Nordic-Baltic countries engage the IMF on the region’s AML/CTF Risks

Nordic-Baltic countries engage the IMF on the region’s AML/CTF Risks

The Nordic-Baltic countries have requested the International Monetary Fund to analyze the most pertinent money laundering/terrorist financing (ML/TF) risks in the region.

 

The request is due to the ML/TF threats and vulnerabilities in the region given the interconnectedness of the financial systems and, in particular, the many cross-border banking networks and relationships.

 

It is hoped the engagement will allow for an opportunity for the IMF to independently analyze the ML/TF risks the Nordic-Baltic region faces, progress so far made to mitigate those risks, and to offer recommendations for the future.

 

The IMF will begin the review in January 2021 and is expected to report its findings in mid-2022. 

 

Further details are available here.

 

Photo Credit: Pixabay

 

 

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