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Some criminal and terrorist organizations use trade-based money laundering to disguise illicit proceeds and fund their operations. These kinds of schemes can rely on misrepresenting the price, quantity, or type of goods in trade transactions.
Congress passed the Tom Lantos Block Burmese JADE Act in 2008 prohibiting the import of Burmese-origin jadeite, rubies, and related jewelry and calling for certain international actions. The act also requires GAO to assess the effectiveness of the implementation of this section of the act.
Many developing countries have expressed concern about their inability to take advantage of global trading opportunities. The United States considers this ability a key factor in reducing poverty, achieving economic growth, raising income levels, and promoting stability. U.S.
Pursuant to a congressional request, GAO reviewed the implementation and monitoring of certain Cuban embargo provisions affecting travel, telecommunications, and trade, focusing on: (1) whether the Department of the Treasury, Office of Foreign Asset Control's (OFAC) decision to allow authorized U.S.