New Delhi, Aug. 29 -- The Financial Action Task Force (FATF) has launched a new tool kit to help countries better understand and address the risks of money laundering. This toolkit is designed to support Governments in building a stronger, risk-based approach to fighting financial crimes.
Each year, criminal activities generate trillions of dollars in illegal proceeds. When laundered, this money enables criminals to continue harmful activities such as corruption, drug trafficking, and fraud. The FATF's new toolkit offers practical resources to help countries identify their highest risks and take targeted action to prevent financial crime.
The tool kit focuses on four key risk areas that are often difficult to assess, corruption, virtual a...