United States Department of State Bureau of International Narcotics and Law Enforcement Affairs International Narcotics Control Strategy Report Volume II Money Laundering March 2020 INCSR 2020 Volume II Money Laundering Table of Contents Common Abbreviations ........................................................................... 6 Definitions ................................................................................................. 9 Legislative Basis and Methodology for the INCSR .............................. 14 Overview .................................................................................................. 16 Training Activities ................................................................................... 19 Board of Governors of the Federal Reserve System (FRB) ................. 19 Department of Homeland Security ........................................................ 20 Customs and Border Patrol (CBP) ......................................................... 20 Department of Justice ............................................................................ 21 Drug Enforcement Administration (DEA) .............................................. 21 Federal Bureau of Investigation (FBI) ................................................... 21 Office of Overseas Prosecutorial Development, Assistance and Training (OPDAT) .................................................................................... 22 Department of State ................................................................................ 24 Department of the Treasury ................................................................... 27 Financial Crimes Enforcement Network (FinCEN) ............................... 27 Internal Revenue Service, Criminal Investigations (IRS-CI) ................ 27 Office of the Comptroller of the Currency (OCC) ................................. 28 Office of Technical Assistance (OTA) ................................................... 28 Comparative Table Key .......................................................................... 30 Comparative Table .................................................................................. 32 Afghanistan ............................................................................................. 37 Albania..................................................................................................... 39 Algeria ..................................................................................................... 41 Antigua and Barbuda .............................................................................. 43 Argentina ................................................................................................. 45 Armenia ................................................................................................... 47 Aruba ....................................................................................................... 49 Azerbaijan ............................................................................................... 51 Bahamas .................................................................................................. 53 Barbados ................................................................................................. 55 Belgium ................................................................................................... 57 Belize ....................................................................................................... 59 2 INCSR 2020 Volume II Money Laundering Benin ....................................................................................................... 61 Bolivia ...................................................................................................... 63 Bosnia and Herzegovina ........................................................................ 65 Brazil ........................................................................................................ 67 British Virgin Islands .............................................................................. 69 Burma ...................................................................................................... 72 Cabo Verde .............................................................................................. 74 Canada..................................................................................................... 76 Cayman Islands ...................................................................................... 78 China, People’s Republic of ................................................................... 80 Colombia ................................................................................................. 82 Costa Rica ............................................................................................... 84 Cuba ........................................................................................................ 86 Curacao ................................................................................................... 88 Cyprus ..................................................................................................... 90 Dominica ................................................................................................. 95 Dominican Republic ............................................................................... 96 Ecuador ................................................................................................... 98 El Salvador ............................................................................................ 101 Georgia .................................................................................................. 103 Ghana .................................................................................................... 105 Guatemala ............................................................................................. 107 Guyana .................................................................................................. 109 Haiti ........................................................................................................ 111 Honduras ............................................................................................... 113 Hong Kong ............................................................................................ 115 India ....................................................................................................... 117 Indonesia ............................................................................................... 119 Iran ......................................................................................................... 121 Italy ........................................................................................................ 123 Jamaica ................................................................................................. 125 Kazakhstan ............................................................................................ 127 Kenya ..................................................................................................... 129 Kyrgyz Republic .................................................................................... 132 3 INCSR 2020 Volume II Money Laundering Laos ....................................................................................................... 134 Liberia .................................................................................................... 135 Macau .................................................................................................... 137 Malaysia ................................................................................................. 139 Mexico ................................................................................................... 141 Morocco ................................................................................................. 144 Mozambique .......................................................................................... 146 Netherlands ........................................................................................... 148 Nicaragua .............................................................................................. 150 Nigeria ................................................................................................... 152 Pakistan ................................................................................................. 154 Panama .................................................................................................. 156 Paraguay ............................................................................................... 159 Peru ....................................................................................................... 161 Philippines ............................................................................................ 163 Russian Federation .............................................................................. 165 St. Kitts and Nevis ................................................................................ 167 St. Lucia ................................................................................................. 169 St. Vincent and the Grenadines ........................................................... 171 Senegal .................................................................................................. 173 Sint Maarten .........................................................................................