
Money Launderers Target E-Banking
ELECTRONIC BANKING
PARIS -- Online banking is now a target for money laundering, and countries and banks must update their approaches to fighting it, say officials at The Financial Action Task Force on Money Laundering (FATF).
Patrick Moulette, head of FATF's Paris-based secretariat, says use of the internet and electronic banking for handling money from criminal and corrupt sources is a major issue.
The 29-nation FATF largely comprises the leading Western economies of the Organisation of Economic Co-operation and
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