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The Bank Secrecy Act provides the set of regulations and procedures that are used by financial institutions throughout the country in order to allow those businesses and banks to better monitor their customers and their transactions. Every bank in the country is required by law to have a program written that specifically outlines these compliance [...]

Foreign investors approached President Suharto, the leader of Indonesia, last week with their concerns over what is happening in his country.  Allegedly, military leaders in the country, through corrupt manners, have been involved in bribery and money laundering. When money is gained by illegal or corrupt means it needs to be ‘cleaned’.  What is happening [...]