MONEY LAUNDERING, USA MUTUAL FUNDS, CREDIT UNIONS, PRIVATE BANKS
October 1st, 2005
BY ALAN OSBORNSTANDFIRSTAMERICA'S post 9/11 AML legislation does not only affect the formal banking sector, it controls other savings and investment institutions too, and in different ways. Alan Osborn reports.MUTUAL FUNDSALTHOUGH there have been some complaints, by and large America's mutual funds have accepted with reasonable grace the anti money laundering legislation brought in by the US government since the September 11 attacks. Now, however, they could have another battle on their hands. This time the driving force for potentially tougher legislation is ...
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