IBFed responds to the FATF Fourth Round of Mutual Evaluations paper -20/09/11

20 Sep 2011

IBFed has responded to the second public consultation from the Financial Action Task Force (FATF) on the Fourth Round of Mutual Evaluations.
While welcoming the FATF's collaboration with the private sector and the changes made since the first consultation paper, we set out thoughts in a number of areas. Including concerns relating to beneficial ownership, data protection, group-wide compliance programmes, wire transfers, targeted financial sanctions in the terrorist financing and proliferation financing contexts, the Financial Intelligence Unit  and international cooperation.

The IBFed letter is available here.