Senate Hearing on Money Laundering Targets Money Changers

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Wednesday, November 1, 1989
Author: 
Bruce Zagaris
Volume: 
5
Issue: 
11
Abstract: 
At a November 1 hearing held by the Senate Banking Committee on money laundering, the Committee members agreed that new laws to stop money laundering by money changers is urgently needed.  An investigation by New York State has revealed at least 135 stores in which drug laundering may occur.