Global terror financing watchdog – FATF has said that G20nationsmust start leading by example and act now to stop money laundering.
Financial Action Task Force president Marcus Pleyersaid,financial systemsofmany countriesare exposed to money laundering, terrorist financing and proliferation financing.
He said,eventhoughG20 publicly calls for the full implementation of Financial Action Task Force standards around the globe, not all G20 members have taken effective action to make a real difference.
Inanarticle titled 'Lead by Example', theFATF president said, failing to take action means organised criminals will indulge in trafficking people, drugs, arms and wildlife, and corrupt stakeholders and terrorists will operate with impunity.
Source: All India Radio