This article is presented as an example of effective anti-money laundering efforts in detection and investigation when there is cooperation between private and government sectors as well as a strong collaborative effort between various governments and internal departments. Mr. Chia-Jui (Mike) Lan, whose investigative work...

Industry organizations  in each country submitted  comment letters toward the proposed regulations on  U.S. Foreign Account  Tax  Compliance Act  (FATCA), which was released on February 8, 2012. The comments seem to indicate that financial institutions are hesitant to commence their action for FATCA given the...