By PAUL O’DONOGHUE, Senior Correspondent
THE Financial Action Task Force (FATF) is expected to add Bolivia and the British Virgin Islands (BVI) to its ‘grey list’ later this month.
The Paris-based body will hold a joint plenary with the Council of Europe’s anti-money laundering unit, Moneyval, from June 9 to 13. During the meeting in Strasbourg, the FATF is set to update the list, which flags jurisdictions with ‘weak’ anti-money laundering and counter-terrorist financing (AML/CFT) measures.
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