NCJ Number
173480
Editor(s)
W C Gilmore
Date Published
1992
Length
355 pages
Annotation
This presentation of documents that pertain to international cooperation in combatting drug money laundering focuses on the work of the Financial Action Task Force, United Nations initiatives, efforts with British Commonwealth countries, European developments, and other initiatives and developments.
Abstract
The heads of state or government of seven major industrial nations and the president of the Commission of the European Communities met in Paris in July 1989 for the 15th annual Economic Summit. As part of the Summit's work, a Financial Action Task Force was convened from Summit participants and other interested countries. The mandate for the task force is to assess the results of cooperation already undertaken to prevent the use of the banking system and financial institutions for money laundering and to consider additional preventive efforts in this field, including the adaptation of the legal and regulatory systems so as to enhance multilateral judicial assistance. The Task Force report of February 6, 1990, focuses on the extent and nature of the money laundering process, programs already in place to combat money laundering, and recommendations for improving national and international efforts to combat money laundering. Other included reports related to the work of the Task Force are the Report of the Caribbean Drug Money Laundering Conference held June 8-10, 1990, and the Task Force report presented in Paris on May 13, 1991. A presentation of initiatives undertaken by the United Nations encompasses extracts of the 1987 Comprehensive Outline of Future Activities in Drug Abuse Control; the United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances; the Political Declaration and Global Program of Action adopted by the General Assembly at its 17th special session; and recommendations of the Intergovernmental Expert Group to Study the Economic and Social Consequences of Illicit Traffic in Drugs. Extracts are also included from the United Nations Model Treaty on Mutual Assistance in Criminal Matters, 1990. Documents on British Commonwealth initiatives stem from the meeting of the Commonwealth heads of government held in Malaysia in 1989, the Commonwealth Law Ministers Meeting of 1990, and the Commonwealth Heads of Government Meeting held in 1991. Documents related to European developments stem from the Council of Europe efforts and European communities. The chapter on "Other Initiatives and Developments" presents documents on international cooperation in money laundering worldwide and in certain regions of the world.