Money laun­der­ing crack­down praised

Yorkshire Post - - NEWS -

Bri­tain’s ef­forts to tackle money laun­der­ing have been praised in a new re­port.

The Fi­nan­cial Ac­tion Task Force (FATF) said the UK had achieved a “high level of ef­fec­tive­ness” in the way it deals with is­sues such as com­bat­ing ter­ror­ist fi­nanc­ing.

FATF, an in­ter-gov­ern­men­tal body to which the UK be­longs, was es­tab­lished to set stan­dards to fight money laun­der­ing glob­ally.

The study was wel­comed by the Eco­nomic Sec­re­tary to the Trea­sury, John Glen.

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