U.S. Senators Dianne Feinstein (D-Calif.) and Chuck Grassley (R-Iowa), co-chairs of the Senate Caucus on International Narcotics Control, released a bipartisan report entitled The Buck Stops Here: Improving U.S. Anti-Money Laundering Practices that provides recommendations for Congress and the Obama Administration to strengthen anti-money laundering laws and regulations in the United States.
“Drug traffickers are motivated by one thing: money. The illicit proceeds from their crimes are blood money, and blood money has no place in our financial system.”said Senator Feinstein. “Money laundering—very often throughU.S.businesses and financial institutions—must be stopped if we are to make real progress in curtailing the drug trade. Improving our anti-money laundering laws will help better combat transnational organized crime and return revenue to the U.S. Treasury.”
“Our report has common-sense recommendations to curb key shortcomings in anti-money laundering statutes and enforcement practices.” said Senator Grassley. “By cutting off financing, we can get at the criminals who misuse legitimate institutions to fuel their illegal activities. Congress and the Obama Administration should take a close look at these recommendations.”
The entire report can be found here.
domingo, abril 28
