Menu
17/02/2012
Standards Announced For Money Laundering
A new set of standards aimed at combating money laundering, terrorist financing and the proliferation of "weapons of mass destruction" has been announced.
The Financial Action Task Force (FATF), said it had agreed a new set of standards and was highlighting the need for member countries to promote their implementation.
The FATF said its recommendations have been revised to provide governments with stronger tools to take action against financial crime and protect the integrity of the global financial system.
The recommendations were strengthened specifically in areas which are "high risk", including dealing with new threats, improving transparency and being tougher on corruption.
The Commercial Secretary to the Treasury, Lord Sassoon said:
“The UK welcomes the revised FATF standards. The integrity of the global financial system will now be better protected through strengthened measures to combat the global threat of money laundering, terrorist financing and of the proliferation of weapons of mass destruction.
"We are fully committed to implementing these new global standards and will work with international partners in FATF to encourage full and consistent adoption by all countries.”
(DW)
The Financial Action Task Force (FATF), said it had agreed a new set of standards and was highlighting the need for member countries to promote their implementation.
The FATF said its recommendations have been revised to provide governments with stronger tools to take action against financial crime and protect the integrity of the global financial system.
The recommendations were strengthened specifically in areas which are "high risk", including dealing with new threats, improving transparency and being tougher on corruption.
The Commercial Secretary to the Treasury, Lord Sassoon said:
“The UK welcomes the revised FATF standards. The integrity of the global financial system will now be better protected through strengthened measures to combat the global threat of money laundering, terrorist financing and of the proliferation of weapons of mass destruction.
"We are fully committed to implementing these new global standards and will work with international partners in FATF to encourage full and consistent adoption by all countries.”
(DW)
Related UK National News Stories
Click here for the latest headlines.
13 November 2014
SECTU Arrest Slough Man Over Financing Terrorism
Thames Valley Police have arrested a 27-year-old man on suspicion of financing overseas terrorist acts. Officers from the South East Counter Terrorism Unit (SECTU) made the arrest in Slough, in relation to conflicts abroad and stressed that it was not done in response to any immediate threat to public safety.
SECTU Arrest Slough Man Over Financing Terrorism
Thames Valley Police have arrested a 27-year-old man on suspicion of financing overseas terrorist acts. Officers from the South East Counter Terrorism Unit (SECTU) made the arrest in Slough, in relation to conflicts abroad and stressed that it was not done in response to any immediate threat to public safety.
01 August 2011
Early Measures Will Help SMEs Access Equity Financing
The Financial Secretary to the Treasury has announced that two deregulatory amendments to the EU Prospectus Directive have been brought into effect a year early by the UK to help small businesses access equity finance more cheaply and effectively.
Early Measures Will Help SMEs Access Equity Financing
The Financial Secretary to the Treasury has announced that two deregulatory amendments to the EU Prospectus Directive have been brought into effect a year early by the UK to help small businesses access equity finance more cheaply and effectively.
29 November 2011
UK Oysters Contain Winter Vomiting Bug
According to research published today by the Food Standards Agency a significant proportion (76%) of oysters tested from UK oyster growing beds contain norovirus, commonly known as the winter vomiting bug. The virus was detected at low levels in more than half of the positive samples (52%).
UK Oysters Contain Winter Vomiting Bug
According to research published today by the Food Standards Agency a significant proportion (76%) of oysters tested from UK oyster growing beds contain norovirus, commonly known as the winter vomiting bug. The virus was detected at low levels in more than half of the positive samples (52%).
26 June 2008
'Tikka' Risk With Curry
An average takeaway meal can contain a whole day's intake of saturated fat, a new report suggests. A survey by Which? magazine has revealed that an average portion of takeaway curry contains 23.2g of saturated fat, which is 3.2g more than a woman should eat in a day.
'Tikka' Risk With Curry
An average takeaway meal can contain a whole day's intake of saturated fat, a new report suggests. A survey by Which? magazine has revealed that an average portion of takeaway curry contains 23.2g of saturated fat, which is 3.2g more than a woman should eat in a day.
18 June 2007
NHS trusts 'failing to maintain hygiene standards'
A quarter of NHS trusts in England are failing to maintain standards of cleanliness, a report by the Healthcare Commission has revealed. The report asked trusts to self-declare how they measured up to government core standards on care.
NHS trusts 'failing to maintain hygiene standards'
A quarter of NHS trusts in England are failing to maintain standards of cleanliness, a report by the Healthcare Commission has revealed. The report asked trusts to self-declare how they measured up to government core standards on care.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
