US FinCEN Calls for Increased International Enforcement Work

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Thursday, February 1, 2001
Author: 
Bruce Zagaris
Volume: 
17
Issue: 
2
41
Abstract: 
On September 30, 2000, the Financial Crimes Enforcement Network, U.S. Department of Treasury, issued its Strategic Plan 2000-2005 that calls for enhanced efforts to combat international money laundering. FinCEN cooperates closely with other agencies and parts of the U.S. government and other governments to combat transnational crime and its impact on financial institutions and governments. FinCEN provides this help by supporting its Financial Intelligence Unit (FIU) counterparts and facilitating the exchange of information among these institutions in support of anti-money laundering investigations. In addition, FinCEN, in coordination with other U.S. Government agencies, helps foreign governments and institutions to combat transnational crime by assessing and evaluating money laundering controls in specific countries and providing training and technical assistance…[more]