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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 2012 INCSR 2012 Volume II Table of Contents Table of Contents Volume II Common Abbreviations ............................................................................................................................ iv Legislative Basis for the INCSR ................................................................................................................ 1 Introduction ................................................................................................................................................. 2 Bilateral Activities ................................................................................................................................. 3 Training and Technical Assistance ........................................................................................................... 3 Board of Governors of the Federal Reserve System (FRB) ................................................ 3 Department of Homeland Security (DHS) ................................................................................... 4 Immigration and Customs Enforcement (ICE) ......................................................................................... 4 Department of Justice ......................................................................................................................... 6 Drug Enforcement Agency (DEA) .............................................................................................................. 6 Federal Bureau of Investigation (FBI), ...................................................................................................... 6 Office of Overseas Prosecutorial Development, Assistance and Training, the Asset Forfeiture and Money Laundering Section, & Counterterrorism Section (OPDAT, AFMLS, and CTS) ....................... 7 Department of State ............................................................................................................................. 9 International Law Enforcement Academies (ILEAs) .............................................................................. 12 Department of the Treasury ............................................................................................................ 14 Financial Crimes Enforcement Network (FinCEN) ................................................................................ 14 Internal Revenue Service (IRS), Criminal Investigative Division (CID) ................................................ 15 Office of the Comptroller of the Currency (OCC) .................................................................................. 17 Office of Technical Assistance (OTA) ..................................................................................................... 18 Federal Deposit Insurance Corporation (FDIC) ...................................................................... 19 Treaties and Agreements ................................................................................................................ 20 Multi-Lateral Organizations & Programs .................................................................................. 22 The Financial Action Task Force (FATF) and FATF-Style Regional Bodies (FSRBs) ........................ 22 The Organization of American States Inter-American Drug Abuse Control Commission (OAS/CICAD) Group of Experts to Control Money Laundering ............................................................ 23 United Nations Global Programme against Money Laundering, Proceeds of Crime, and the Financing of Terrorism (GPML) ............................................................................................................... 25 The Egmont Group of Financial Intelligence Units ............................................................................... 27 Major Money Laundering Countries ........................................................................................... 29 Countries and Jurisdictions Table .......................................................................................................... 33 Comparative Table Key ............................................................................................................................ 34 Comparative Table .................................................................................................................................... 36 INCSR Volume II Template Key ............................................................................................................... 46 Countries/Jurisdictions of Primary Concern .......................................................................... 49 Afghanistan ............................................................................................................................................... 49 Antigua and Barbuda ................................................................................................................................ 51 Argentina.................................................................................................................................................... 53 Australia ..................................................................................................................................................... 56 Austria ........................................................................................................................................................ 58 Bahamas .................................................................................................................................................... 59 INCSR 2012 Volume II Table of Contents Belize .......................................................................................................................................................... 61 Bolivia ......................................................................................................................................................... 62 Brazil ........................................................................................................................................................... 64 British Virgin Islands ................................................................................................................................ 67 Burma ......................................................................................................................................................... 68 Cambodia ................................................................................................................................................... 71 Canada ....................................................................................................................................................... 73 Cayman Islands ......................................................................................................................................... 75 China, People’s Republic of ..................................................................................................................... 77 Colombia .................................................................................................................................................... 79 Costa Rica .................................................................................................................................................. 82 Curacao ...................................................................................................................................................... 84 Cyprus ........................................................................................................................................................ 86 Dominican Republic .................................................................................................................................. 90 France ......................................................................................................................................................... 92 Germany ..................................................................................................................................................... 94 Greece ........................................................................................................................................................ 95 Guatemala .................................................................................................................................................. 98 Guernsey .................................................................................................................................................. 100 Guinea-Bissau ......................................................................................................................................... 102 Haiti ........................................................................................................................................................... 104 Hong Kong ............................................................................................................................................... 105 India .......................................................................................................................................................... 107 Indonesia.................................................................................................................................................
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