US Money Laundering Controls: Current Regulatory Activity.
Mondaq Business Briefing › Nbr. 2002, June 2002
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US Money Laundering Controls: Current Regulatory Activity.
This article was written by lawyers from Freshfields Bruckhaus Deringer
With the USA Patriot Act of October 26, 2001, the US Congress made sweeping changes to US money laundering controls. The legislation addresses new dangers such as terrorist financing, imposes far-reaching additional compliance obligations on banks, and imposes compliance obligations on other industries for the first time. The US Treasury Department has recently issued some of the most extensive regulations called for by the Act, and others are due by July 2002. In enforcement developments, the US Treasury De...See the full content of this document
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