The Financial Action Task Force (FATF) has published a statement made by Bjorn Aamo, FATF President. Mr Aamo welcomed the European Commission’s proposed Fourth Money Laundering Directive (MLD4), which he considers is broadly consistent with the FATF’s February 2012 revised recommendations. He hopes MLD4 will be adopted in the near future. Mr Aamo also commented on the FATF’s fourth round of assessments of members’ compliance with its recommendations and advises that the assessments will be challenging and focus on high risk areas.

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