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Money Laundering and Financial Crimes - International Narcotics Control Strategy Report - Magda Hassan - 23-03-2012
[URL="http://www.state.gov/documents/organization/184329.pdf"]http://www.state.gov/documents/organization/184329.pdf
United States Department of State
Bureau for International Narcotics and Law
Enforcement Affairs
International
Narcotics Control
Strategy Report
Volume II
Money Laundering and
Financial Crimes
March 2012INCSR 2012 Volume II Table of Contents
Table of Contents
Volume II
Common Abbreviations ............................................................................................................................ iv
Legislative Basis for the INCSR ................................................................................................................ 1
Introduction ................................................................................................................................................. 2
Bilateral Activities................................................................................................................................. 3
Training and Technical Assistance...........................................................................................................3
Board of Governors of the Federal Reserve System (FRB)................................................ 3
Department of Homeland Security (DHS)................................................................................... 4
Immigration and Customs Enforcement (ICE) .........................................................................................4
Department of Justice......................................................................................................................... 6
Drug Enforcement Agency (DEA)..............................................................................................................6
Federal Bureau of Investigation (FBI), ......................................................................................................6
Office of Overseas Prosecutorial Development, Assistance and Training, the Asset Forfeiture and
Money Laundering Section, & Counterterrorism Section (OPDAT, AFMLS, and CTS) .......................7
Department of State............................................................................................................................. 9
International Law Enforcement Academies (ILEAs)..............................................................................12
Department of the Treasury............................................................................................................ 14
Financial Crimes Enforcement Network (FinCEN) ................................................................................14
Internal Revenue Service (IRS), Criminal Investigative Division (CID)................................................15
Office of the Comptroller of the Currency (OCC) ..................................................................................17
Office of Technical Assistance (OTA).....................................................................................................18
Federal Deposit Insurance Corporation (FDIC)...................................................................... 19
Treaties and Agreements ................................................................................................................ 20
Multi-Lateral Organizations & Programs .................................................................................. 22
The Financial Action Task Force (FATF) and FATF-Style Regional Bodies (FSRBs)........................22
The Organization of American States Inter-American Drug Abuse Control Commission
(OAS/CICAD) Group of Experts to Control Money Laundering............................................................23
United Nations Global Programme against Money Laundering, Proceeds of Crime, and the
Financing of Terrorism (GPML) ...............................................................................................................25
The Egmont Group of Financial Intelligence Units ...............................................................................27
Major Money Laundering Countries ........................................................................................... 29
Countries and Jurisdictions Table ..........................................................................................................33
Comparative Table Key ............................................................................................................................34
Comparative Table.................................................................................................................................... 36
INCSR Volume II Template Key ............................................................................................................... 46
Countries/Jurisdictions of Primary Concern .......................................................................... 49
Afghanistan ...............................................................................................................................................49
Antigua and Barbuda................................................................................................................................51
Argentina....................................................................................................................................................53
Australia.....................................................................................................................................................56
Austria........................................................................................................................................................58
Bahamas ....................................................................................................................................................59INCSR 2012 Volume II Table of Contents
ii
Belize..........................................................................................................................................................61
Bolivia.........................................................................................................................................................62
Brazil...........................................................................................................................................................64
British Virgin Islands ................................................................................................................................67
Burma.........................................................................................................................................................68
Cambodia...................................................................................................................................................71
Canada .......................................................................................................................................................73
Cayman Islands.........................................................................................................................................75
China, People's Republic of.....................................................................................................................77
Colombia....................................................................................................................................................79
Costa Rica..................................................................................................................................................82
Curacao......................................................................................................................................................84
Cyprus........................................................................................................................................................86
Dominican Republic..................................................................................................................................90
France.........................................................................................................................................................92
Germany.....................................................................................................................................................94
Greece ........................................................................................................................................................95
Guatemala..................................................................................................................................................98
Guernsey..................................................................................................................................................100
Guinea-Bissau .........................................................................................................................................102
Haiti...........................................................................................................................................................104
Hong Kong...............................................................................................................................................105
India..........................................................................................................................................................107
Indonesia..................................................................................................................................................110
Iran............................................................................................................................................................112
Iraq............................................................................................................................................................115
Isle of Man................................................................................................................................................117
Israel.........................................................................................................................................................119
Italy ...........................................................................................................................................................120
Japan........................................................................................................................................................122
Jersey.......................................................................................................................................................124
Kenya........................................................................................................................................................127
Latvia........................................................................................................................................................129
Lebanon ...................................................................................................................................................132
Liechtenstein ...........................................................................................................................................135
Luxembourg ............................................................................................................................................136
Macau .......................................................................................................................................................138
Mexico ......................................................................................................................................................140
Netherlands .............................................................................................................................................142
Nigeria ......................................................................................................................................................145
Pakistan....................................................................................................................................................147
Panama.....................................................................................................................................................149
Paraguay ..................................................................................................................................................151
Philippines ...............................................................................................................................................154
Russia.......................................................................................................................................................155
Singapore.................................................................................................................................................158
Somalia.....................................................................................................................................................160
Spain.........................................................................................................................................................162
St. Maarten...............................................................................................................................................165
Switzerland ..............................................................................................................................................166
Taiwan ......................................................................................................................................................168
Thailand....................................................................................................................................................169
Turkey.......................................................................................................................................................172
Ukraine .....................................................................................................................................................174
United Arab Emirates..............................................................................................................................176
United Kingdom ......................................................................................................................................178INCSR 2012 Volume II Table of Contents
iii
Uruguay....................................................................................................................................................179
Venezuela.................................................................................................................................................182
Zimbabwe.................................................................................................................................................184INCSR 2012 Volume II Common Abbreviations
iv
Common Abbreviations
AML Anti-Money Laundering
APG Asia/Pacific Group on Money Laundering
ARS Alternative Remittance System
BCS Bulk Cash Smuggling
CFATF Caribbean Financial Action Task Force
CFT Counter-terrorist Financing
CTR Currency Transaction Report
DEA Drug Enforcement Administration
DHS
DNFBP
Department of Homeland Security
Designated Non-Financial Businesses and Professions
DOJ Department of Justice
DOS Department of State
EAG Eurasian Group to Combat Money Laundering and Terrorist Financing
EC European Commission
ECOWAS
EO
Economic Community of West African States
Executive Order
ESAAMLG Eastern and Southern Africa Anti-Money Laundering Group
EU European Union
FATF Financial Action Task Force
FBI
FI
Federal Bureau of Investigation
Financial Institution
FinCEN Financial Crimes Enforcement Network
FIU Financial Intelligence Unit
FTZ
FSRB
GABAC
Free Trade Zone
FATF-Style Regional Body
Action Group against Money Laundering in Central Africa
GAFISUD Financial Action Task Force on Money Laundering in South AmericaINCSR 2012 Volume II Common Abbreviations
v
GIABA Inter-Governmental Action Group against Money Laundering
IBC International Business Company
ICE
ICRG
U.S. Immigration and Customs Enforcement
International Cooperation Review Group
IMF International Monetary Fund
INCSR International Narcotics Control Strategy Report
INL Bureau for International Narcotics and Law Enforcement Affairs
IRS Internal Revenue Service
IRS-CID Internal Revenue Service Criminal Investigative Division
MENAFATF Middle East and North Africa Financial Action Task Force
MER Mutual Evaluation Report
MLAT Mutual Legal Assistance Treaty
MONEYVAL
Committee of Experts on the Evaluation of Anti-Money Laundering
Measures and the Financing of Terrorism
MOU Memorandum of Understanding
NGO Non-Governmental Organization
NPO Non-Profit Organization
OAS Organization of American States
OAS/CICAD OAS Inter-American Drug Abuse Control Commission
OFAC Office of Foreign Assets Control
OFC Offshore Financial Center
OPDAT Office of Overseas Prosecutorial Development, Assistance and Training
OTA Office of Technical Assistance
SAR Suspicious Activity Report
STR Suspicious Transaction Report
TBML Trade-Based Money Laundering
TTU Trade Transparency Unit
UNCAC United Nations Convention against Corruption
UN Drug
Convention
1988 United Nations Convention against Illicit Traffic in Narcotic Drugs
and Psychotropic SubstancesINCSR 2012 Volume II Common Abbreviations
vi
UNGPML United Nations Global Programme against Money Laundering
UNODC United Nations Office for Drug Control and Crime Prevention
UNSCR United Nations Security Council Resolution
UNTOC United Nations Convention against Transnational Organized Crime
USAID Agency for International Development
USG United States GovernmentMONEY LAUNDERING AND FINANCIAL CRIMES
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