Money Laundering

Gift cards, phone cards, other prepaid services and Internet banking give criminals new opportunities to launder money from their crimes, according to a report from U.S. financial and law enforcement agencies. The Money Laundering and Threat Assessment (MLTA), released January 11 by 16 agencies, is the first government-wide analysis of money laundering in the United States. A working group, which prepared the report, analyzed law enforcement statistics, observations and regulatory data to assess the vulnerabilities that allow criminals to launder money in the U.S. financial system.

2007: Treasury: Reporting of Cross-border Wire Transfer Data Could Help Combat Money Laundering, Terrorist Financing (Jan 17, 2007)

2006: U.S. Money Laundering Threat Assessment (Jan 12, 2006)

2005: Terrorism Finance Issues Addressed at U.S.-EU Summit (Jun 20, 2005) | Treasury's Levey Discusses Money Laundering with Latvian Officials (May 31, 2005) | Money Laundering Fight Moves Beyond Formal Channels, U.S. Says (Mar 7, 2005)

2004: Anti-Terrorist Finance Group Reauthorized for Eight Years (May 14, 2004)

2003: U.S., Allies Make Progress in Money Laundering Campaign (Nov 19, 2003) | Financial Body Revises Anti-Money Laundering Recommendations (Jun 20, 2003)

2002: Hungary, Israel Removed From Money Laundering Blacklist (Jun 21, 2002)