WASHINGTON, May 4 (RIA Novosti) - The U.S. Administration announced plans Thursday to expose and forfeit funds and assets illegally obtained by foreign senior officials and politicians and their families and business partners.
The 105-page strategy, drawn up by the Treasury, Justice and Homeland Security Departments, also pursues the goal of thwarting access for such officials to the international financial system.
In a preface to the document, heads of the three departments, Henry Paulson, Alberto Gonzales and Michael Chertoff, said the strategy was a response to the money laundering trends and technologies taking shape inside and outside the country.
The ministers said money laundering was a serious threat to the national and economic security, which spawns organized crime, feeds corruption and undermines trust in the supremacy of law.