ABSTRACT

International Narcotics Control Strategy Report: Volume II - Money Laundering and Financial Crimes [March 2016]   [open pdf - 2MB]

"The Money Laundering and Financial Crimes section of the Department of State's International Narcotics Control Strategy Report (INCSR) has been prepared in accordance with section 489 of the Foreign Assistance Act (FAA) of 1961, as amended (the 'FAA,' 22 U.S.C. § 2291) [United States Code]. The 2016 INCSR is the 32nd annual report prepared pursuant to the FAA.1 The FAA requires a report on the extent to which each country or entity that received assistance under chapter 8 of Part I of the Foreign Assistance Act in the past two fiscal years has 'met the goals and objectives of the United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances' ('1988 UN Drug Convention') (FAA § 489(a)(1)(A)). Although the 1988 UN Drug Convention does not contain a list of goals and objectives, it does set forth a number of obligations the parties agree to undertake. Generally speaking, it requires the parties to take legal measures to outlaw and punish all forms of illicit drug production, trafficking, and drug money laundering; to control chemicals that can be used to process illicit drugs; and to cooperate in international efforts to these ends. The statute lists action by foreign countries on the following issues as relevant to evaluating performance under the 1988 UN Drug Convention: illicit cultivation, production, distribution, sale, transport and financing, money laundering, asset seizure, extradition, mutual legal assistance, law enforcement and transit cooperation, precursor chemical control, and demand reduction."

Report Number:
International Narcotics Control Strategy Report 2016 Volume II; INCSR 2016 vol.II
Publisher:
Date:
2016-03
Series:
Copyright:
Public Domain
Retrieved From:
U.S. Department of State: http://www.state.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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