Banks around the world may feel increased pressure from national regulators to have strong policies in place to know their customers and to police transactions, as the international body that sets anti-money laundering standards prepares to probe the effectiveness of member countries' efforts. National regulators are worried over what they say is a lack of clarity regarding the effectiveness evaluations, and how the results could affect the reputation of and investment in countries whose measures are deemed deficient. The concerns were voiced last week at a conference of the Florida International Bankers Association, a key anti-money laundering forum. "Everyone is scared to death, I want to be very clear about this. The U.S. is scared, all the G8 countries are scared, in terms of this effectiveness measure. We set the bar very high for all of us," Sarah Runge, a Treasury Department official who heads the U.S. delegation to FATF. The Financial Action Task Force has traditionally
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