Can't Follow the Acronyms Without a Program
Earlier today, Felix Salmon was complaining that the White House's regulation white paper was a bit jargon-heavy for even his tastes. Sentences like "the United States will work to implement the updated ICRG peer review process and work with partners in the FATF to address jurisdictions not complying with international AML/CFT standards" don't make for easy reading.
Corporate lawyer Mike O'Sullivan, however, has done us all a service and published a glossary to the white paper. And it's actually better than that: O'Sullivan doesn't just define acronyms. He also explains their importance, and where they fit in the scheme of the paper. Nicely done.
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