08/09/21

From Global Regulation & Policy

Why FATF’s Workstream On ‘Unintended Consequences’ Matters To IFCs

Combatting financial crime and global illicit financial flows (IFFs) are priorities for all States, and not just those of Global North. However, there is growing recognition that misapplied global rules aiming to stop these practices are having unintended consequences, particularly for the financial inclusion and development prospects of the world’s most disadvantaged jurisdictions and peoples.

Hong Kong Hops On The ILS Band…