NCJ Number
191329
Journal
Economic Perspectives Volume: 6 Issue: 2 Dated: May 2001 Pages: 15-18
Date Published
May 2001
Length
4 pages
Annotation
This article focused on the need for training of all agencies enlisted in the fight against money laundering and presented structured training and technical assistance programs sponsored by U.S. Federal agencies.
Abstract
To successfully fight money launderers, a country needs to have legal, financial, and law enforcement infrastructure in place. In addition, the training for all agencies involved in prevention of money laundering is important. This article presented those U.S. Government agencies that provide both training and technical assistance necessary in building institutions capable of a sustained approach in the fight against money laundering. The U.S. Department of State’s Bureau for International Narcotics and Law Enforcement Affairs (INL) has developed assistance programs combating global money laundering. The article provided a listing of Federal agencies providing anti-money laundering training and technical assistance through INL funds that included the Internal Revenue Service, the Treasury Department’s Secret Service and Office of Technical Assistance, U.S. Customs Service, the Department of Justice’s Overseas Prosecutor Development and Training Section, the Drug Enforcement Administration, the Federal Bureau of Investigation, and the Board of Governor’s of the Federal Reserve Systems. As part of the anti-money laundering program, INL also participates in and provides significant financial support for many of the anti-money laundering bodies around the globe offering multilateral assistance initiatives.