News Releases
3/30/04 USA PATRIOT Act Monitor News Release: USA PATRIOT
Act Monitor Discusses FATF Typologies Report
The March 2004 issue of the USA PATRIOT Act Monitor has been posted on the Civic
Research Institute website for the Monitor, http://www.civicresearchinstitute.com/moneylaundering.
The new Monitor discusses the 2003-2004 Typologies Report released by the Financial
Action Task Force (FATF), paying particular attention to the ways terrorists
and money launderers use non-profit organizations and, recently, insurance companies.
The FATF's continuing push regarding gatekeepers (including lawyers and accountants)
is also reviewed. Another development discussed in the March Monitor concerns
a case in a Texas district court regarding how broad the shield against release
of SAR-related records is extended to protect an institution filing a suspicious
activity report.
The USA PATRIOT Act Monitor and the news releases prepared by the Monitor staff
are services of the Civic Research Institute, publisher of Money Laundering,
Terrorism, and Financial Institutions, by Raymond Banoun and John Ensminger.
Contact and subscription information may be obtained at http://www.civicresearchinstitute.com/moneylaundering
or by calling the Civic Research Institute at 609-683-4450 (fax: 609-683-7291).
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