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To: Frank_Ching who wrote (6785)	2/10/2000 6:05:00 PM
From: Sir Auric Goldfinger	Respond to of 10354

I would, you bush league tout. "More criminals laundering money in Asia - watchdog By Michael Perry SYDNEY, Feb 10 (Reuters) - Money laundering is on the rise and the world's criminals are increasingly opting for Asia's traditional underground banking systems to clean their dirty cash, the head of a regional crime watchdog said on Thursday. Drug trafficking remains the biggest source of dirty money, followed by fraud, but Asia's increasingly organised people smuggling rackets have also become a growth area for money laundering, said Rick McDonell, head of the Asia Pacific Group (APG) on Money Laundering secretariat in Sydney. 'Asia's underground banking has been discovered by Western criminals recently,' McDonell told Reuters. 'There are number of indications of it being on the rise in Canada, Europe, the United States and Australia, emanating from Hong Kong, India and Japan,' he said. 'The reasons are it is convenient and efficient and it offers a cloak of secrecy based on trust,' he said. The APG is a monitoring agency affiliated with the Organisation for Economic Co-operation and Development taskforce on money laundering. It will hold its annual meeting of law enforcement and government officials in Sydney in May. ASIA'S UNDERGROUND BANKERS Asia's money brokers were cited as among the world's major money launderers in the OECD's Financial Action Taskforce on Money Laundering 1999-2000 report released on February 3. The OECD said money launderers were using or had adopted several underground banking methods traditionally used in parts of Asia to quietly repatriate funds from abroad. The OECD said the Indian hawala (money broker) system, which pre-dates Western banking, had now spread worldwide. Indian hawaladars, usually merchants, collect funds at one end of the operation and other Indian hawaladars distribute the funds somewhere else, adding a small percentage charge for their service. Experts say such systems are difficult to monitor and can be abused to transfer large amounts of illegal funds. 'The ethnic connection of this system and its strong reliance on trust make it difficult to penetrate,' said the OECD. The OECD said the Chinese chit system also was attractive to money launderers because of a lack of transaction records, customer identification or background checks. The chit system involves a remittance between Chinese businesses in two countries, often using only a facsimile machine from a businessman's home. Another popular laundering method is the black market peso exchange, developed in Latin America, and used to launder U.S. dollar drug money. A U.S. broker accepts the U.S. funds then a partner in Colombia makes the funds available to the supplier in local currency. The OECD said these money brokers were attractive, not just because of their cloak of secrecy, but because they were cheaper than legal banking services, reliable and open 24-hours. 'Remittance agencies make their money on very narrow profit margins, therefore the volume of money dealt with must be high for business to be worthwhile,' it said. DIRTY MONEY The IMF has estimated money laundering represents two to five percent of global GDP -- trillions of dollars. The OECD taskforce said drug trafficking remained the single largest source of dirty money, followed by fraud. 'Smuggling, casino gambling, and increasingly in one case, trafficking in human beings are examples of other sources of laundered funds detected,' said the taskforce. The APG's McDonell said the growth in organised people smuggling rackets in Asia had resulted in a rise in money laundering in the region in the past year. The OECD said Asia's money brokers were also used by terrorist groups and to buy gold. The APG said Russian organised crime which had targeted offshore finance centres in the South Pacific in recent years had also laundered money through Asia but not to the same extent. 'They seem to prefer the tiny island states,' said McDonell. The South Pacific nation of Nauru has announced a review of its banking systems and the suspension of agents for its Offshore Banking Services, after reports Russian crime gangs were exploiting the island's lax banking laws. The Washington Post last October reported Russia's deputy central bank governor Viktor Melnikov saying $70 billion had been transferred from Russian banks to Nauru to avoid tax.

To: Frank_Ching who wrote (6785)	2/11/2000 4:17:00 PM
From: Sir Auric Goldfinger	Respond to of 10354

BESTWAY USA, INC. Corporation BOX 146705 SLC, UT Revoked Business ID: 145376 Business Name: BESTWAY USA, INC. Business Number: 204105 Registration Date: 09241997 State of Origin: NV Name in Home State: Address Address: 160 E. 300 SO. 2ND FLOOR City and State: BOX 146705 SLC, UT Zip: 841146705 Secondary Address: 4897 S KINGS ROW CR Secondary City and State: SALT LAKE CITY UT Secondary Zip: 841175834 Status Status: Revoked Status Description: Status Date:120198 Renewed: 120198 Profit: P Amended Expires: Corporate Information Corporation Sole:N Professional Corporation Indicator:N Last Annual Report Date:000000 Merge Code: Business Description SIC Description: NONCLASSIFIABLE ESTABLISHMENTS SIC Code: 9999 Registered Agent Registered Agent: DIV. OF CORP DIRECTOR Address:160 E. 300 SO. 2ND FLOOR City and State:BOX 146705 SLC, UT Zip:841146705 Stock Information Stock Class 1 Type: Number Authorized: 0 Stock Class 2 Type: Number Authorized: 0 Stock Class 3 Type: Number Authorized: 0 Stock Class 4 Type: Number Authorized: 0 Stock Class 5 Type: 0000000000 Number Authorized: 0 Stock Class 6 Type: 0000000000 Number Authorized: 0 Remarks 10-01-98 DELINQUENCY FOR FAILURE TO FILE AN ANNUAL REPORT. <- MAILED TO: DAVID SPENCER 4897 S KINGS ROW CR <- SALT LAKE CITY UT 841175 <- 12-01-98 REVOKED FOR FAILURE TO FILE AN ANNUAL REPORT. <- MAILED TO: DAVID SPENCER 4897 S KINGS ROW CR <- SALT LAKE CITY UT 84117 <-