Author: United States. Government Accountability Office Publisher: ISBN: Category : Customs administration Languages : en Pages : 69
Book Description
U.S. Customs and Border Protection (CBP) is the lead federal agency responsible for inspecting travelers who seek to smuggle large volumes of cash, called bulk cash, when leaving the country through land ports of entry. It is estimated that criminals smuggle $18 billion to $39 billion a year in bulk cash across the southwest border. The Financial Crimes Enforcement Network (FinCEN) is responsible for reducing the risk of cross-border smuggling of funds through the use of devices called stored value, such as prepaid cards. GAO was asked to examine (1) the extent of actions taken by CBP to stem the flow of bulk cash leaving the country and any challenges that remain, (2) the regulatory gaps, if any, of cross-border reporting and other anti-money laundering requirements of stored value, and (3) if gaps exist, the extent to which FinCEN has addressed them. To conduct its work, GAO observed outbound operations at five land ports of entry. GAO also reviewed statutes, rules, and other information for stored value. This is a public version of a law enforcement sensitive report that GAO issued in September 2010. Information CBP deemed sensitive has been redacted. GAO recommends that CBP, among other things, gather data on program costs and benefits and that FinCEN develop a plan, including target dates, to better manage its rulemaking process.
Author: United States Government Accountability Office Publisher: Createspace Independent Publishing Platform ISBN: 9781983555251 Category : Languages : en Pages : 76
Book Description
Moving Illegal Proceeds: Challenges Exist in the Federal Government's Effort to Stem Cross-Border Currency Smuggling
Author: United States Government Accountability Office Publisher: Createspace Independent Publishing Platform ISBN: 9781719024204 Category : Languages : en Pages : 24
Book Description
Moving Illegal Proceeds: Opportunities Exist for Strengthening the Federal Government's Efforts to Stem Cross-Border Currency Smuggling
Author: U.s. Government Accountability Office Publisher: ISBN: 9781974643851 Category : Languages : en Pages : 76
Book Description
"U.S. Customs and Border Protection(CBP) is the lead federal agencyresponsible for inspecting travelerswho seek to smuggle large volumesof cash-called bulk cash-whenleaving the country through landports of entry. It is estimated thatcriminals smuggle $18 billion to $39billion a year in bulk cash across thesouthwest border. The FinancialCrimes Enforcement Network(FinCEN) is responsible for reducingthe risk of cross-border smuggling offunds through the use of devicescalled stored value, such as prepaidcards. GAO was asked to examine (1)the extent of actions taken by CBP tostem the flow of bulk cash leaving thecountry and any challenges thatremain, (2) the regulatory gaps, ifany, of cross-border reporting andother anti-money launderingrequirements of stored value, and (3)if gaps exist, the extent to whichFinCEN has addressed them. Toconduct its work, GAO observedoutbound operations at five landports of entry. GAO also reviewedstatutes, rules, and other informationfor stored value. This is a publicversion of a law enforcementsensitive report that GAO issued inSeptember 2010. Information CBPdeemed sensitive has been redacted."
Author: Fletcher N. Baldwin Publisher: ISBN: Category : Business & Economics Languages : en Pages : 1366
Book Description
The latest release contains the following updates. DT GAO Report: ANTI-MONEY LAUNDERING: Improved Communication Could Enhance the Support FinCEN Provides to Law Enforcement DT BANK SECRECY ACT: Federal Agencies Should Take Action to Further Improve Coordination and Information-Sharing Efforts DT MOVING ILLEGAL PROCEEDS: Opportunities Exist for Strengthening the Federal Government's Efforts to Stem Cross-Border Currency Smuggling Expert commentary and current primary source material at your fingertips! This unique set combines both commentary and difficult to locate primary source material. The commentary focuses on issues of concern to attorneys, bankers, executives and law enforcement, and is written by experts that deal with these issues daily. Country commentaries written by local experts include advice on compliance and law enforcement. The primary source material encompasses foreign laws in English, government reports from agencies in the United States and other countries, treaties and important court cases. Practical advice on high profile topics BI Identifying common fraud schemes DTThe Bank Secrecy Act and how it has been implemented DTCyber-payments as a new weapon in money laundering detection and prevention DTE-Commerce and financial crimes DTPolicing of organized crime in foreign jurisdictions DTSarbanes-Oxley Act DTCorporate fraud and responsibility of a corporation to detect fraud DTUSA PATRIOT Act This outstanding reference covers everything you need to know about money laundering, including: DTThe SAR Activity Review DTCash Transactions Report Act DTCommentary on Financial Intelligence Unit and Egmont Group DTOrganized Crime, Terrorism and Money Laundering in the Americas DTCivil asset forfeiture DTSecurities fraud and money laundering investigations DTGambling and regulated activities
Author: World Bank Group Publisher: World Bank Publications ISBN: 1464809518 Category : Business & Economics Languages : en Pages : 605
Book Description
Why are carefully designed, sensible policies too often not adopted or implemented? When they are, why do they often fail to generate development outcomes such as security, growth, and equity? And why do some bad policies endure? World Development Report 2017: Governance and the Law addresses these fundamental questions, which are at the heart of development. Policy making and policy implementation do not occur in a vacuum. Rather, they take place in complex political and social settings, in which individuals and groups with unequal power interact within changing rules as they pursue conflicting interests. The process of these interactions is what this Report calls governance, and the space in which these interactions take place, the policy arena. The capacity of actors to commit and their willingness to cooperate and coordinate to achieve socially desirable goals are what matter for effectiveness. However, who bargains, who is excluded, and what barriers block entry to the policy arena determine the selection and implementation of policies and, consequently, their impact on development outcomes. Exclusion, capture, and clientelism are manifestations of power asymmetries that lead to failures to achieve security, growth, and equity. The distribution of power in society is partly determined by history. Yet, there is room for positive change. This Report reveals that governance can mitigate, even overcome, power asymmetries to bring about more effective policy interventions that achieve sustainable improvements in security, growth, and equity. This happens by shifting the incentives of those with power, reshaping their preferences in favor of good outcomes, and taking into account the interests of previously excluded participants. These changes can come about through bargains among elites and greater citizen engagement, as well as by international actors supporting rules that strengthen coalitions for reform.
Author: John Madinger Publisher: CRC Press ISBN: 143986912X Category : Business & Economics Languages : en Pages : 433
Book Description
Many changes have occurred in the twenty-five years that have passed since the enactment of the Money Laundering Control Act of 1986. The law has been amended, new underlying crimes have been added, and court decisions have modified its scope. The Act remains an important tool in combating criminal activity. Now in its third edition, Money Laundering: A Guide for Criminal Investigators covers the basics of finding ill-gotten gains, linking them to the criminal, and seizing them. Providing a clear understanding of money laundering practices, it explains the investigative and legislative processes that are essential in detecting and circumventing this illegal and dangerous activity. Highlights of the Third Edition include Important court decisions and changes in federal law since the Second Edition New trends in crime and terrorism financing The rise of money laundering in connecting with major frauds, including the Bernie Madoff case Law and policy shifts related to terrorism and financing since the Obama administration New methods for financial intelligence and the filing of Suspicious Activity Reports How changes in technology have enabled launderers to move funds more easily and anonymously Knowledge of the techniques used to investigate these cases and a full understanding of the laws and regulations that serve as the government’s weapons in this fight are essential for the criminal investigator. This volume arms those tasked with finding and tracing illegal proceeds with this critical knowledge, enabling them to thwart illegal profiteering by finding the paper trail.
Author: United States. Government Accountability Office
Author: Richard M. Stana
Author: United States. Department of Justice
Author: United States Government Accountability Office
Author: United States. Government Accountability Office
Author: United States Government Accountability Office
Author: U.s. Government Accountability Office
Author: Fletcher N. Baldwin
Author: World Bank Group
Author: John Madinger