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.


Back   |  IRA.com Home   |  News Archive