Coping with U.S. Regulation of International Conduct: anti-money laundering and sanctions compliance

In recent years, the U.S. Government has become increasingly aggressive in enforcing U.S. laws designed to regulate the conduct of U.S. citizens and companies operating abroad. As a result, multinational firms face multiplying compliance concerns, especially with regard to the Foreign Corrupt Practi...

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Bibliographic Details
Published in:Insights (Clifton, N.J.) N.J.), 2010-01, Vol.24 (1), p.14
Main Author: Husisian, Gregory
Format: Article
Language:English
Subjects:
Compliance
Financial institutions
Foreign Corrupt Practices Act 1977-US
Laws, regulations and rules
Money laundering
Multinational corporations
Regulatory compliance
Sanctions
Sanctions (Law)
Terrorism
USA PATRIOT Act 2001-US
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Summary:In recent years, the U.S. Government has become increasingly aggressive in enforcing U.S. laws designed to regulate the conduct of U.S. citizens and companies operating abroad. As a result, multinational firms face multiplying compliance concerns, especially with regard to the Foreign Corrupt Practices Act, exportcontrol and sanctions regulations, and anti-money laundering requirements. In the third of three articles, the author presents compliance strategies for financial institutions attempting to manage the risks posed by U.S. anti-money laundering and sanctions regulations. [PUBLICATION ABSTRACT]
ISSN:0894-3524