19 September 2001
U.S. Money Laundering Strategy Targets Large-Scale Operations
(Treasury also requires law enforcers to measure results) (260)
Washington -- Disrupting and dismantling large-scale money laundering
organizations and prosecuting money launderers to the fullest extent
of the law is the U.S. goal, according to a newly released strategy
report.
The 2001 National Money Laundering Strategy, released September 18 by
the Treasury Department, "concentrates law enforcement's resources in
high intensity financial crime areas and provides for the structure,
training and supervision of specialized money laundering task forces,"
according to the forward in the report signed by Treasury Secretary
Paul O'Neill and Attorney General John Ashcroft. The strategy was
developed by Treasury in consultation with Justice.
The strategy mandates continued U.S. cooperation at the international
level. It also requires creation of a uniform system to measure law
enforcement efforts against money laundering.
"We will target and attack large-scale criminal enterprises,
professional money launderers, and their high-tech global schemes, and
we will bring accountability to law enforcement through measured
evaluation," according to the 90-page strategy document.
Money laundering has still not become a primary focus for criminal
investigation, according to the report. "Our efforts must ensure that
money laundering is not simply a 'tag-along' count added to an
indictment," the document states.
Money laundering is viewed as facilitating bribery, corruption and
terrorism.
The 2001 National Money Laundering Strategy is available online at:
http://www.treas.gov/press/releases/docs/ml2001.pdf
(The Washington File is a product of the Office of International
Information Programs, U.S. Department of State. Website:
http://usinfo.state.gov)
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