After a two-year delay, the U.S. government on Thursday released an anti-money laundering (AML) strategy focused on nine areas including money services businesses and trade-based finance. It did not include plans for combating terrorist financing, a break from previous strategies. The 2007 National Money Laundering Strategy – drafted by the Treasury, Justice, State and Homeland Security departments as well as the federal bank and thrift regulators – was originally scheduled for release in 2005. In 1998 Congress passed a measure mandating that an anti-money laundering strategy be issued annually for five years beginning in 1999. Congress passed further legislation in...
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