Sec. 702. Sense of Congress regarding list of countries at high risk for money laundering
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/bill/114/hr/4242/ih/section-702·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is the sense of Congress that when Treasury identifies countries or jurisdictions as a primary money laundering concern under section 311 of the USA Patriot Act, it should consider— countries and jurisdictions identified by the Department of State in its annual International Narcotics Control Strategy Report as Jurisdictions of Primary Concern or jurisdiction’s subject to heightened scrutiny; whether the Financial Action Task Force has identified a country or jurisdiction as having anti-money laundering or counterterrorism financing deficiencies and to which countermeasures apply; and countries and jurisdictions that have not made sufficient progress in addressing the deficiencies identified by the Financial Action Task Force or have not committed to an action plan developed with the Financial Action Task Force to address the deficiencies.