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COLUMN FINANCE tablish their own internal task force and plans to thwart Integration – Legitimized money through one or more suspicious activities. of the previous steps introduces the laundered money back

The 2001 USA Patriot Act (Uniting and Strengthening into the mainstream economy. This may be from the sale

America by Providing Appropriate Tools Required to Inter- of the high-value items, or capital “investments” in legiti- cept and Obstruct Terrorism Act of 2001), Title III, strength- mate businesses or more insidiously, sponsoring terrorism.

ened banking rules. Internationally, it expanded bank record keeping and reporting requirements and increased the pen- O WN THE ATERFRONT alty for currency smuggling and counterfeiting. You may be thinking that the marine industry is im-

The Treasury Department’s Of