Tool launched to reduce “unintended consequences” of anti-money laundering rules


September 12 2018

The Asian Development Bank (ADB) has launched a tool devised to “move the needle” on the effects of anti-money laundering (AML) rules in trade finance.

The Trade Finance Scorecard is designed to help mitigate some of the unintended consequences of regulators’ crackdown on money laundering in trade.

The diagnostic tool gives an industry-wide rating of between one and 10 to assess how a range of “elements of effective regulation” are being deployed to deal with money laundering.