The ministers of the Financial Actional Task Force (FATF) at their biennial meeting in Washington last week said they “note with concern” that effectiveness of measures in place to fight money laundering, terrorist financing, and proliferation financing, remains insufficient in many countries.

They committed to take swift and decisive action through the FATF mutual evaluation process to improve the effectiveness of measures to fight these risks and sharpen the focus on more recently recognised threats associated with ethnically or racially motivated terrorism, environmental crime and migrant smuggling.

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