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To: Barry Grossman who wrote (73114)	2/7/1999 8:46:00 PM
From: Gerald Walls	Respond to of 186894

Of course, it is a good thing to be against money laundering, and it is a bad thing to hide income from taxation, which is I think the real basis for these regulations. Then there are those delightful parts of the RICO anti-racketeering statues that allow regulators to summarily confiscate not just money that is being laundered, but any money controlled by the accused money launderer WHETHER OR NOT THAT CHARGE IS EVER PROVED. Now there's a nice new source of non-tax revenue. Actually, charges never even have to be FILED.