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Anti-Money Laundering

Anti-Money Laundering

You can’t do this. Money should stay dirty…or something like that. 

This Act empowered the United States Treasury Department to go after potential terrorist funding activities based on suspicious behavior in various forms. More to the point, the once respected ultimate privacy of banks and banking went away, and the government now has the right to poke its nose anywhere it thinks Osama’s progeny might have left a footprint.

The three stages of money laundering are placement, layering, and...

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