Fraud


FRAUD

The Treasury Department issues its 2001 National Money Laundering Strategy. As in the past, the plan warns of the negative roles lawyers, bankers and accountants can intentionally or unintentionally play in abetting criminal efforts to disguise unlawful income. But this year’s strategy also focuses on training lawyers and accountants to recognize and report potential signs of money laundering. Further, the plan calls for them to help law enforcement agencies and the financial industry better fight money laundering by making optimal use of information financial institutions are required to report to regulators. ( www.treas.gov/press/releases/docs/ml2001.pdf )

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QUIZ

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