These amendments, intended to give more teeth to the Anti Money Laundering legislation, are as follows: •  the addition of more predicate crimes such as trafficking in persons, bribery, counterfeiting, frauds and other illegal exactions, malversation, forgery, environmental crimes and terrorism and its financing;  •  the inclusion of an appropriate regime for designated non-financial businesses and professionals, such as casinos, real estate agents, dealers in precious metals and stones, lawyers, and accountants;  •  provision for a system of incentives and rewards; and  •  retention by the AMLC of a percentage of civilly forfeited funds.
It is not clear to us at this point if it is noise in the data—loud noise, to be sure, but noise—or a fundamental decline in inflation. However, it is clear to us that we have to continue to strive and raise the inflation rate toward the midpoint of the target range. Second, the risks have intensified.