Central banks rarely lead AML/CFT efforts

Most institutions do not want more AML/CFT powers

Just 10% (three out of 30) of central banks are likely to be the lead agencies for anti-money laundering and countering the financing of terrorism (AML/CFT) efforts in their jurisdictions, according to the Financial Stability Benchmarks 2022.

Despite this, 86.2% (25 out of 29) of responding central banks said they have sufficient powers to deal with AML/CFT in their jurisdiction.

The trend is broadly common in all the geographical zones covering in the sample, namely Africa, the Americas, Asia

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