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Publication

Money Laundering and Foreign Corruption: Enforcement and Effectiveness of the Patriot Act--Case Study Involving Riggs Bank

Senate Committee on Homeland Security and Governmental Affairs
; 
Permanent Subcommittee on Investigations
Abstract
The Minority Staff of the Permanent Subcommittee on Investigations of the Senate Committee on Governmental Affairs conducted an investigation into the role of Riggs Bank in money laundering practices in the U.S. The Subcommittee reviewed financial documents from the IRS and Riggs Bank and conducted interviews with representatives from financial institutions. The report found that Riggs Bank ignored federal anti-money laundering obligations and were complicit in allowing and sometimes facilitating suspicious financial activity.
Date
2004-07-15
Document Type
Senate Minority Staff Report
Serial Number
Document Length
114 pages
Congress
108
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Files
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2004-07-15_R-Money_Laundering+Foreign_Corruption-108C.pdf
Adobe PDF, 331 KB
URI
https://hdl.handle.net/20.500.14300/467
Relation
DOI
Keywords
Staff Reports
PAP Major Code
12: Law, Crime, and Family Issues
PAP Minor Code
1202: White Collar Crime and Organized Crime
Related Hearings
• Senate Committee on Governmental Affairs, Permanent Subcommittee on Investigations, hearing on "Money Laundering and Foreign Corruption: Enforcement and Effectiveness of the Patriot Act," 108th Cong., S.Hrg. 108-633, (2004, July 15)
• Senate Committee on Governmental Affairs, Prmanent Subcommittee on Investigations, hearing on “Role of U.S. Correspondent Banking in International Money Laundering,” 107th Cong., S.Hrg. 107-84, (2001, March 1, 2, and 6)
• Senate Committee on Governmental Affairs, Prmanent Subcommittee on Investigations, hearing on “Private Banking and Money Laundering: A Case Study of Opportunities and Vulnerabilities,” 106th Cong., S.Hrg.106-428, (1999, November 9 and 10)
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Senate Oversight Committee