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Financial Crime News

Week ending 22 October 2020

15 October 2020: The Financial Action Task Force (FATF) has published a speech by its president, Marcus Pleyer, at the 14 October 2020 meeting of G20 finance ministers and central bank governors. The G20 has also expressed its support for FATF’s work to address money laundering (ML) and terrorist financing (TF) risks arising from the coronavirus (COVID-19) pandemic, and from stablecoins.

16 October 2020: The Treasury Committee chair, Mel Stride MP, has written to the Financial Conduct Authority (FCA) and the National Crime Agency (NCA) asking for an update on their review of the evidence of the Bank Signature Forgery Campaign, which alleges potential criminal activity occurred at banks whereby home repossessions and other such documents were not being signed by the authorised signatory.

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