The world’s top body for the fight against money laundering on Friday said it has found a “high level of technical compliance” with global standards in Luxembourg. The Financial Action Task Force, or FATF still recommended that the Grand Duchy strengthens its measures in certain complex areas, in line with its risk profile as a regional and global financial centre. "Luxembourg has a very good idea of what it needs to do," said FATF president T. Raja Kumar in response to a question by Investment Officer during a press conference in Paris.
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