Combating Transnational Organized Crime: International Money Laundering as a Threat to Our Financial Systems, Hearing Before the Subcommittee on Crime, Terrorism, and Homeland Security of the Committee on the Judiciary, House of Representatives, One Hundred Twelfth Congress, Second Session, February 8, 2012   [open pdf - 754KB]

From the opening statement of F. James Sensenbrenner, Jr.: "Today's hearing examines the subject of transnational organized crime [TOC], specifically how international money laundering is a threat to our financial and banking systems. As a part of its overall national security strategy, the Administration has proposed a strategy to combat transnational organized crime. TOC is organized crime coordinated across national borders for the purpose of attaining power, influence, or financial gain, wholly or in part by illegal means. These criminal networks protect their activities through a pattern of corruption and violence, while exploiting transnational commerce. The networks can take many forms, such as cells, clans, or cartels, and may involve into other criminal structures. Although the crimes they commit vary, these criminal organizations share the similar primary goal of financial gain, and they use similar methods to achieve their profits. The use of violence to intimidate or threaten, the exploitation of differences between countries, and the influence of government, politics, and commerce through corrupt and legitimate means." Statements, letters, and materials submitted for the record include those of the following: F. James Sensenbrenner, Jr., Robert C. Scott, Jennifer Shasky Calvery, Luke A. Bronin, and David B. Smith.

Report Number:
Serial No. 112-86
Public Domain
Retrieved From:
Government Printing Office, Federal Digital System: http://www.gpo.gov/fdsys/
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