Although it is surely correct to conclude that an excess of money relative to output is the fundamental source of inflation, what specifically constitutes money is a notion that has, so far, eluded our analysis. We cope with this uncertainty by ensuring that money growth, by any reasonable definition, does not reach outside the limits of perceived prudence.
We note that the foundation of AML/CFT rest with regulator /supervisors and their pro‐activeness promotes functional capacity of FIU, law enforcement agencies and nation in totality. 14. We have a common view and commitment that FIUs must retain sufficient independence to accomplish the key role on AML/CFT.