Money Laundering, Terrorism and Financial Institutions - USA Patriot Act Monitor

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3/30/04 USA PATRIOT Act Monitor News Release: USA PATRIOT Act Monitor Discusses FATF Typologies Report

The March 2004 issue of the USA PATRIOT Act Monitor has been posted on the Civic Research Institute website for the Monitor, http://www.civicresearchinstitute.com/moneylaundering. The new Monitor discusses the 2003-2004 Typologies Report released by the Financial Action Task Force (FATF), paying particular attention to the ways terrorists and money launderers use non-profit organizations and, recently, insurance companies. The FATF's continuing push regarding gatekeepers (including lawyers and accountants) is also reviewed. Another development discussed in the March Monitor concerns a case in a Texas district court regarding how broad the shield against release of SAR-related records is extended to protect an institution filing a suspicious activity report.

The USA PATRIOT Act Monitor and the news releases prepared by the Monitor staff are services of the Civic Research Institute, publisher of Money Laundering, Terrorism, and Financial Institutions, by Raymond Banoun and John Ensminger. Contact and subscription information may be obtained at http://www.civicresearchinstitute.com/moneylaundering or by calling the Civic Research Institute at 609-683-4450 (fax: 609-683-7291).

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