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Review of Priority Themes: Control of the Proceeds of Crime

NCJ Number
163170
Date Published
1996
Length
19 pages
Annotation
This report -- submitted in pursuance of Economic and Social Council resolutions 1994/13 of July 25, 1994 and 1995/11 of July 24, 1995 -- provides an overview of the multidimensional and challenging problems associated with money laundering and examines them from the perspective of governments.
Abstract
The report also summarizes international, regional, and other initiatives for the prevention and control of the laundering of the proceeds of crime and the control of such proceeds, and it describes the role of the United Nations in promoting international cooperation in that field. Countries that reported on their various anti-money-laundering policies include Argentina, Australia, Austria, Belarus, Canada, Chile, Croatia, Cuba, Cyprus, Germany, Greece, Haiti, Holy See, Italy, Jamaica, Japan, Mexico, Panama, Qatar, Saudi Arabia, Spain, Thailand, Turkey, United Kingdom, Northern Ireland, and the United States. Information from a number of these countries is summarized. A discussion of recent international initiatives focuses on the work of the Financial Action Task Force (FATF), which was established by the major industrialized countries as a key instrument for combating money laundering. In 1995, FATF completed the first set of mutual evaluations of its members regarding progress in the implementation of 40 recommendations. International conferences on money laundering are also reviewed in terms of their distinctive contributions to international efforts to combat money laundering. A discussion of new trends and challenges in combating money laundering is followed by recommendations from the Commission's Secretary General for the Commission on Crime Prevention and Criminal Justice to consider.