NCJ Number
152993
Date Published
1994
Length
19 pages
Annotation
This paper presents the findings and recommendations of an international conference held in July 1994, sponsored by the United Nations Economic and Social Council, and focusing on a global approach to preventing and controlling money laundering and the use of the proceeds of crime.
Abstract
The conference noted that money laundering has a global character and requires a vigorous multidisiciplinary approach and priority attention at the international and national levels. Participants noted the need to expand the scope and use of existing measures; coordinate the provision of technical assistance to governments; and involve law enforcement, the judicial system, and the banking and financial communities in this effort. Implementation priorities include the criminalization of money laundering, limitation of bank secrecy, the application of the know-your-customer rule, identification and reporting of suspicious transactions, improved regulation of businesses or professionals conducting financial operations, asset forfeiture, and workable international cooperation mechanisms. Appended agenda and lists of participants and documents