United States Department of State Bureau of International Narcotics and Law Enforcement Affairs International Narcotics Control Strategy Report Volume II Money Laundering March 2021 United States Department of State Bureau of International Narcotics and Law Enforcement Affairs International Narcotics Control Strategy Report Volume II Money Laundering March 2021 INCSR 2021 Volume II Money Laundering Table of Contents Common Abbreviations ............................................................................................................................................... 5 Definitions ..................................................................................................................................................................... 8 Legislative Basis and Methodology for the INCSR ................................................................................................. 13 Overview ...................................................................................................................................................................... 15 Training Activities ...................................................................................................................................................... 18 Board of Governors of the Federal Reserve System (FRB) .................................................................................... 18 Department of Homeland Security ........................................................................................................................... 19 Customs and Border Patrol (CBP) ........................................................................................................................... 19 Immigration and Customs Enforcement Homeland Security Investigations (ICE HSI) .................................... 19 Department of Justice ................................................................................................................................................ 20 Drug Enforcement Administration (DEA) ............................................................................................................... 20 Federal Bureau of Investigation (FBI) ..................................................................................................................... 20 Office of Overseas Prosecutorial Development, Assistance and Training (OPDAT) .......................................... 21 Department of State ................................................................................................................................................... 22 Department of the Treasury ...................................................................................................................................... 25 Financial Crimes Enforcement Network (FinCEN) ................................................................................................ 25 Internal Revenue Service, Criminal Investigations (IRS-CI) ................................................................................. 25 Office of the Comptroller of the Currency (OCC) .................................................................................................. 26 Office of Technical Assistance (OTA) ....................................................................................................................... 26 Comparative Table Key ............................................................................................................................................. 28 Comparative Table ..................................................................................................................................................... 30 Afghanistan ................................................................................................................................................................. 35 Albania ........................................................................................................................................................................ 37 Algeria ......................................................................................................................................................................... 39 Antigua and Barbuda ................................................................................................................................................. 41 Argentina ..................................................................................................................................................................... 43 Armenia ....................................................................................................................................................................... 45 Aruba ........................................................................................................................................................................... 48 Bahamas ...................................................................................................................................................................... 50 Barbados ...................................................................................................................................................................... 52 Belgium ........................................................................................................................................................................ 54 BeliZe ............................................................................................................................................................................ 55 Benin ............................................................................................................................................................................ 58 Bolivia .......................................................................................................................................................................... 60 BraZil ............................................................................................................................................................................ 62 British Virgin Islands ................................................................................................................................................. 64 Burma .......................................................................................................................................................................... 66 Cabo Verde ................................................................................................................................................................. 68 Canada ......................................................................................................................................................................... 70 Cayman Islands .......................................................................................................................................................... 72 China, People’s Republic of ....................................................................................................................................... 74 Colombia ..................................................................................................................................................................... 76 2 INCSR 2021 Volume II Money Laundering Costa Rica ................................................................................................................................................................... 78 Cuba ............................................................................................................................................................................. 80 Curacao ....................................................................................................................................................................... 82 Cyprus ......................................................................................................................................................................... 84 Dominica ...................................................................................................................................................................... 88 Dominican Republic ................................................................................................................................................... 90 Ecuador ....................................................................................................................................................................... 92 El Salvador .................................................................................................................................................................. 95 Georgia ........................................................................................................................................................................ 96 Ghana .......................................................................................................................................................................... 98 Guatemala ................................................................................................................................................................. 101 Guyana .....................................................................................................................................................................