US CORPORATION LAWS LEAVE LOOPHOLES FOR MONEY LAUNDERERS
October 1st, 2010
BY EMMA JACKSON
THE US federal government is of course a key player in the fight against money laundering and terrorist financing, through its Financial Crimes Enforcement Network (FINCEN) Financial Intelligence Unit (FIU) and laws such as the Patriot Act and the Bank Secrecy Act.
But despite these efforts on a federal level, the US's anti-money laundering and combating the financing of terrorism (AML/CFT) efforts are impeded by less than helpful regulations and institutions on a state and regional level.
It is always helpful to recall in this instance that ...
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