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State Department Gives Low Marks to Bolivia, Warns of False Invoicing

The U.S. State Department has classified Bolivia, Guinea-Bissau and Zimbabwe as "jurisdictions of primary concern" in international efforts to combat money laundering. The United States added the countries to its list of nations and legal jurisdictions at high-risk of money laundering abuse as part of its 2009 International Narcotics Control Strategy Report, released Friday. The three countries join 57 other jurisdictions on the list, including China, Russia and the United States. In remarks announcing the report, Assistant Secretary of State for International Narcotics and Law Enforcement Affairs David Johnson singled out shortcomings in Bolivia's efforts to stem money laundering, saying...

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