Is the IRS Equipped to Handle Anti-Money Laundering Responsibilities?
Author: Staff Editors.
Source: Volume 21, Number 02, November/December 2007 , pp.51-57(7)
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Abstract:
In a recent evaluation of the U.S. anti-money laundering and counter-terrorist financing programs, the evaluators observed that the IRS has Bank Secrecy Act examination authority over a very broad range of financial businesses, putting considerable strain on its resources.Keywords: Non-bank financial institutions; anti-money laundering investigations; FinCEN
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