Money-Laundering Crackdown Hits Hard In Developing World

Law360, New York (November 9, 2015, 7:11 PM EST) -- Banks in developing countries have been hit hard by the U.S. crackdown on financing for terrorist groups and criminal organizations, making it difficult for people in those countries to get funds from the rest of the world in order to grow their businesses or in some cases to get by, experts say.

U.S. financial regulators have increased their scrutiny of banks' compliance with anti-money-laundering regulations and the Bank Secrecy Act since the Sept. 11, 2001, terrorist attacks. That scrutiny has led to billions of dollars in penalties for banks that have been found complicit in violations or have failed to put...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!