tax & jurisdiction
The FATF is designing a global system to freeze and confiscate the assets of terrorists. At the same time, the organisation is taking steps to ensure comprehensive measures to combat money laundering and terrorist financing are implemented worldwide. The plan is that the confiscation mechanism will act as a blueprint to countries that are currently implementing such measures. It will provide a framework of measures for combating terrorist financing in conjunction with the FATF's new best practice guidance relating to informal money transfer systems. Also, in a joint venture between the ...
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