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Money Laundering and Financial Crimes

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Money Laundering and Financial Crimes United States Department of State Bureau for International Narcotics and Law Enforcement Affairs International Narcotics Control Strategy Report Volume II Money Laundering and Financial Crimes March 2015 INCSR 2015 Volume II Money Laundering and Financial Crimes Table of Contents ...................................................................................... i Common Abbreviations .......................................................................... iv Definitions ................................................................................................ vi Money Laundering and Financial Crimes ...................................... 1 Legislative Basis for the INCSR ................................................................................................................ 1 Introduction ................................................................................................................................................. 3 Bilateral Activities ..................................................................................... 4 Training and Technical Assistance ........................................................................................................... 4 Board of Governors of the Federal Reserve System ............................. 5 Department of Homeland Security .......................................................... 6 Customs and Border Protection ................................................................................................................ 6 Homeland Security Investigations ............................................................................................................ 6 Department of Justice .............................................................................. 8 Drug Enforcement Administration ............................................................................................................ 8 Office of Overseas Prosecutorial Development, Assistance and Training; the Asset Forfeiture and Money Laundering Section; and the Counterterrorism Section ............................................................ 8 Department of State ................................................................................ 11 International Law Enforcement Academies (ILEAs) .............................................................................. 13 Department of the Treasury ................................................................... 15 Financial Crimes Enforcement Network ................................................................................................. 15 Internal Revenue Service, Criminal Investigations ............................................................................... 15 Office of the Comptroller of the Currency .............................................................................................. 16 Office of Technical Assistance ................................................................................................................ 17 Federal Deposit Insurance Corporation ................................................ 19 Treaties, Agreements, and Asset Sharing ............................................ 20 Treaties....................................................................................................................................................... 20 Agreements ............................................................................................................................................... 20 Asset Sharing ............................................................................................................................................ 21 Multilateral Organizations and Programs ................................................................... 22 The Financial Action Task Force and FATF-Style Regional Bodies .................................................... 22 The Organization of American States Inter-American Drug Abuse Control Commission Group of Experts to Control Money Laundering .................................................................................................... 23 United Nations Global Programme against Money Laundering, Proceeds of Crime, and the Financing of Terrorism ............................................................................................................................. 25 The Egmont Group of Financial Intelligence Units .............................. 28 Major Money Laundering Countries ...................................................... 31 Countries and Jurisdictions Table ........................................................ 35 Comparative Table Key ............................................................................................................................ 36 Comparative Table .................................................................................. 39 INCSR Volume II Template Key________________________________________ 50 Countries/Jurisdictions of Primary Concern ........................................ 57 Afghanistan ............................................................................................................................................... 58 i INCSR 2015 Volume II Money Laundering and Financial Crimes Antigua and Barbuda ................................................................................................................................ 60 Argentina.................................................................................................................................................... 63 Australia ..................................................................................................................................................... 66 Austria ........................................................................................................................................................ 69 Bahamas .................................................................................................................................................... 71 Belize .......................................................................................................................................................... 73 Bolivia ......................................................................................................................................................... 75 Brazil ........................................................................................................................................................... 77 British Virgin Islands ................................................................................................................................ 80 Burma ......................................................................................................................................................... 82 Cambodia ................................................................................................................................................... 85 Canada ....................................................................................................................................................... 88 Cayman Islands ......................................................................................................................................... 91 China .......................................................................................................................................................... 93 Colombia .................................................................................................................................................... 96 Costa Rica .................................................................................................................................................. 99 Curacao .................................................................................................................................................... 102 Cyprus ...................................................................................................................................................... 104 Dominican Republic ................................................................................................................................ 109 France ....................................................................................................................................................... 111 Germany ................................................................................................................................................... 113 Greece ...................................................................................................................................................... 115 Guatemala ................................................................................................................................................ 118 Guernsey .................................................................................................................................................. 120 Guinea-Bissau ......................................................................................................................................... 122 Haiti ........................................................................................................................................................... 125 Hong Kong ..............................................................................................................................................
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