The lead author of the US’ anti-money laundering (AML) act of 2020, senator Sheldon Whitehouse, is urging the Financial Action Task Force (FATF) to strengthen its standards for countries to gather important data in the fight against money laundering.

The FATF is currently updating its international AML standards that are designed to coordinate a global response to the challenge of stemming financial flows attached to organised crime, terrorism and corruption.

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