A Recent Overview of Anti-Money Laundering Organizations within the United States, Canada and Internationally

Abstract

Throughout history, individuals and groups have developed methods to avoid linkages of illicit activities to the money derived from them, largely relying on their ability to conceal their funds, obstruct their source, and integrate them into the legitimate economy. This paper examines recently employed strategies to combat money laundering in the United States and Canada, as well as the roles and responsibilities of two key international organizations tasked with general oversight of international anti-money laundering organizations and the establishment and revision of best-practice recommendations for countries interested in improving their anti-money laundering efforts.