U.S. Congress Considers Initiatives to Strengthen International Anti-Money Laundering

1. Introduction On July 24, 1997, the Subcommittee on Crime, Committee of the Judiciary, U.S. House of Representatives, held a hearing at which several experts proposed improvements on its efforts to combat international anti-money laundering. In particular, the hearing concerned the nature and extent of domestic and international money laundering, its role in international drug trade, and methods of combating the problem... [more]