Can AML policies succeed in Colombia?

Anti asset and money laundering (AML) policies and instruments have been predicated as a principle weapon against organized crime and drug trafficking. AML has been deemed increasingly necessary as drug trafficking and other illegal economic activities and organized crime have grown in the world and have developed strong links with terrorist actions. Colombia has been an AML pioneer and has developed one of the worlds most sophisticated and comprehensive AML legislation. Colombia is signatory of the UN conventions and international arrangements that seek to combat drug trafficking and terrorism. The country has adopted the Financial Action Task Force (FATF) 40+9 recommendations against asset and money laundering and has been an active member of the South American Financial Action Task Force (GAFISUD), the Latin American Banking Federation (FELABAN), and the Andean Community, organizations that have facilitated the implementation of international AML guidelines and policies. Adapted from the source document.