US seeks to extend legal powers over foreign countries

By David Marchant

27 years ago

Topics

Banks & Trusts Legislation Money Laundering

Keywords

Money Laundering Act of 1998 Money Laundering Alert Money Laundering Enforcement Act of 1998

Major legislation has been introduced to US Congress that would extend the power of the US authorities to apply its money laundering laws and penalties in other countries.The proposed laws, which were tabled in April, has the support of both Democrats and Republicans, according to a report in Miami-based newsletter Money Laundering Alert.

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