U.S. GAO | Anti-Money Laundering | GPE – September 08, 2017:
GAO-17-684: Published: Aug 22, 2017. Publicly Released: Sep 7, 2017.
Transnational drug traffickers try to launder their money to make illicit proceeds appear legitimate. To help fight this, U.S. agencies and regulators monitor financial institutions’ compliance with anti-money laundering requirements—including that they verify customers’ identities and report suspicious transactions.
Federal agencies also provide such things as training and equipment to support capacity-building in other Western Hemisphere countries. State and Treasury allocated about $63 million to support such efforts from 2011-15, with funding concentrated in several countries, including Mexico.
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