Page:United States Statutes at Large Volume 112 Part 5.djvu/185

 PUBLIC LAW 105-310—OCT. 30, 1998 112 STAT. 2943 "(5) ENHANCEMENT OF INTERGOVERNMENTAL COOPERA- TION.— The enhancement of— "(A) cooperative efforts between the Federal Government and State and local officials, including State and local prosecutors and other law enforcement officials; and "(B) cooperative efforts among the several States and between State and local officials, including State and local prosecutors and other law enforcement officials, for financial crimes control which could be utilized or should be encouraged. "(6) PROJECT AND BUDGET PRIORITIES.— A 3-year projection for program and budget priorities and achievable projects for reductions in financial crimes. "(7) ASSESSMENT OF FUNDING.—^A complete assessment of how the proposed budget is intended to implement the strategy and whether the funding levels contained in the proposed budget are sufficient to implement the strategy. " (8) DESIGNATED AREAS. —A description of geographical areas designated as 'high-risk money laundering and related financial crime areas' in accordance with, but not limited to, section 5342. "(9) PERSONS CONSULTED. — Persons or officers consulted by the Secretary pursuant to subsection (d). "(10) DATA REGARDING TRENDS IN MONEY LAUNDERING AND RELATED FINANCIAL CRIMES. — The need for additional information necessary for the purpose of developing and smalyzing data in order to ascertain financial crime trends. "(11) IMPROVED COMMUNICATIONS SYSTEMS. — -A plan for enhancing the compatibility of automated information and facilitating access of the Federal Government and State and local governments to timely, accurate, and complete information. "(c) EFFECTIVENESS REPORT. —At the time each national strategy for combating financial crimes is transmitted by the President to the Congress (other than the first transmission of any such strategy) pursuant to subsection (a), the Secretary shall submit a report containing an evaluation of the effectiveness of policies to combat money laundering and related financial crimes. "(d) CONSULTATIONS.— In addition to the consultations required under this section with the Attorney General, in developing the national strategy for combating money laundering and related financial crimes, the Secretary shall consult with— "(1) the Board of Governors of the Federal Reserve System and other Federal banking agencies and the National Credit Union Administration Board; "(2) State and local officials, including State and local prosecutors; "(3) the Securities and Exchange Commission; "(4) the Commodities and Futures Trading Commission; "(5) the Director of the Office of National Drug Control Policy, with respect to money laundering and related financial crimes involving the proceeds of drug trafficking; "(6) the Chief of the United States Postal Inspection Service; "(7) to the extent appropriate. State and local officials responsible for financial institution and financial market regulation;

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