Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 Harvard Case Solution & Analysis

The case describes the international money-laundering and summarizes U.S. bank regulations aimed at reducing money laundering activities. The introduction of HR 3886 in 2000, was one of a series of attempts to formalize the control of U.S. banks clients. The bill was due to the government report that named and criticized U.S. banks to launder billions of dollars, drug trafficking, fraud and organized crime. Interest groups in favor of HR 3886 were primarily law enforcement, which is considered the current anti-money laundering laws, as ineffective. Groups opposing the bill include the American Civil Liberties Union, which believes that the collection of additional information on the activities of the bank's clients is an invasion of privacy, and the American Bankers Association, who argue that the legislation would impose unnecessary costs on banks. Case can be used to introduce a distribution policy framework for the analysis of non-market problems and develop non-market strategy in the public institutions. The epilogue shows that HR 3886 died before it reached the House, but it is an enhanced version of the legislation eventually passed, with the support of stakeholders, who initially fought as part of the USA PATRIOT Act after the terrorist attacks of September 11, 2001. This position allows you to turn to examine how the events, public opinion and the media can create windows politicians to "Hide
by Timothy Feddersen, Kimia Rahimi Source: Kellogg School Management 4 pages. Publication Date: June 14, 2012. Prod. #: KEL649-PDF-ENG

Share This