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To: MNI who wrote (14270)	9/2/1999 9:12:00 AM
From: goldsnow	Read Replies (3) of 17770

Espionage? nah, OO7 is just for children...New game in town. U.S. Looks For Russian Financial 'Moles' NEW YORK (Reuters) - U.S. authorities fear Russian mobsters may have put ``moles' inside major Western banks and securities firms to help them launder money, The Wall Street Journal reported in Thursday's online edition. These authorities told the Journal that information from informants and other confidential sources suggests Russian organized crime rings ``are making an active effort to penetrate the U.S. financial system.' ``They'll put people in sensitive positions in the bank, so they can utilize them at some later point,' the Journal reported, quoting a law-enforcement official with a long history of investigating Russian groups in the U.S. But there is little public evidence of such activity, these authorities told the Journal. The report of possible plants comes as U.S. and foreign law enforcement officials are investigating the handling of billions of dollars allegedly tied to Russian mobsters in what could be one of the largest money laundering schemes in U.S. history. The initial investigation centerd on the Bank of New York Co. Inc., but has widened in recent days to include the possible diversion by Russians of International Monetary Fund loans. The Bank of New York has denied any wrongdoing and said that it is cooperating with the authorities. Moscow has called allegations of Russian involvement in money laundering a smear by Westerners and denied that it has not misused IMF loans. The IMF has said it has no evidence that its cash was diverted. In a separate story, the Journal said Thursday that a report which is expected later Thursday concludes that Russian and U.S. officials had set up an adequate system to prevent illegal diversion of surplus U.S. food aid to Russia. But the same report also is expected to warn that Russian organized-crime syndicates ``heavily infiltrated' Russian ports where the food shipments are delivered. dailynews.yahoo.com --------------------------------------------------------------------------------

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