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For Immediate Release
December 1, 2016
ABA Media Contact: Blair Bernstein
(202) 663-5468
Follow us on Twitter: @ABABankers

ABA Statement on FATF’s U.S. Mutual Evaluation Report

By Rob Rowe, ABA vice president and associate chief counsel, regulatory compliance

​          “This report​ reaffirms the great work of the banking industry to combat money laundering and terrorist financing.

          “America’s banks have long been at the forefront of this fight and we will continue to do all we can to keep illicit funds out of the U.S. financial system.

         “While there is still work to be done in some sectors, FATF recognizes the good work in the U.S. banking sector. And, the report underscores ABA’s argument that government registries are needed for effective customer due diligence.”

The American Bankers Association is the voice of the nation’s $16 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $12 trillion in deposits and extend more than $9 trillion in loans.
 
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