An international financial crime watchdog has named and shamed countries that are failing to stop dirty money entering the financial system, a move welcomed by Global Witness. However, conspicuously absent are major financial centres and secrecy jurisdictions, many of which also have serious weaknesses in their anti-money laundering regulations.

The Financial Action Task Force (FATF), the intergovernmental group that sets the global anti-money laundering standard, has issued a list of countries which are failing to do enough to crack down on financial crime. The 28 countries include Iran, Greece and Turkey.

"This list is a welcome move by the FATF and will put significant pressure on the named countries to take money laundering seriously," said Anthea Lawson,…read more

Government officials meeting in Abu Dhabi next week will name and shame countries that are failing to crack down on financial crime. Those named may face political, as well as economic, pressure to strengthen their anti-money laundering laws. The list will be issued by the Financial Action Task Force…read more

A U.S senate subcommittee hearing this week will expose how foreign politicians have used the services of American lawyers, bankers, lobbyists and other professionals, to bring millions of suspect dollars into the country.  

Tomorrow the Senate Permanent Subcommittee on Investigations…read more