Correspondent Banking - A Gateway For Money Laundering
ByImpactAML-INX3 Financial Press
Usually printed in 3 - 5 business days
U.S. banks, through the correspondent accounts they provide to foreign banks, have become
conduits for dirty money flowing into the American financial system and have, as a result, facilitated illicit enterprises, including drug trafficking and financial frauds. This report, reproduced here, summarizes a year-long investigation by the Minority Staff of the U.S. Senate Permanent Subcommittee on Investigations, under the leadership of Ranking Democrat Senator Carl Levin, into correspondent banking and its use as a tool for laundering money. It is the second of two reports compiled by the Minority Staff at Senator Levin’s direction on the U.S. banking system’s vulnerabilities to money laundering.
Details
- Publication Date
- Oct 17, 2008
- Language
- English
- Category
- Business & Economics
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): ImpactAML-INX3 Financial Press
Specifications
- Pages
- 300
- Binding
- Perfect Bound
- Interior Color
- Black & White
- Dimensions
- US Letter (8.5 x 11 in / 216 x 279 mm)