International Narcotics Control Strategy Report: Volume II - Money Laundering and Financial Crimes [March 2005]   [open pdf - 4MB]

"The 2005 report on Money Laundering and Financial Crimes is a legislatively mandated section of the U.S. Department of States annual International Narcotics Control Strategy Report. This report on Money Laundering and Financial Crimes is based upon the contributions of numerous U.S. Government agencies and international sources. A principal contributor is the U.S. Treasury Departments Financial Crimes Enforcement Network (FinCEN), which, as a member of the international Egmont Group of Financial Intelligence Units, has unique strategic and tactical perspective on international anti-money laundering developments. The INCSR report, published in March 2005, covers the year January 1 to December 31, 2004 and is published in two volumes, the second of which covers money laundering and financial crimes. The report provides the factual basis for the designations contained in the Presidents report to Congress on the major drug-transit or major illicit drug producing countries initially set forth in section 591 of the Kenneth M. Ludden Foreign Operations, Export Financing, and Related Programs Appropriations Act, 2002 (P.L. 107-115), and now made permanent pursuant to section 706 of the Foreign Relations Authorization Act, Fiscal Year 2003 (P.L. 107-228). Section 706 of the FRAA requires that the President submit an annual report no later than September 15 identifying each country determined by the President to be a major drug-transit country or major illicit drug producing country. The President is also required in that report to identify any country on the majors list that has failed to adhere to international counternarcotics agreements and to take certain counternarcotics measures set forth in U.S. law."

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