U.S. 1994 International Narcotics Control Strategy Report Shows Increases and Challenges in Sophisticated Laundering

The section on international money laundering makes several important observations: the apparent increase in non-drug money laundering; the increased investment of illegal proceeds in legitimate businesses, including the financial industry; and the targeting of financial systems in countries and territories (some with little or no involvement in drug trading or other serious proceeds-generating crimes) to launder drug and other proceeds generated by crimes committed in other jurisdictions. The INCSR report notes that emphasizing increased detention and investigation operations at the layering and integration stages is an important operational challenge. The predominant emphasis today is on the placement stage for drug-related proceeds, especially cash?.[more]