- Words: 3464
- Length: 12 Pages
- Topic: Criminal Justice
- Paper #: 33925815
Under the Annunzio-Wylie Act, the U.S. Treasury is authorized to require financial institutions to adopt anti-money laundering programs that include: (a) internal policies, procedures, and controls; (b) designation of a compliance officer; - continuation of an ongoing employee training program; and (d) an independent audit function to test the adequacy of the program.
Source: Zagaris, 1999, p. 1023.
Therefore, building a case against sophisticated money-laundering schemes begins with recognizing when a