Saturday, March 03, 2007

U.S. Annual Report on International Drug Trade and Money Laundering

Earlier this week, the U.S. State Department released its most recent International Narcotics Control Strategy Report:

"The 2007 International Narcotics Control Strategy Report (INCSR) is an annual report by the Department of State to Congress prepared in accordance with the Foreign Assistance Act. It describes the efforts of key countries to attack all aspects of the international drug trade in Calendar Year 2006. Volume I covers drug and chemical control activities. Volume II covers money laundering and financial crimes".
Also this week, the UK government released its report Financial challenge to crime and terrorism:

"The Government's anti-money laundering and terrorist finance strategy has been drawn up between law enforcement agencies; key policy departments and the private sector. It shows that the financial measures taken in recent years are already helping to deter, detect and disrupt crime and terrorism. To build on this progress, the strategy sets out the key priorities for increasing the financial challenge to crime and terrorism in the future, and announces new proposals that exemplify the Government's commitment to their delivery".
Earlier Library Boy posts on related topics include:
  • Government Releases Anti-Money Laundering and Anti-Terrorist Financing Consultation Paper (July 10, 2005): "Just before the Canada Day weekend, the Finance Department released a consultation paper that outlines proposed changes to Canada’s anti-money laundering and anti-terrorist financing regime. The current law is up for a mandatory 5-year review by the Canadian Parliament. Under the current legislation, financial institutions, insurers, real estate agents and casinos must report any suspicious financial transactions as well as ALL completed transactions over $10,000 CDN."
  • Criminal Intelligence Service 2006 Annual Report on Organized Crime (August 19, 2006): "The Service coordinates the criminal intelligence units of Canadian law enforcement agencies at the federal and provincial levels of government (...) Organized crime activities involve production and distribution of narcotics, firearms smuggling, vehicle theft, financial fraud, identity theft, counterfeiting, human trafficking and money laundering."
  • Canadian Senate Report on Money Laundering (October 4, 2006): "The Senate committee estimates that the amount of dirty money laundered each year in Canada far exceeds what the federal government anti-money-laundering authorities at the Financial Transactions and Reports Analysis Centre (FINTRAC) of Canada have found. FINTRAC, which filed its 2005-06 annual report in Parliament today, estimates the dollar value of suspect transactions for the year was slightly over $5 billion. The Senate report feels the figure could be in the tens of billions of dollars."
  • RCMP Drug Situation Report 2005 (January 11, 2007): "In the past few years the problem of illicit synthetic drugs has evolved from a concern for Canadian law enforcement to a national priority. To accurately reflect the ever growing role that Ecstasy, methamphetamine and chemical precursors play in the Canadian illicit drug trade, a full section has been dedicated to each of these commodities. This year, a section on prosecution of the illicit drug trade cases was also added to examine the extent of charges related to drug incidents, as well as the results of court proceedings."

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posted by Michel-Adrien at 3:58 pm

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