US May Release Details From Secret Database On Money Laundering
Prompted by mounting pressure from banks, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) will, for the first time, make public details of banking reports on fraud and money laundering held on their database.
FinCEN, which plans to issue a report on laundering trends and practices, will release statistics from its database within the next three months. The organisation hopes the information will serve as a vital resource to banks, non-financial institutions and software companies
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