Excerpt from Term Paper:

...... Complex problems require complex solutions and the international community and United States alike have all developed a wide range of initiatives designed to combat money laundering. While the provisions and scope of these international and domestic laws differ, they share one fundamental commonality: The fight against money laundering aims at a more effective enforcement of the criminal law in relation to profit-oriented crime (Stessens, 2000, p. 3). The international and national guidelines, regulations and laws that have been developed in recent years for fighting money laundering are discussed further below
International Standards. The international community has enacted a number of substantive measures in the recent years to combat money laundering, including the following initiatives:
1. Multilateral organizations have been created to develop anti-money laundering standards, mechanisms, and institutions;
2. The United Nations pioneered the 1988 Vienna Convention Against the Trafficking in Illegal Narcotic and Psychotropic Substances contains the requirements to criminalize money laundering and immobilize the assets of persons involved in illegal narcotics trafficking;
3. In 1989, the G-7 Economic Summit Group established the Financial Action Task Force (FATF), operates from the Office of Economic Cooperation and Development (OECD) headquarters in Paris and has issued a set of forty

Need this essay? If it's not quite what you're looking for there are over 50,000 more to search from, so you can find the term paper or essay that meets your needs.