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Banks in Estonia have not yet plugged all the gaps in their money laundering controls, the Baltic state's regulator told Reuters, pledging to maintain a clampdown in the country at the center of one of Europe's biggest financial scandals.

On June 16, the global watchdog that sets standards for anti-money laundering and combating the financing of terrorism (AML/CFT) will conveneat its plenary in Orlando and decide whether Iran has met the global body's requirements. That organization is the Financial Action Task Force, known as FATF, which is comprised of 36 member countries.

Corruption impedes equitable development, destabilizes societies, and undermines the institutions and values of democracy. It is viewed by many as one of the world's greatest problems. According to a Gallup poll, a majority of people even place its negative impacts ahead of global problems like climate change, poverty and terrorism.