Money Laundering and Financial Crimes Strategy Act of 1998
E197953
The Money Laundering and Financial Crimes Strategy Act of 1998 is a U.S. federal law that strengthened the nation’s anti–money laundering framework by enhancing coordination, enforcement, and strategic planning among financial regulators and law enforcement agencies.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Money Laundering and Financial Crimes Strategy Act of 1998 canonical | 1 |
Statements (30)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
anti-money laundering law ⓘ |
| appliesTo | financial institutions in the United States ⓘ |
| areaOfLaw |
anti-money laundering
ⓘ
financial crimes enforcement ⓘ financial regulation ⓘ |
| coordinationWith |
federal financial regulators
ⓘ
federal law enforcement agencies ⓘ state and local law enforcement ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| enforcementTarget |
financial crime networks
ⓘ
money laundering schemes ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| legislativeBody | United States Congress ⓘ |
| objective |
to develop comprehensive strategies to detect and prevent money laundering
ⓘ
to enhance federal leadership in anti–money laundering efforts ⓘ to improve information sharing among agencies combating financial crimes ⓘ |
| policyType | national anti–money laundering strategy ⓘ |
| purpose |
to enhance coordination among financial regulators and law enforcement agencies
ⓘ
to improve enforcement against money laundering and related financial crimes ⓘ to promote strategic planning in combating money laundering ⓘ to strengthen the United States anti–money laundering framework ⓘ |
| regulatoryFocus |
financial crimes
ⓘ
law enforcement coordination ⓘ money laundering ⓘ |
| relatedTo |
Bank Secrecy Act
ⓘ
United States anti–money laundering regulations ⓘ |
| sector | financial services ⓘ |
| strengthens | United States anti–money laundering regime ⓘ |
| timePeriod | late 1990s United States financial regulation reforms ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.