Major legislation has been introduced to US Congress that would extend the power of the US authorities to apply its money laundering laws and penalties in other countries.The proposed laws, which were tabled in April, has the support of both Democrats and Republicans, according to a report in Miami-based newsletter Money Laundering Alert.
Articles Banks & Trusts Featured Legislation Money LaunderingJune 30, 1998
US seeks to extend legal powers over foreign countries
25 years ago
TopicsBanks & Trusts Legislation Money Laundering
KeywordsMoney Laundering Act of 1998 Money Laundering Alert Money Laundering Enforcement Act of 1998