2023-07-142023-07-142012-07-17https://hdl.handle.net/20.500.14300/495The Permanent Subcommittee on Investigations of the Senate Committee on Homeland Security and Governmental Affairs examined the the anti-money laundering and terrorist financing vulnerabilities created when a global bank uses its U.S. affiliate to provide system access and services to high risk affiliates, banks, and clients. The report found U.S. financial institutions had become conduits for the concealment, transfer, and spending of suspicious funds. The report provides recommendations on how to strengthen AML controls in order to combat money laundering, drug trafficking, and terrorist financing in the U.S.406 pagesenStaff ReportsBipartisanSenateSenate Bipartisan Staff Report18: Foreign Trade1804: International Private Business Investments112