New Bid To Curb Money Laundering
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LEAD: A senior U.S. Treasury said today that the best way for banks oasis with more stringent laws part of the secret of the fight against the laundering of drug money has been provided through cooperation and not confrontation. A senior U.S. Treasury said today that the best way for banks oasis with more stringent laws part of the secret of the fight against the laundering of drug money has been provided through cooperation and not the confrontation. He spoke of a news briefing on the condition that his name not be disclosed, the Ministry of Finance as senior officials of most industrialized Nations gathered here for money laundering. An estimated $ 300 billion in laundered money in the drug trade is held each year. The American officials, it has already pressure on the banks of oases like Liechtenstein, the Cayman Islands, Luxembourg, Panama, Uruguay and Hong Kong -”do not want to finish, washing ways of the world illegal.” The official added that it would be a mistake to spread on specific cases, banks havens of “zero tolerance”. ”I do not think our goal is to keep someone on the outside, in the display to the public pillory,”he said. “This Is Not A Study Group” French and American officials said that the objectives of this meeting was the harmonization of the definition of money laundering, to coordinate efforts, share information and assess what already exists for combating laundering money. In addition, the objectives of the group, to prepare a report, which define how international cooperation in the fight against laundering drug money. ”This is not study,’’said Finance Minister Pierre Beregowoi of France. ”This group of experts will develop and take action.” In July this year, the Group of Seven summit in Paris, the leaders of the industrialized nations agreed on a Money Laundering Task Force. The group, which met for the first time today, and also representatives of other nations also plans for the submission of a report to the state and government leaders of the Group of Seven countries - the United States, US, Japan, UK, France, the Federal Republic of Germany, Canada and Italy - next April. The American Senior Treasury official said today that Sitzung”ist an explicit recognition of the fact that in order to cope with the drug problem you have in the world financial and economic system, part of the process.” He added that De momentum for other purposes strong action on money laundering was a step by President Bush in the fight against drugs. |