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Senate Holds Hearing On Money Laundering, Releases Report
February 4th, 2010
The Senate subcommittee on investigations held their hearing today to highlight the problem of US law and money laundering activities from foreign officials. They also released a report, which can be downloaded here. I wrote about the hearing yesterday, so I'd like to make a general comment about the report. Reading through each of the case studies, a theme emerges. At various points in each study, certain public and private individuals and institutions identified the unlawful or suspect nature of the financial transactions taking place in front of them. Often, they acted to close a bank account, notify authorities,...
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