G-7 Plans Stronger Cyber Protection, Dirty Money Cleanup

Law360, London (May 14, 2017, 1:27 PM BST) -- The Group of Seven leading industrial nations with democratric governments have pledged to strengthen their fight against cybercrime and redouble efforts to stamp out money-laundering, according to a post-meeting communique issued Saturday.

Central bank governors and finance ministers from the U.S., Britain, Canada, Japan, France, Germany and Italy met in the Italian city of Bari to discuss using tools available to boost economic growth and strengthen defenses against financial crime, in addition to other pledges on trade and tax.

The cybercrime issue was brought into sharp focus during their meetings by the ongoing cyberattack affecting major institutions in more than 100 countries...

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