NCJ Number
161895
Journal
Transnational Organized Crime Volume: 1 Issue: 3 Dated: special issue (Autumn 1995) Pages: 161-168
Editor(s)
P Williams,
E U Savona
Date Published
1995
Length
8 pages
Annotation
The Courmayeur Conference noted that money laundering has acquired a global character and thus requires a vigorous multidisciplinary approach and priority attention at national and international levels.
Abstract
Conference participants addressed the need to enhance efforts of the United Nations because of its global constituency and other regional and international organizations in the fight against money laundering activities. They also discussed the importance of providing technical assistance to governments that enables them to design and apply their own strategies to prevent and control money laundering. Moreover, conference participants recognized the need to involve all relevant organizations in the control of money laundering, including law enforcement, judicial, banking, and financial communities. They discussed trends in money laundering activities, the lack of an effective and comprehensive net to control money laundering on a global scale, criminalization of laundering drug and nondrug criminal proceeds, bank secrecy, suspicious bank transactions, the regulation of businesses conducting financial operations, asset forfeiture, and workable international cooperation mechanisms. 4 notes