Money Laundering

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) in April proposed changes to its current Form 105, Report of International Transportation of Currency and Monetary Instruments ( ). The revision would facilitate law enforcement by obtaining additional information about the movement of currency and monetary instruments. FinCEN would achieve this by converting its existing report into two documents: Form 105, Report of International Transportation of Currency and Monetary Instruments—Accompanied by an Individual , and Form 106, Report of International Transportation of Currency and Monetary Instruments—Shipment, Mailing, or Receipt. Comments are due June 8.

The International Federation of Accountants (IFAC) in March issued Anti-Money Laundering—2nd Edition , a paper addressing the profession’s role in detecting money laundering and implementing controls to prevent it. The publication, which includes a compendium of relevant guidance, is available free of charge from IFAC at . Its original edition appeared in January 2002.


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