Unless America's own laundering laws are strengthened, international efforts to curtail the flow of dirty cash will have limited impact.
An anti-money laundering law passed in 2005 prohibits importing more than $10,000 in cash except through a financial institution.
To curb money laundering, improved anti-money laundering laws have been enacted.
In March 2009, Barclays was accused of violating international anti-money laundering laws.
This is similar to the definition in the federal money- laundering law.
It reinforces federal anti-money laundering laws and regulations in an effort to deny terrorists the resources necessary for future attacks.
Later that year Federal regulators ordered the bank to impose tighter controls to assure compliance with the anti-money laundering law, the records show.
Mr. Levin said the bank's practices continued even after stricter anti-money laundering laws were passed in the wake of the September 2001 terrorist attacks.
Congress passed none of the nine major proposed anti-money laundering laws this year (I testified three times in support of these bills).
In 2001, Palau passed its first bank regulation and anti-money laundering laws.
