THE Anti-Money Laundering Council (AMLC) vowed to address the three remaining “strategic deficiencies” in the government’s efforts to counter money laundering and counterterrorism financing by October this year for a possible exit from the Financial Action Task Force’s (FATF) “gray list” in 2025.
“We are hopeful that we will comply with all these action items by October of this year, meaning if we complete these action items by October this year, there’s a high probability of an on-site visit by early next year, which is January,” Matthew David, executive director of the AMLC Secretariat, told a budget hearing on Tuesday.
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