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Money Laundering: Needed Improvements for Reporting Suspicious Transactions Are Planned

GGD-95-156 Published: May 30, 1995. Publicly Released: Jun 20, 1995.
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Highlights

Pursuant to a congressional request, GAO provided information on money laundering activities, focusing on: (1) how suspicious transactions are reported; (2) how currency transactions reports are used by law enforcement agencies; and (3) whether the reporting process can be improved.

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Banking lawFederal formsstate relationsFinancial institutionsLaw enforcementLaw enforcement agenciesMoney launderingReporting requirementsCriminal activitiesRegulatory agencies