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FATF Finalises Information Sharing Guidelines

Global financial crime watchdogs have attempted to address legal barriers to private sector information sharing for anti-money laundering (AML) purposes, producing clarifications specific to money transfer companies.

The Financial Action Task Force (FATF) published the final guidance last week for firms sharing information on potentially suspicious activity, particularly between those located in different jurisdictions where conflicting regulatory regimes act as a barrier to collaboration.

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