G20 must lead by example, act now to stop money laundering: FATF

The Financial Action Task Force (FATF) has said that the G20 "must start leading by example and act now to stop money laundering". "G20 members must root out criminality by tracing illegal profits," FATF President Marcus Pleyer wrote in an article. Failing to take action means organised criminals, corrupt stakeholders and terrorists can operate with impunity, he added.