CICAD Progresses on Uniform Anti-Money Laundering Laws

On December 15-16, 1990 the Inter-American Drug Abuse Control Commission of the Organization of American States (OAS) held its first meeting to begin preparation of uniform legislation to combat money laundering. Progress was slow at the initial meeting, partly because of the large size of the group. To facilitate drafting, a subgroup consisting of Argentina, Mexico, and the U.S. was formed. The second meeting was held during the third week of February. Shortly thereafter, CICAD expects to have draft legislation, perhaps in time for the next regular CICAD meeting during the first week of March.