4  See Elizabeth A. Duke (2011), "Changed Circumstances: The Impact of the Financial Crisis on the Economic Condition of Workers Near Retirement and of Business Owners," speech delivered at the Virginia Association of Economists Sandridge Lecture, Richmond, Va., March 24.
Consequently, it became necessary to strengthen the Money Laundering Act of 1995 by addressing its weaknesses, in order to be more effective. The following weaknesses were observed: •  Ambiguity in the definition of “Money Laundering”. •  The provisions of forfeiture of assets were not far-reaching.