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To: SwampDogg who wrote (1151)	9/24/1999 12:33:00 PM
From: Lola	Read Replies (1) of 2010

Interesting news . . . Post says U.S. declares war on money laundering Friday Sep 24 1999 The Financial Post reports in a lead story in its Friday edition that the United States has declared war on money laundering. Reporter Peter Morton says that as the scandal over Russian money-laundering continues to grow, the U.S. administration says it will call on anyone who handles cash, from grocery store clerks to casino operators, to help stop drug smugglers and criminals from using the U.S. financial system to launder as much as $500-billion (U.S.) a year. Attorney General Janet Reno says that money laundering is a very sophisticated crime and American officials must be equally sophisticated to adapt their efforts to confront these criminals. The administration's latest attack on money laundering was being put together before the investigation into the diversion of as much as $15-billion (U.S.) by Russian government officials and organized crime through the U.S. banking system. So far, only three banks, Bank of New York, Republic Bank and Barclays, have been linked to money diversion, but a report in USA Today on Thursday said it may have spread to as many as 10 U.S. banks.

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