ABSTRACT

International Narcotics Control Strategy Report, Volume II: Money Laundering [March 2022]   [open pdf - 1MB]

From the Overview: "Despite COVID-19's [coronavirus disease 2019's] continued disruption of governments and commercial activity around the globe in 2021, money laundering remains a serious global threat. Its impact is considerable: it contributes to the breakdown of the rule of law; corruption of public officials; destabilization of economies; and threatens political stability, democracy, and free markets around the globe. Increasingly sophisticated criminal organizations, terrorists, kleptocrats, and other illicit actors continue to seek out the weak links in global anti-money laundering/combating the financing of terrorism (AML/CFT) countermeasures. The 2022 edition of the Congressionally mandated 'International Narcotics Control Strategy Report, Volume II: Money Laundering' focuses specifically on the threat of narcotics-related money laundering. The report reviews the AML legal and institutional infrastructure of jurisdictions and highlights the most significant steps each has taken to improve its AML regime. It also describes key vulnerabilities and deficiencies of these regimes, identifies each jurisdiction's capacity to cooperate in international investigations, and highlights the U.S. provision of AML-related technical assistance."

Publisher:
Date:
2022-03
Series:
Copyright:
Public Domain
Retrieved From:
U.S. Department of State: https://www.state.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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