ABSTRACT

Combating Money Laundering and Other Forms of Illicit Finance: How Criminal Organizations Launder Money and Innovative Techniques for Fighting Them, Modernizing the United States' Anti-Money-Laundering Regime, Exploring How Criminal Organizations Launder Money and the Innovative Techniques That Are Available to Fight Them, Hearing Before the Subcommittee on National Security and International Trade and Finance of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Fifteenth Congress, Second Session, June 20, 2018   [open pdf - 1MB]

This is the June 20, 2018 hearing titled "Combating Money Laundering and Other Forms of Illicit Finance: How Criminal Organizations Launder Money and Innovative Techniques for Fighting Them" held before the Senate Subcommittee on National Security and International Trade and Finance. From the opening statement of Ben Sasse: "This is the third Banking Committee hearing on modernizing our Nation's outdated anti-money-laundering regime. Today we will explore how criminal organizations launder money and the innovative techniques that are available to fight them. [...] This discussion today will cover how to improve cooperation and coordination with law enforcement officials and how to incentivize and enable financial institutions to adopt innovative AML [anti-money laundering] techniques. This includes leveraging artificial intelligence and machine learning while still preserving strict AML rules targeting criminal activity." Statements, letters, and materials submitted for the record include those of the following: Dennis M. Lormel, Tracy S. Woodrow, and Chip Poncy.

Report Number:
S. Hrg. 115-405; Senate Hearing 115-405
Publisher:
Date:
2019
Copyright:
Public Domain
Retrieved From:
U.S. Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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