Industry Information - 04/04/2002
A US-based Task Force on Information Exchange and Financial Privacy has released a Report on "Financial Privacy, Law Enforcement, and Terrorism".
The Task Force is chaired by former U.S. Senator Mack Mattingly and guided by Senior Advisors Edwin Meese, former U.S. Attorney General, and Jack Kemp, former Republican Vice Presidential nominee. It comprises leaders from the law enforcement, legal, public policy, and tax communities.
The report endorses the creation of international standards, modeled after the Geneva Convention, to improve cooperation in the global fight against crime and terrorism; and also calls on policy makers to more effectively target money laundering laws.
