United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1996-05-24 monographic deposited born digital 69 p. GA 1.13:GGD-96-105 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-96-105 P0b002ee180383314 f:gg96105 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GGD-96-105 machine generated eng fdlp REPORT GAOREPORTS-GGD-96-105 GGD-96-105 Money laundering Law enforcement agencies Crimes or offenses Financial institutions Foreign governments International cooperation International agreements Reporting requirements Banking regulation Treasury Financial Crimes Enforcement Network Australia United Kingdom Austria Belgium Singapore Canada Denmark Finland Spain France Germany Greece Sweden Hong Kong Iceland Ireland Switzerland Italy Japan Luxembourg Turkey New Zealand Norway Portugal Letter Report GGD GAO provided information on U.S. efforts to combat international money laundering, focusing on: (1) U.S. money-laundering controls; (2) how U.S. law enforcement agencies coordinate their anti-money-laundering activities with European officials; and (3) U.S. participation in international money-laundering agreements.<p/>GAO noted that: (1) the United States relies on financial institutions to report suspect transactions to regulatory and law enforcement authorities; (2) some financial institutions rely on a "know your customer" policy to identify suspected money launderers; (3) European countries model their anti-money-laundering activities after 1991 European Union directives and U.S. financial institutions; (4) European countries require their financial institutions to record but not report large currency transactions; (5) European law enforcement officials believe that the United States should establish a single liaison office to coordinate money-laundering cases; (6) the United States participates in bilateral and multilateral agreements to establish global anti-money-laundering policies, enhance cooperation, and facilitate the exchange of information; (7) U.S. multilateral efforts are coordinated through the Financial Action Task Force, which encourages both member and nonmember countries to adopt money-laundering legislation and controls; and (8) the United States has entered into several bilateral agreements to facilitate the flow of information concerning criminal matters. https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-96-105/html/GAOREPORTS-GGD-96-105.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-96-105/pdf/GAOREPORTS-GGD-96-105.pdf GAO/GGD-96-105 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-96-105 Letter Report GAO/GGD-96-105; Money Laundering: A Framework for Understanding U.S. Efforts Overseas; Money laundering Law enforcement agencies Crimes or offenses Financial institutions Foreign governments International cooperation International agreements Reporting requirements Banking regulation Treasury Financial Crimes Enforcement Network Australia United Kingdom Austria Belgium Singapore Canada Denmark Finland Spain France Germany Greece Sweden Hong Kong Iceland Ireland Switzerland Italy Japan Luxembourg Turkey New Zealand Norway Portugal Public Law 91-508 Public Law 99-508 Public Law 99-570 Public Law 102-550 Public Law 102-583 Public Law 103-325