Banks Take the Initiative on Laundering American Banker (10/26/00) Vol. 104, No. 42 p.1; Garver, Rob
An article about banking-industry efforts to crack down
on money laundering mentions an anti-money-laundering initiative,
aimed at private bankers, developed by a number of top
international banks, including Chase, J.P. Morgan and Citigroup.
Another initiative, created by a group of trade organizations,
regulators and law-enforcement officials, will present semiannual
reports on banks' suspicious activity filings; the first
semiannual report will be introduced next week at an American
Bankers Association seminar.