The case describes the international dilemma of money laundering and summarizes U.S. bank regulations aimed at reducing money laundering actions. The debut of H.R. 3886 in 2000 was one in a string of efforts to formalize U.S. banks' observation of their customers. The bill was prompted by a government report that identified and criticized U.S. banks for laundering billions of dollars linked to drug trafficking, fraud, and organized crime. Interest groups in favor of H.R. 3886 were mostly law enforcement agencies that seen current anti-money laundering laws as ineffective.
Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 Case Study Solution
Groups opposed to the bill contained the American Civil Liberties Union, which believed that the set of more information about bank customers' actions was an invasion of privacy, and the American Bankers Association, which asserted the legislation would impose unnecessary costs on banks. The case could be used to introduce the distributive politics framework for analyzing non-market problems and formulating marketplace strategies in the context of government institutions. This stance reversal provides a chance to explore how public opinion occasions, and the media can make windows of policy chance.
PUBLICATION DATE: June 14, 2012 PRODUCT #: KEL649-PDF-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
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