG Flex Linoleum officially starts its seventh season on Thursday, Oct. 17, by welcoming two more schools to its growing family which is a testament to its new-found popularity.
Read more »
Verdict due Thursday for world’s longest-serving death row inmateDefining the News
Read more »
US forecasts severe solar storm starting ThursdayLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Paris Fashion Week starts amid musical chairs talkDefining the News
Read more »