Arizona

Anti Money Laundering

A solid (self-sustaining) funding source for anti money laundering. Possible source funding for border protection and security.

The purpose of this Initiative is to combat and reduce money laundering and other criminal acts which involve the transmission of criminal proceeds to another party. The enactment of the Initiative would create a specialized Section under the Criminal Division within the Arizona Attorney General’s Office or Arizona Department of Public Safety to specifically combat Money Laundering and illicit wire transmissions of various forms statewide. The unit will consist of a specialized team of prosecutors and investigators to directly combat various forms of money laundering. Having such a specialized team would allow for proactive and extremely complicated investigations being totally funded by one of the most common mechanisms utilized to transport illicit funds, person to person wire transfers. Specific language in this Initiative protects legitimate person to business wire transfers to protect legitimate commerce in and out of Arizona and the United States.