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Money Laundering: Stakeholders View Recordkeeping Requirements for Cashier's Checks as Sufficient

GGD-95-189 Published: Jul 28, 1995. Publicly Released: Jul 28, 1995.
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Highlights

Pursuant to a legislative requirement and a congressional request, GAO provided information on: (1) the current recordkeeping requirements for cashier checks; and (2) whether federal government and financial industry officials believe that additional recordkeeping requirements should be imposed on those financial institutions issuing cashier checks.

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Banking lawCheck disbursement or controlFinancial institutionsFinancial recordsMoney launderingRecords managementReporting requirementsCurrency and coinageFinancial transactionsAdministration of justice