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Interagency Task Force Will Lead to More Money Laundering Investigations: Official
By Colby Adams
printThe formation of a federal task force aimed at fighting financial crime will likely mean more money laundering investigations at banks, according to a U.S. Treasury Department official. Led by the U.S. Justice Department, the Financial Fraud Enforcement Task Force will coordinate federal and state investigations and prosecutions with the help of over 30 federal agencies, U.S. Attorney General Eric Holder said Tuesday. The agencies include the FBI, the Financial Crimes Enforcement Network (FinCEN) and the Office of the Comptroller of the Currency, among others. The organization, which replaces a task force formed in 2002 to fight corporate fraud, will...
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