Laundering Typologies
U.S. Sentencing Commission Money Laundering Statistics (By District)
As with anti-money laundering legislation, regulations and new policy, so too forfeiture has been greatly impact with respect to the USA Patriot Act and other legislation, regulations and policies. Through the correspondent banking industry new legislation extends the jurisdiction and the forfeiture of funds in order to extend the arm of the law long enough to impact international money launderers. U.S. Courts have gained jurisdiction over foreign financial institutions with accounts in the U.S., record-keeping compliance has been mandated, and numerous other changes. The contents selected for this section are the legislation, regulations, policy and reports that will most benefit American bankers, financiers and lawyers and international bankers, financiers and lawyers in understanding the impact of forfeiture changes.
Forfeiture resulting from Failure to File CMIR
The Comprehensive Forfeiture Act of 1984
Civil Asset Forfeiture Reform Act of 2000
U.S. Treasury 2002 National Money Laundering Strategy
Treasury Forfeiture Fund (Fiscal Year 1994-2002)
Summary of International Asset Sharing (DOJ Transfers to Foreign Countries)
The topic of compliance was dramatically altered in light of September 11 terrorist acts and new legislation like the USA Patriot Act adopted shortly thereafter. From financial institutions to securities and exchange boards, compliance was altered by new laws, regulations and policies that aim at increasing compliance in economic areas to combat terrorism. Such compliance is even being pressed upon offshore financial centers (OFCs) like the Cayman Islands and others in order to help extend law enforcement’s economic reach against terror
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