Luxembourg scores 'moderate' in half of FATF effectiveness ratings

The Financial Action Task Force (FATF) has demonstrated how it wants countries to focus as much on effectiveness as technical compliance, with its latest mutual evaluation report on Luxembourg requesting more AML action in high-risk sectors.

By Keith Nuthall

The Financial Action Task Force (FATF) has demonstrated how it wants countries to focus as much on effectiveness as technical compliance, with its latest mutual evaluation report on Luxembourg requesting more AML action in high-risk sectors. [1]