LIGNET: Global Banking Regulator Grows in Power

Wednesday, 13 Mar 2013 11:52 AM

By Newsmax Wires

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At its February 2013 meeting in Paris, the Financial Action Task Force announced that Turkey would not be “blacklisted” — a decision that reveals the increasing power of this little known organization that was formed to stop money laundering. Its growing stature is enhancing the West’s ability to defend itself against asymmetric threats.

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