International Strategies to Combat Money Laundering

The global nature of the money laundering problem is clear. The world’s financial markets are becoming increasingly intertwined, and free trade agreements and customs unions are increasing the movement of goods and people while blurring traditional borders. These new global systems, fueled by technology, also allow criminals and their money to move easily from one jurisdiction to another, as they seek less regulated areas of the world to hide. The international community is responding: transgovernmental groups – made up of financial, regulatory and judiciary specialists – are working in a variety of ways to share information and expertise to fight money laundering and other crimes. And although they act internationally, they do so in their own national interest – to improve enforcement of domestic laws and regulations, and to protect their financial systems from criminal abuse. All nations must join the international community, working together to insure the stability and integrity of our financial systems, our economies, our governments.

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