US Treasury backs listing threats to financial system (Reuters)
WASHINGTON, Feb 19 (Reuters) – The U.S. Treasury Department on Friday said it endorsed a report from the international body fighting money laundering that blacklisted Iran, Angola, North Korea, Ecuador and Ethiopia for posing risks to the international financial system.
“The U.S. Treasury Department welcomes the Financial Action Task Force (FATF) report statements this week identifying countries with strategic deficiencies in the area of anti-money laundering and combating the financing of terrorism,” Treasury said.
RELATED:
- Click here for a diagram showing a typical money laundering scheme: http://people.exeter.ac.uk/watupman/undergrad/ron/money_laundering_scheme_big.jpg
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