US anti-money-laundering proposals for pre-paid credit cards criticised

Mark Sands
02 Sep 2010

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Proposed anti-money-laundering legislation on pre-paid access cards from the Financial Crimes Enforcement Network (Fincen) has faced criticism as its public comments phase comes to a close.

Over the course of July and August, Fincen welcomed comments regarding a proposed rulemaking designed to clamp down on the use of stored value cards for money laundering. In the proposal, Fincen argued pre-paid cards could increasingly be used for criminal activity, saying "the potential for high velocity of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]