US 2003 Money Laundering Strategy Report Emphasizes International Aspects

In November 2003, the U.S. Departments of Treasury and Justice issued the 2003 Money Laundering Strategy Report. Goal 1 was to safeguard the international financing system from money laundering and terrorist financing. As a result, the report calls for various measures to achieve its goals. The 2003 Strategy focuses on three major goals: (1) to block access to the international financial system by money launderers and terrorist financiers more effectively; (2) to strengthen the U.S. Government?s ability to target major money laundering organizations and systems; and (3) enhance and refine the anti-money laundering regulatory regime for all financial institutions to improve the effectiveness of compliance and enforcement efforts... [more]