In October, the Financial Action Task Force (‘FATF’) issued its guidance for the banking sector, which alongside its statement on derisking practices, sets an international agenda for the use of risk-based anti-money laundering and terrorist financing measures to build a more inclusive financial system. Rachpal Thind, a Partner at Sidley examines how firms will need to reassess current policies and procedures in light of the FATF’s new guidance.
E-Finance & Payments Law & Policy
Risk-based AML measures to support financial inclusion
December 2014
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