Luxembourg readies for anti-money laundering review after only hitting one of 40 indicators

Pedro Gonçalves
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Luxembourg readies for anti-money laundering review after only hitting one of 40 indicators

Luxembourg is set to undergo another anti-money laundering review by the Financial Action Task Force (FATF). Last time FATF found the Duchy to be fully compliant with only one out of 40 indicators. The FATF in 2010 gave Luxembourg an average score of three in its assessment, on a scale of one - being the best - to four. Out of 40 indicators, Luxembourg was fully compliant with only one and largely compliant with another nine. The task force found non-compliance in seven cases, while Luxemb...

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