Anti-Financial Crime & Financial Crime Compliance
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Financial Services, North America, US

ANALYSIS: Wolfsberg Group of banks tells FinCEN ‘define’ its AML demands to streamline the US’s battle against dirty money

By AML Intelligence Correspondents

A LACK of definition of the United States’s battle against “dirty money” is clouding how lenders and law enforcement can tackle money launderers, a leading group of banks says.

The Wolfsberg Group of banks has written to financial supervisor FinCEN, recommending how it can update and clarify the US’s fight against financial crime.

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