Periodic Essay
Implementation of anti-money laundering standards in Asia
Abstract: Global money laundering and terrorist financing activities impose significant costs on the world economy by damaging the effective operations of national economies. In response to the challenges posed by these activities, Asian governments and regulators have strengthened their anti-money laundering (AML) and combating the financing of terrorism (CFT) regimes by adopting standards set by the Financial Action Task Force (FATF), an intergovernmental agency that develops and promotes policies to combat AML/CFT.
Authors
Bibliographic Information
Provider: Federal Reserve Bank of San Francisco
Part of Series: Asia Focus
Publication Date: 2012
Issue: Nov
Order Number: 4