Electronic and wire transfers soon will be examined under the same money-laundering magnifying glass that the government has trained on cash transactions over the past decade.

Effective Jan. 1, 1996, new wire transfer regulations will broaden federal regulatory attention to include the monitoring of institutions such as securities broker-dealers and other nonbanks that commonly deal not in cash but in electronic money transfers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.