Treasury Releases Guidance on Enhanced Scrutiny for Transactions that May Involve the Proceeds of Foreign Official Corruption

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Tuesday, May 1, 2001
Author: 
Bruce Zagaris
Volume: 
17
Issue: 
5
214
Abstract: 
On January 17, 2001, as part of its initiative and “Guidance on Enhanced Scrutiny for Transactions That May Involve the Proceeds of Foreign Official Corruption,” released on January 16, 2001, the U.S. Department of State has a mechanism whereby financial institutions doing business within the U.S. may contact the Department of State to inquire whether a particular individual holds a position in the executive, legislative, administrative, military or judicial branches of a foreign government…[more]