This report provides a summary of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures in place in the United States on May 2006. The report describes and analyzes those measures and provides recommendations on how certain aspects of the system could be strengthened. The views expressed in this document are the views of the Financial Action Task Force (FATF), but do not necessarily reflect the views of the Boards of the IMF or World Bank. The Bank Secrecy Act provides the basis for most of the preventive measures applied to the financial sector and other businesses.
This paper provides a quantitative assessment of the impact of economic growth in the United States on growth in other countries. Using panel data estimation, the paper finds a significant positive impact of U.S. growth on growth in the rest of the world, especially developing countries, during the past few decades. The evidence suggests that the impact of U.S. growth on other countries can be explained by the significance of the United States as a global trading partner. The paper provides estimates of the direct impact of trade with the United States on growth in several individual countries.