Bank Secrecy Act and Anti-Money Laundering
Agencies, Organizations, and Reference Sources
Governors of the Federal Reserve System (FRB) (www.federalreserve.gov)
Office of the Comptroller of the Currency (OCC) (www.treas.occ.gov)
Office of Thrift Supervision (OTS) (www.treas.ots.gov)
Internal Revenue Service-Criminal Investigation (IRS-CI) (www.ustreas.gov)
Action Task Force (FATF) (www.fatf-gafi.org)
The Financial Action Task Force (FATF) is an inter-governmental body whose purpose is the development and promotion of policies, both at national and international levels, to combat money laundering and terrorist financing. The FATF monitors members' progress in implementing necessary measures, reviews money laundering and terrorist financing techniques and counter-measures, and promotes the adoption and implementation of appropriate measures globally.
Basel Committee on Banking
The Basel Committee on Banking Supervision provides a forum for regular cooperation on banking supervisory matters with the objective to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide. It seeks to do so by exchanging information on national supervisory issues, approaches and techniques, with a view to promoting common understanding. At times, the Committee uses this common understanding to develop guidelines and supervisory standards in areas where they are considered desirable. Basel Committee initiatives relating to Money Laundering and Terrorist Financing can be found at: http://www.bis.org/list/bcbs/tid_32/index.htm
The Wolfsberg Group is an association of 11 global banks, which aims to develop financial services industry standards, and related products, for Know Your Customer, Anti-Money Laundering and Counter Terrorist Financing policies. The Wolfsberg Standards consist of the various sets of AML Principles, as well as related Statements, issued by the Group since its inception and can be found at: http://www.wolfsberg-principles.com/standards.html.
Intensity Drug Trafficking Areas (HIDTAs) (www.whitehousedrugpolicy.gov)
The Anti-Drug Abuse Act of 1988 and The Office of National Drug Control Policy (ONDCP) Reauthorization Act of 1998 authorized the Director of ONDCP to designate areas within the United States that exhibit serious drug trafficking problems and harmfully impact other areas of the country as HIDTAs. The HIDTA Program provides additional federal resources to those areas to help eliminate or reduce drug trafficking and its harmful consequences.
Intensity Financial Crime Areas (HIFCAs) (www.fincen.gov)
HIFCAs were first announced in the 1999 National Money Laundering Strategy and were conceived in the Money Laundering and Financial Crimes Strategy Act of 1998 as a means of concentrating law enforcement efforts at the federal, state, and local levels in high intensity money laundering zones.
Narcotics Control Strategy Report (INCSR) (www.state.gov)
The Department of State's INCSR is the US Government's country-by-country Congressional report that describes the efforts to attack all aspects of the international drug trade, chemical control, money laundering and financial crimes.