According to Bloomberg, the new chair of the FATF, the global anti-money laundering and counter-terrorist financing watchdog, said that member countries and high-income countries will be subject to higher standards of scrutiny. She pointed out that this change is aimed at reducing the harsh treatment of emerging market countries.
De Anda expects the new criteria to halve the number of least developed countries on the grey list and stressed the importance of international cooperation, especially alignment with the EU’s illicit finance blacklist.
On the policy front, De Anda stressed the importance of reforming citizenship investment programs, beneficial ownership, asset recovery and virtual assets. She hopes to close loopholes in these areas.
