British Virgin Islands, Bolivia Placed on Watchdog's ‘Gray List'
By and Sergio Mendoza
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The British Virgin Islands and Bolivia were added to a global financial watchdog's 'gray list' for shortcomings in combating illicit flows, a move that may hamper investor confidence and heighten bank scrutiny.
Tanzania, Mali and Croatia were removed from the same list, the Paris-based Financial Action Task Force said in a statement at the end of its joint plenary with the Council of Europe 's anti-money-laundering body Moneyval. Bloomberg News reported on the anticipated moves late last month.
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