From Global Regulation & Policy

The Financial Action Task Force – Yet Another French Farce

The Financial Action Task Force (FATF) was formed in 1989 with laudable objectives. It describes itself as the “global money laundering and terrorist financing watchdog”. It proceeds, therefore, on the serene assumption that to speak out against it and its methodology is to be against God, Motherhood and Apple Pie but in practice it is a hopelessly flawed organisation that has failed in its objectives and one that is increasingly driven by arbitrary prejudicial and purely political motivations of the EU. An objective analysis of the performance of the FATF over the past 30 years evidences systemic failure on an epic scale.

Private Foundations In The Com…