Homeland Security Seeks To Curb Money LaunderingHomeland Security Seeks To Curb Money Laundering

The Department of Homeland Security on Tuesday unveiled Operation Cornerstone, a financial-investigations initiative aimed at curbing money-laundering crimes and sharing specific information found through criminal investigations with the nation's top financial institutions.

Operation Cornerstone will be run by the Bureau of Immigration and Customs Enforcement and will identify and work to eliminate vulnerabilities in financial systems that criminals can exploit for laundering illicit proceeds. The bureau will share information learned from these investigations to eliminate industrywide security gaps.